Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes...
by maerF0x0 on Thursday October 22, 2020 @03:17PM
(#24862179)
> depreciating status symbols is also a contributor to the economy
Yes, for a single iteration, but it's a vicious cycle of shrinking the pie.
versus creation of new (true) assets makes the pie bigger. A bigger pie means the tax slice grows and there is more to go around. I agree that, for example, Bezos having $300Bn locked up in non-taxable is not ideal too. Ideally that would have been taxes as an "income" as it grew.
Maybe something like the required minimum distribution from 401k would be a good solution?
Yes, for a single iteration, but it's a vicious cycle of shrinking the pie.
versus creation of new (true) assets makes the pie bigger. A bigger pie means the tax slice grows and there is more to go around. I agree that, for example, Bezos having $300Bn locked up in non-taxable is not ideal too. Ideally that would have been taxes as an "income" as it grew.
Maybe something like the required minimum distribution from 401k would be a good solution?