Re:Calif. Wealth Tax Proposal Likely Faces Constitutional Ch...
by thoughtstheseus on Tuesday September 01, 2020 @02:13PM
(#24344888)
Your wealth is not decreasing in this scenario. You have ~30% more apples.
What people (wealth tax supporters) are really trying to do is tax unrealized gains that compound because there are no transactions to tax. Dubious legally for the U.S. but not onerous if structured right.
What people (wealth tax supporters) are really trying to do is tax unrealized gains that compound because there are no transactions to tax. Dubious legally for the U.S. but not onerous if structured right.