ProPublica's tax story

Re:ProPublica's tax story by jkhdigital on Tuesday June 08, 2021 @09:48PM (#27443322)

The idea that allowing potential income to compound before taxing it ultimately produces higher tax receipts in the future is WAY too nuanced of an argument for the soak-the-rich crowd. They want their pound of flesh now, dammit!

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Re:ProPublica's tax story by Xcelerate on Tuesday June 08, 2021 @10:00PM (#27443393)

I mean, couldn’t the government just take the tax and put it in the exact same investment the person would have and achieve the same thing?

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Re:ProPublica's tax story by wmf on Tuesday June 08, 2021 @10:04PM (#27443420)

No, because the government isn't willing to take the same risks that private citizens are.

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Re:ProPublica's tax story by burkaman on Tuesday June 08, 2021 @10:56PM (#27443717)

? The government takes enormous risks that no private citizen or company ever would. Extremely long term esoteric research that might never earn a profit, investing in programs that don't earn any financial profit (healthcare, firefighting, public libraries, etc.), huge loans and grants to cutting edge businesses that might fail (Tesla, Solyndra, Moderna, etc.), building up huge stockpiles of resources in case of emergency, and so on.

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Re:ProPublica's tax story by gruez on Tuesday June 08, 2021 @10:43PM (#27443658)

How is the US sovereign wealth fund doing?

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Re:ProPublica's tax story by jkhdigital on Wednesday June 09, 2021 @07:07AM (#27446543)

Can’t have a sovereign wealth fund while simultaneously issuing the world’s reserve currency!

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Re:ProPublica's tax story by austhrow743 on Tuesday June 08, 2021 @10:40PM (#27443642)

So government owned means of production?

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