If the only value you can add to this thread is calling me a clown or a useful idiot, please comment elsewhere. But to seriously respond to what you said, I don't understand how you can have a good faith belief nobody can possibly see the world differently from you. There's quite a lot of downward mobility out of the upper quintiles of wealth in America. "Getting paid for being rich" usually only applies if you're rich and smart and you deploy your assets in an economically productive way. After all, there are more than enough rich people who go back to being poor.
If you refuse to believe anyone who doesn't share your view of class struggle is either stupid or malicious, I don't see why you bother engaging at all.
Re:Who died and left the US $7B?
by vikingerik on Wednesday October 09, 2024 @12:24PM
(#41789685)
The problem with directing tax heat towards assets is that you chase away the assets to more favorable jurisdictions (ie, overseas.) Real estate / property tax works because land can't be moved. But if you tax capital in the US, the capital holders will simply leave the US.
I don't know which is worse, though: the situation itself or the clown car that pulls up every time someone proposes maybe shifting some of the tax heat away from work and towards assets, with useful idiots tripping over themselves and each other as they pile out of the car to explain how this is actually good and anyone who things our economy is overweight "rich get paid for being rich" and underweight "poor get paid for working" is actually just envious and there are no structural problems at all. Ignore "the wedge," just stop being envious! Nothing to see here!