Comment on A one-time 5% wealth tax would bring Silicon Valley’s billionaires’ wealth back to where it was just 31 days ago

MalReynolds@slrpnk.net ⁨1⁩ ⁨day⁩ ago

• boonhet@sopuli.xyz ⁨1⁩ ⁨day⁩ ago

  That wasn’t a wealth tax though? That was an income tax and only on the top bracket. Very, very different things.

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  • bitjunkie@lemmy.world ⁨1⁩ ⁨day⁩ ago

    There’s a pretty straightforward solution to that, as well: Tax unrealized capital gains as income the moment they’re used as collateral. If you can spend it, it’s income, you fucking cheater.

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  • MalReynolds@slrpnk.net ⁨1⁩ ⁨day⁩ ago

    Sure, simpler times back when accountants hadn’t hidden it all

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    • arrow74@lemmy.zip ⁨1⁩ ⁨day⁩ ago

      And before the laws hadn’t been changed to make it so easy to hide it all

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