Biden eyeing tax rate as high as 43.4% in next economic package

Re:Biden eyeing tax rate as high as 43.4% in next economic p... by infogulch on Thursday April 22, 2021 @02:35PM (#26906306)

Shares are a kind of property. Perhaps it would be reasonable to charge a property tax on their value. The market would fix inflated valuations right quick.

[ Parent | on HN ]

Re:Biden eyeing tax rate as high as 43.4% in next economic p... by potiuper on Thursday April 22, 2021 @04:06PM (#26907520)

Cash is also a kind of property or more technically a "security", and a tax on it would be a "wealth" tax. The progressive vs regressive tax question can be reworded into asking how much freedom or our own wealth should we give up to the government to provide "security"?

[ Parent | on HN ]

Re:Biden eyeing tax rate as high as 43.4% in next economic p... by infogulch on Thursday April 22, 2021 @05:07PM (#26908209)

I think inflation is the tax on cash as a security. That's what all the cryptocoin people are harping about.

[ Parent | on HN ]