Re:Tax details of US super-rich allegedly leaked
by lotsofpulp on Tuesday June 08, 2021 @06:37PM
(#27442004)
Yes, that summarizes it, but all of that was already known and did not to be supported by leaked tax records. The root cause is automation and technology is allowing for more winner take all markets, combined with government money printing and reduced power of labor to negotiate for a bigger piece of the pie means assets keep getting more and more valuable.
Which lead to ever widening wealth gaps which might not be good for society, so taxing unrealized gains might be an answer.
Which lead to ever widening wealth gaps which might not be good for society, so taxing unrealized gains might be an answer.