this post was submitted on 19 Mar 2024
643 points (89.5% liked)
General Discussion
12096 readers
1 users here now
Welcome to Lemmy.World General!
This is a community for general discussion where you can get your bearings in the fediverse. Discuss topics & ask questions that don't seem to fit in any other community, or don't have an active community yet.
🪆 About Lemmy World
🧭 Finding Communities
Feel free to ask here or over in: !lemmy411@lemmy.ca!
Also keep an eye on:
- !newcommunities@lemmy.world
- !communitypromo@lemmy.ca
- !new_communities@mander.xyz
- !communityspotlight@lemmy.world
- !wowthislemmyexists@lemmy.ca!
For more involved tools to find communities to join: check out Lemmyverse!
💬 Additional Discussion Focused Communities:
- !actual_discussion@lemmy.ca - Note this is for more serious discussions.
- !casualconversation@lemm.ee - The opposite of the above, for more laidback chat!
- !letstalkaboutgames@feddit.uk - Into video games? Here's a place to discuss them!
- !movies@lemm.ee - Watched a movie and wanna talk to others about it? Here's a place to do so!
- !politicaldiscussion@lemmy.world - Want to talk politics apart from political news? Here's a community for that!
Rules
Remember, Lemmy World rules also apply here.
0. See: Rules for Users.
- No bigotry: including racism, sexism, homophobia, transphobia, or xenophobia.
- Be respectful. Everyone should feel welcome here.
- Be thoughtful and helpful: even with ‘silly’ questions. The world won’t be made better by dismissive comments to others on Lemmy.
- Link posts should include some context/opinion in the body text when the title is unaltered, or be titled to encourage discussion.
- Posts concerning other instances' activity/decisions are better suited to !fediverse@lemmy.world or !lemmydrama@lemmy.world communities.
- No Ads/Spamming.
- No NSFW content.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What about making the highest tax bracket immutable.
Basically, anyone earning more than that amount, for every dollar of earnings above that amount, taxes cannot be exempted, refunded or otherwise redirected.
Say that tax bracket is 500k/yr, and some rich fuck earns 2M. They must pay the tax, whatever percent of tax that is, on the final 1.5M of earnings. So if it's 50% taxes, they must pay $750k, plus whatever taxation is applicable to the first $500k. They can't skirt it by putting that money into a tax shelter or by donating it to the corrupt charity that they run.
Then they buy stocks and assets and borrow money and carry debt based off of their overvalued assets. They already do that now to pay 0 taxes.
In order to combat this you would either have to tax debt/loans, tax unrealized gains, and/or tax assets like houses and vehicles more highly than income tax.
All of which have staggering implications for normal people also. It really is a tricky thing to get right.
Maybe ban using stocks as loan collateral and make capital gains taxes have a progressive bracket from 0% for <100k per year up to 90% for more than 1 billion or something. Rich people will always find ways to dodge having to pay what they owe for the labor they exploited.
Well, I would want to see capital gains and dividends be included in the gross revenue calculation. If they bring in money, it is income regardless of where it comes from.