Re:Hedge-fund billionaire Ray Dalio says capitalism is faili...
by danans on Friday April 05, 2019 @01:57PM
(#19585295)
> They're rich enough to be insulated from it
This is solved by taxing very high wealth, not just very high income.
> it hits those who might actually try to get rich in the future.
Not those who try, just those who actually get very rich. None of the current tax increase proposals target the wealth or income of even slightly rich people (low millions of net worth or low 100ks of income), just the very rich (> 50mil net worth).
That still leaves a ton of room for incentivizing getting rich below that number.
This is solved by taxing very high wealth, not just very high income.
> it hits those who might actually try to get rich in the future.
Not those who try, just those who actually get very rich. None of the current tax increase proposals target the wealth or income of even slightly rich people (low millions of net worth or low 100ks of income), just the very rich (> 50mil net worth).
That still leaves a ton of room for incentivizing getting rich below that number.