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A comment on FDIC set to take First Republic Bank into receivership. Parent comment

Re:FDIC set to take First Republic Bank into receivership by Spooky23 on Saturday April 29, 2023 @09:56AM (#35752878)
Didn’t say wealth tax, just tax. Taxing unrealized gains would be dumb.

It’s pretty easy, hit dividends, income for social security and Medicare purposes without caps, etc. Eliminate deductions for margin interest, tax filing, legal, orgs fees. Put an excise tax on LLC formation and annual reporting, and require an annual filing of beneficial owners of corporate entities. Charge a higher fee for foreign and corporate owners.

[ Parent | on HN ]
Re:FDIC set to take First Republic Bank into receivership by r00fus on Saturday April 29, 2023 @01:37PM (#35755141)
These are really good solid ideas that would also have a lot of popular support.

Basically take all the loopholes that the .01% use and close or disadvantage them so they don't use them (or as much).

Rich still get richer but the system stabilizes.

[ Parent | on HN ]