grte@lemmy.ca to Canada@lemmy.ca · 2 years agoLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square80linkfedilinkarrow-up1517arrow-down136
arrow-up1481arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.cagrte@lemmy.ca to Canada@lemmy.ca · 2 years agomessage-square80linkfedilink
minus-squareBedSharkPal@lemmy.calinkfedilinkarrow-up4·edit-22 years agoTo be fair, there are a number of countries that already have a wealth tax. So it wouldn’t be some insurmountable concept.
minus-squareAux@lemmy.worldBannedlinkfedilinkarrow-up2arrow-down1·2 years agoThere are less and less of them because taxing wealth doesn’t work.
minus-squareBedSharkPal@lemmy.calinkfedilinkarrow-up2·2 years agoThat’s a theory I suppose. Another theory might be the wealthy influencing policies to have the tax removed. No idea if either are true.
minus-squareMondayToFriday@lemmy.calinkfedilinkarrow-up2arrow-down1·2 years agoWealth that’s just sitting there is hard to assess and therefore easy to game. What’s the value of a piece of art? It’s far more practical to tax transactions and realized gains, when money changes hands.
To be fair, there are a number of countries that already have a wealth tax. So it wouldn’t be some insurmountable concept.
There are less and less of them because taxing wealth doesn’t work.
That’s a theory I suppose. Another theory might be the wealthy influencing policies to have the tax removed. No idea if either are true.
Wealth that’s just sitting there is hard to assess and therefore easy to game. What’s the value of a piece of art? It’s far more practical to tax transactions and realized gains, when money changes hands.