Re:Wealthy people are renouncing American citizenship
by Chris2048 on Thursday August 05, 2021 @10:08AM
(#28073922)
> Long term capital gains is only 10%
But it has yet to be taxed as income. Even if it doesn't devalue, you can't use it until you dispose of it, incurring additional tax.
> The wealthy are only wealthy because the non-wealthy people who vastly outnumber the wealthy, allow them to keep their capital.
The wealthy can afford better weaponry than you. Are you alive only because they allow you to live?
> rethink this generous position
Do you think you are entitled to something just because you could (forcibly) take it?
The wealthy are only wealthy because the non-wealthy people who vastly outnumber the wealthy, allow them to keep their capital. I think massive wealth inequality is making a significant number of people rethink this generous position.