Comment on I.R.S. Crackdown on Delinquent Millionaires Yields $1 Billion

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Clent@lemmy.world ⁨4⁩ ⁨months⁩ ago

Only if you assume those people all have only one million dollars.

Billionaires also have 1000x times the resources to pay for accounting firms to back up their tax loop holes. They are often generational wealth so they learned to hide it from birth. The only option is to remove them from the ecosystem. Taxing them isn’t even a half measure. They shouldn’t exist, hence why they should be plated.

I don’t want a few millions of a billionaires assets taxed. I might accept a taxation rate back to 99% like it allegedly was before Ronnie took us down this dark timeline back in the 1980’s but the older I get, the hungrier I become.

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