One thing is to tax the rich, another thing entirely is to tax what they haven't got "gains" on.
this post was submitted on 15 Mar 2024
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Yeah this.
Those numbers would be income taxation, but not capital gains taxation, and the really wealthy have most of their income as capital gains.
The more money you have, the more you have ways of avoiding taxes.
Which when I was young, used to be criminal. Now it's just rebranded.
¿Porque no los dos?
Meanwhile in Hungary: if you're a large business, you pay less tax by percentage than small businesses and self-employed people.
Isn't Hungary officially the most corrupt country in Europe?
I think #1 in the EU and some strong place somewhere in the top 5 in Europe. It's gotten SO much worse in the past 10-15 years... And not like it was good before that, to begin with.
Oh yeah, I'm aware - I had plans to move to Hungary, to get to know my ancestors' homeland. Completely scrapped it and won't even think about visiting until Orbán's head in on a pike and his whole party of cronies is exiled.
I'm personally in favor of land value taxes, externality taxes, and natural resource severance taxes.
Just take everything from the neck up.
For billionaires: there is nothing there.
UK:
"We hide your billionaires money"
Oh we do that in the US too. Turns out Idaho is a popular global tax haven
We have a point where progressive taxation reverses and you get a refund
If you're not a billionaire and against this, you're pretty much a moron and if you're thinking one day you'll be a billionaire, you won't be based on your thought process alone.
There's no sensible reason why anyone should have no resistance accumulating that much wealth to themselves. It isn't infinite money for everyone, essentially you're taking it from others. Yes, some fools kind of deserve or are themselves at blame for parting from their own money, but if there are no stops, it doesn't motivate others from making sure they create methods to keep doing this to others. All to gain, nothing to lose.
Nuh uhhn... If you tax me high as a millionaire I will never make it to billionaire. That's just math, duh. /s
Wut? No one taxes wealth because that doesn't work. This meme is plain wrong.
Wrong.
Those are income taxes for people with high salaries.
No billionaire earns the bulk of their money as taxable income. None of these countries tax billionaires the way the meme implies
Oops, just found out that I have to pay tax😲😊
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