Progressive Politics

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To Tax the Ultra-Rich, We Need to Go After Their Wealth—Not Just Income (inthesetimes.com)

submitted 1 month ago by return2ozma@lemmy.world to c/progressivepolitics@lemmy.world

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[–] NotEasyBeingGreen@slrpnk.net 1 points 1 month ago (3 children)

If you tax income then the ultra wealthy can find some financial construction to ensure that they have zero income. Of course, this is also true for wealth (see: the Gates Foundation), so maybe there is no good solution. 😅

[–] Akasazh@lemmy.world 2 points 1 month ago (1 children)

If magazines like Forbes can make up a system to measure the wealth of the richest, then there is a way to tax them.

[–] umbrella@lemmy.ml 1 points 1 month ago

no good solution

[–] cadekat@pawb.social 1 points 4 weeks ago

As long as you make the conversion from "financial construction" to "personal benefit" a taxable event, I'm not sure I have a problem with that.