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EU-funded report calls for wealth of super-rich to be taxed, not income
(www.theguardian.com)
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this post was submitted on 23 Oct 2023
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What happens to money when you tax it at a high rate? It moves to another country.
You can't tax a country into prosperity.
Idc? That money isn’t getting taxed anyway so they aren’t participating in society so these people might as well gtfo.
Stop. Protecting. Billionaires.
Stop pretending that killing them all off in your country will make them disappear or solve the root problems in your society.
I'm not protecting them. I'm pointing out the flawed reasoning.
Do you have a solution you would propose in stead of a tax that would begin to reverse the growing wealth inequality issue?
Incentives, other regulation. Break up monopolies. Companies pay stupid amounts because they have that kind of money. If they are essentially forced to use money for other things, there won't be enough to keep the company black and pay the CEO stupid money.