Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax
Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax
A wealth tax is dumb. Luckily, Biden has never advocated for a wealth tax.
You can call me a neolib if you want, but I still want a 80% marginal tax bracket, and I want capital gains taxes to be higher than payroll taxes.
riveting counterpoint
It’s almost like you intentionally missed my point because you wanted me to elaborate on something that’s been well covered elsewhere.
Or you simply wanted a pithy, empty quip and would have latched onto anything you could find.
Yeah elaborating on claims is how these discussions work.
https://lemmy.world/comment/10185336
https://lemmy.world/comment/10183600
https://lemmy.world/comment/10183893
I don’t know why you needed me to link you other comments in this post, but here you go.
A wealth tax just isn’t good policy, especially when there are better alternatives, like capital gains taxes and income taxes. Those also fix deeper issues than just a wealth tax that encourages spending outside of the country.
But really this post is just about ranting against Biden and fudging any details necessary to make it fit.
Do you just not have a reason for thinking a wealth tax is dumb? The first link just…is not whatever you think it is, its someone ranting against biden and someone else saying biden didnt mean to say wealth tax. But nothing in there criticizing a wealth tax itself. The second link i also responded to, and the third link is debating whether or not it would be legally allowed.
You didnt even read the second word of the title man. This is an international proposal specifically for this reason.