reabsorbthelight
@reabsorbthelight@lemmy.world
- Comment on We're just scanning for the bear... 2 days ago:
Mormons are in Utah 🫣
- Comment on We're just scanning for the bear... 3 days ago:
Rape is often treated lighter than consensual sex
- Comment on We're just scanning for the bear... 4 days ago:
They call it nonconsensual immorality
- Comment on Most Of Billionaires’ $7.6 Trillion Has Never Been Taxed - Americans For Tax Fairness 5 days ago:
The article says this
Sen. Wyden’s proposed Billionaires Income Tax (BIT) would tax the wealth gains of billionaires and those with consistent income above $100 million. Currently, such investment gains are only taxed if the underlying asset is sold. But the ultrawealthy don’t have to sell to benefit. They can secure low-interest loans secured against their rising fortunes and live luxuriously tax-free. Under Wyden’s plan, such wealth-growth income would be taxed every year just like worker wages are now. The Joint Committee on Taxation estimated this proposal would raise $557 billion in new revenue over the next decade from just a small number of ultra-wealthy oligarchs.
I don’t like wealth tax for a number of reasons, but a capital gains tax on unrealized gains that phases in after a certain amount seems very fair. The phasing in is important because average people’s homes and other assets should be untouched imo, but after a certain amount of unrealized income it should be.
I’d also suggest taxing secured low interest loans as a form of realized capital gains.
- Comment on Billionaires amass more wealth through inheritance than wealth creation says UBS 1 week ago:
Don’t forget how billionaires are noble and don’t give their wealth to their children unless their children could earn it themselves
- Comment on Where *does* the money come from? 2 weeks ago:
Man that’s so nice. I would love to have that
- Comment on Where *does* the money come from? 2 weeks ago:
Oddly I saw this and thought it was a pro union ad because that’s pretty cheap
- Comment on Where *does* the money come from? 2 weeks ago:
What tactics do companies use to prevent unions? How do you fight these?
- Comment on If God had wanted us to have nearly unlimited clean energy, He would have placed a fusion reactor into the sky. 2 weeks ago:
Link with description for those who are unaware of this like me