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Joined 1 year ago
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Cake day: July 4th, 2023

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  • Maybe we’re strawmaning each other. I would be fine with a 1-2% tax on billionaire wealth that’s sitting as unrealized gains.

    Taxing me on the value of my house is absolutely similar to taxing unrealized gains. If my house gained value that doesn’t mean my income did. There is no guarantee that I can afford it. I can’t sell my house to pay the tax. The same arguments used to defend billionaires applies to me as well, but somehow we’re supposed to feel bad for them but we’re ok with the middle class paying essentially the same thing as unrealized gains on the asset they own that’s mostly likely 99% of their net worth.

    Can you tell me what is broken with expecting someone that holds $100b in unrealized gains to pay %1 tax on it







  • randoot@lemmy.worldto196@lemmy.blahaj.zoneRule
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    1 month ago

    No, if enough people vote for socialist candidates and they pass a law that says all property now belongs to the state, then it’d be enforced just like any other current law.

    The transition could be gradual. If we started nationalizing companies that get too big, and do that for a few generations then the state would own 99% of the economy.

    If we keep raising property tax, you’d effectively get to the point where people are leasing the land rather than owning it.








  • Not a terrible idea initially, blend in with farm equipment, excellent off road capability, small and nimble. However there’s a reason Geneva conventions require military personnel and equipment to be distinct from civilians.

    Do you want all your civilian farmers blown up? Because this is how you do that.