Wealth taxes are good for once things are already out of control, I think generally higher income taxes/capital gains taxes (which should be higher than general income taxes) are the most progressive way to tax.
Wealth taxes are good for once things are already out of control, I think generally higher income taxes/capital gains taxes (which should be higher than general income taxes) are the most progressive way to tax.
litchralee@sh.itjust.works 2 days ago
Let’s also not forget inheritance tax, which directly addresses the problem of hoarding wealth and perpetuating inequities across generations. If supposedly “self-made” people “earned” their billions, then their heirs should have no problems earning their own as well.
RIotingPacifist@lemmy.world 1 day ago
I support high inheritance taxes, but practically speaking they hit the middle class the hardest because they are the easiest to avoid once you are rich enough.