@HulkSmashBurgers@reddthat.com
Post #1862615
2026-04-29 11:29 UTC
Replies (3)
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@stopdropandprole@lemmy.world 2026-04-30 16:32
wealth tax is the only (nonviolent) means available to redistribute the mountain of wealth which has been extracted from the working class. if we can't begin to claw back some economic ownership, inequality will grow forever until something breaks. recommended anyone even remotely interested in wealth tax to check out Gary Stevenson on youtube.
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@boonhet@sopuli.xyz 2026-04-29 15:01
Wealth tax is kinda stupid because that just makes hiding all of your assets in a tax haven the default for rich people. Right now at least I believe most American billionaires are paying SOME tax in the US, because most nominally own some stuff in the US. Actually closing the loopholes one can use to skirt existing taxes is actually more beneficial. And using your stock holdings as collateral for a loan should trigger a tax event, consider it realized gains. Also start taxing stock options when they've vested, not when the stock is sold (which might be never). When sold, the increase in value is also realized gains and should still be taxed too.
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@UnderpantsWeevil@lemmy.world 2026-04-29 22:23
Newsom is gearing up to veto California's newest attempt