grte@lemmy.ca to Canada@lemmy.ca · 4 months agoLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square141fedilinkarrow-up1602arrow-down148
arrow-up1554arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.cagrte@lemmy.ca to Canada@lemmy.ca · 4 months agomessage-square141fedilink
minus-squareBedSharkPal@lemmy.calinkfedilinkarrow-up4·edit-24 months agoTo be fair, there are a number of countries that already have a wealth tax. So it wouldn’t be some insurmountable concept.
minus-squareMondayToFriday@lemmy.calinkfedilinkarrow-up2arrow-down1·4 months agoWealth that’s just sitting there is hard to assess and therefore easy to game. What’s the value of a piece of art? It’s far more practical to tax transactions and realized gains, when money changes hands.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up2arrow-down2·4 months agoThere are less and less of them because taxing wealth doesn’t work.
minus-squareBedSharkPal@lemmy.calinkfedilinkarrow-up2·4 months agoThat’s a theory I suppose. Another theory might be the wealthy influencing policies to have the tax removed. No idea if either are true.
To be fair, there are a number of countries that already have a wealth tax. So it wouldn’t be some insurmountable concept.
Wealth that’s just sitting there is hard to assess and therefore easy to game. What’s the value of a piece of art? It’s far more practical to tax transactions and realized gains, when money changes hands.
There are less and less of them because taxing wealth doesn’t work.
That’s a theory I suppose. Another theory might be the wealthy influencing policies to have the tax removed. No idea if either are true.