Re:The rich are hoarding economic growth
by sjg007 on Sunday August 20, 2017 @08:35PM
(#15061091)
Raise taxes on the 0.01%, it's the only way.
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Re:The rich are hoarding economic growth
by prostoalex on Sunday August 20, 2017 @08:53PM
(#15061150)
Most of them derive annual income via capital gains, and it's pretty much a voluntary tax. One either borrows against the asset, so zero selling occurs, or harvests some tax losses from other assets before they execute a sale on an appreciated asset.
You can impose a consumption tax
But you cannot do that!! I'm part of those who will get to be the 0.01%!! How could you take away my money that I will purposely wrote in my check from the monopoly that I will own with my company.