Comment on Why does everyone hate Income tax ?

evujumenuk@lemmy.world ⁨3⁩ ⁨days⁩ ago

Income tax doesn’t do anything to the 1%. You have unrealized gains, and borrow against your assets? You owe zero tax.

A wealth tax, or income tax on yet unrealized gains, would be better. Of course, that comes with its own set of issues. But, I don’t think they are insurmountable.

source
Sort:hotnewtop