this post was submitted on 04 Apr 2026
597 points (97.3% liked)
Just Post
1422 readers
647 users here now
Just post something 💛
Lemmy's general purpose discussion community with no specific topic.
Sitewide lemmy.world rules apply here.
Additionally, this is a no AI content community. We are here for human interaction, not AI slop! Posts or comments flagged as AI generated will be removed.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So do I understand correctly that the top income tax bracket is 0% today? Or is this just another shitty ragebait headline. Oligarchs shouldn’t exist, but almost none of their money comes from wages or capital gains anyways, so any polemics about income tax are mostly meaningless for this issue. Any type of wealth tax is fairly trivial to evade at that level.
The only thing that would work would be to enforce existing anti fraud laws to prevent oligarchs from gaining power in the first place, as well as convicting them for the white collar crimes they commit open daylight, and use fines as a way to get some of the absurd concentration of wealth out of the system.
Factually incorrect. Taxing a billionaire's wealth wouldn't be dissimilar from what we already do with property taxes. All it requires is an assessment and we already do that as a matter of policy in most states.
Secondly, none of this is meaningless. Billionaires are the single biggest problem for most of the human race, and they are the biggest drivers behind climate change. Holding them accountable is essential.
Right. It’s not like they can on paper move their assets to whatever organization, estate, jurisdiction, subsidiary, shell company, offshore account, or arcane vehicles we never heard of, to avoid paying wealth taxes!