Assuming billionaires were going to get a special tax, how would you actually determine how much to tax them? Sure some would be straightforward like Musk where it’s entirely derived from a few companies with known ownership stakes, but what about all the others?

We don’t even know the names of most of the billionaires. With all the games they can play to hide money, now made even easier thanks to the changes Trump made in his first few months, how would you even figure out who and what amount to tax? They don’t have a normal salary or easily documented income like everyone else.

  • ObjectivityIncarnate@lemmy.world
    12·
    2 days ago

    The problem lies in the top 1% using their shares of a company as their personal bank account.

    There is no problem in someone using their own assets for their own benefit.

    They can use these shares as collateral for a loan, bypassing all income tax.

    There’s no income tax to “bypass”, because a loan isn’t income. You have to pay it back. Do you consider it “bypassing all income tax” when a homeowner takes out a Home Equity Loan too?

    • jpreston2005@lemmy.world
      11·
      22 hours ago

      you just really love the taste of boots, huh?

      how dare you suggest we tax billionaires! Don’t you know they’re better than the rest of us? You can’t tax them because that’s not fair to the god-like status I have bestowed upon them! their money is special and shouldn’t be touched, they ripped off their workers and dodged taxes fair and square!

      • ObjectivityIncarnate@lemmy.world
        11·
        19 hours ago

        I dryly state of couple of plain facts, along with an analogy to clarify why using your own assets as collateral for a loan doesn’t make sense to be interpreted as ‘bypassing income tax’

        You accuse me of being a bootlicker and put a ton of words in my mouth, assuming all sorts of nonsense about my values/positions because you apparently can’t handle the actual words you were presented with, and need a straw man to focus on instead

        Why pretend you have any interest in genuine discourse when you act like this? It’s extremely obvious you have no desire to actually communicate. Go write a blog somewhere with the comments disabled if you can’t handle contradiction.