Re:Coinbase lays off around 1,100 employees
by idiotsecant on Tuesday June 14, 2022 @06:48PM
(#31746957)
Yes, I see your point. 'Wealth' is what rich people have, in which case taxes on it's value don't make sense! That's ludicrous! 'Property', on the other hand, is what normal people have. The value of property must be taxed, for the good of us all! Anything else would be silly.
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Re:Coinbase lays off around 1,100 employees
by tbrownaw on Tuesday June 14, 2022 @07:35PM
(#31747365)
The argument you're resorting to attempted mockery to oppose is not the argument that the comment you're responding to made.
Re:Coinbase lays off around 1,100 employees
by TheCoelacanth on Wednesday June 15, 2022 @11:20AM
(#31754295)
Property taxes are even more onerous than a wealth tax.
If you own a $1 million house with an $800k mortgage, you pay tax on $1 million of property, but you only have $200k of wealth.
Billionaires are the world's biggest whiners. Even a tax burden that's proportional to what normal middle-class people pay is the end of the world.