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DanieRains

(4,619 posts) Tue Dec 1, 2020, 11:58 AM Dec 2020

Tax Wealthy Like Workers Eliminate Deficit Completely

Tax wealth accumulation like income.

Instead of watching Americans starve.

Only taxing "income" is beyond stupid.

Its economic suicide.

2 replies

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Tax Wealthy Like Workers Eliminate Deficit Completely (Original Post) DanieRains Dec 2020 OP

Taxing wages is taxing labor. LastDemocratInSC Dec 2020 #1

It is a failing of our system that the Fed gov't doesn't tax wealth... Wounded Bear Dec 2020 #2

LastDemocratInSC

(4,242 posts)

1. Taxing wages is taxing labor.

Reply to DanieRains (Original post)

Tue Dec 1, 2020, 12:30 PM

Dec 2020

There are many sources of income that should be taxed but are not taxed.

Wounded Bear

(64,323 posts)

2. It is a failing of our system that the Fed gov't doesn't tax wealth...

Reply to DanieRains (Original post)

Tue Dec 1, 2020, 12:54 PM

Dec 2020

The wealthy are capapble of manipulating the data in ways that minimize their taxable income that aren't available to the non-wealthy.

Progressive taxation of income is a start, and we've been doing an increasingly poor job at that, but we really need to tax transactions and wealth to really get a handle on wealth inequality.

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