How to convert between wealth and income tax

Re:How to convert between wealth and income tax by lazide on Friday May 22, 2026 @06:44PM (#48242563)

It does change that there is a multiplier. Even 5% is likely a deathknell for all but a couple percent of assets owned by the most aggressive ‘sharks’.

A good way to make owning anything unaffordable though! The carve outs would just defacto set a cap for normal people. No more than one house, etc.

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Re:How to convert between wealth and income tax by Dylan16807 on Friday May 22, 2026 @07:10PM (#48242743)

What's your definition of affordable here?

You can still own millions and billions of dollars of things, but you'll have to shrink your money pile over time to pay for those things if you don't have a source of income.

[ Parent | on HN ]

Re:How to convert between wealth and income tax by lazide on Friday May 22, 2026 @07:27PM (#48242866)

It depends on the asset and the ability to earn income from it.

The higher the rate, the harder it will be to do.

At some point, only speculators with deep pockets and the desperate with enough cash flow could do it.

[ Parent | on HN ]