this post was submitted on 04 Apr 2026
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Study: Billionaires Paid 91% Tax Rate in 1960, Now they pay 0% (hrnews1.substack.com)
submitted 1 day ago by peanutbutterandjelly@lemmy.world to c/justpost@lemmy.world
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[โ€“] Rivalarrival@lemmy.today 6 points 20 hours ago* (last edited 19 hours ago) (1 children)

Income tax is already progressive, with "the poors" already exempt. Treating cap gains the same as income tax would exempt "the poors" in the same way.

Taxing cap gains at a lower rate than income is an insult to labor.

[โ€“] a_non_monotonic_function@lemmy.world 1 points 9 hours ago

Income tax is already progressive

Lol. Clearly you aren't in the US, where income tax doesn't mean shit to the wealthy.