Comment on How would you actually tax the ultra wealthy?
SolidShake@lemmy.world 11 hours agoThat’s insanely stupid. You already pay taxes from your income and you pay taxes spending money. No ken should ever be taxed on money they have saved. Ever.
porous_grey_matter@lemmy.ml 11 hours ago
Nope, not only is it not stupid, it is pretty much the best possible taxation system unless your explicit goal is to keep poor people poor and rich people rich.
SolidShake@lemmy.world 6 hours ago
So YOU would be okay with the government taxing your savings account? Even though that money was already taxed? That is inssaaaaaane dude
porous_grey_matter@lemmy.ml 5 hours ago
I currently live in a country which has this. Income taxes are correspondingly very low and public services are extremely good. I’m very satisfied with the arrangement, yes. You seem preoccupied with some kind of religious sanctity of your “savings account” without actually considering what the implications of such a policy are, that’s too bad.
SolidShake@lemmy.world 2 hours ago
I don’t think you understand then… see we get a paycheck which is taxed for states and federal. So that money was taxed already. In my example I said you can save $10,000 a year…you are saying that money should be taxed a second time. Which is absolutely wild to me and probably anyone who lives in the US. If that was the case people would be keeping cash in their homes in safes.