Lenny, you again raise good points, and although I agree on some of them, I quite disagree on most.
1) "50$ of taxpayers pay little or no taxes." You're singing to the choir. First, I think everyone should pay taxes - it makes us better citizens. Second, I agree, 1-10% pay most of the taxes. This isn't right, so what exactly is your point…
Lenny, you again raise good points, and although I agree on some of them, I quite disagree on most.
1) "50$ of taxpayers pay little or no taxes." You're singing to the choir. First, I think everyone should pay taxes - it makes us better citizens. Second, I agree, 1-10% pay most of the taxes. This isn't right, so what exactly is your point? That it's OK for Bezos et al not to have to pay on the $3-4 trillion they accrue in wealth every year?
2) Yes, there should be a wealth tax.
3) Yes, taxing wealth is difficult - that's why we need politicians with the balls to do it, like Sanders and Newsom. Just saying it's difficult is passive and self-defeating. What are you saying? That Adolf Hitler ran over France and Belgium, therefore he was unstoppable?
3) YES you should be taxed on the increase in equity of your home, WHEN you decide to sell it, and thereby have the money to pay for the taxes. What planet are you on, brother?
4) When you lose money on your stocks, you get a tax break.
Man, this is not difficult, why are you making it so?
Lenny, you again raise good points, and although I agree on some of them, I quite disagree on most.
1) "50$ of taxpayers pay little or no taxes." You're singing to the choir. First, I think everyone should pay taxes - it makes us better citizens. Second, I agree, 1-10% pay most of the taxes. This isn't right, so what exactly is your point? That it's OK for Bezos et al not to have to pay on the $3-4 trillion they accrue in wealth every year?
2) Yes, there should be a wealth tax.
3) Yes, taxing wealth is difficult - that's why we need politicians with the balls to do it, like Sanders and Newsom. Just saying it's difficult is passive and self-defeating. What are you saying? That Adolf Hitler ran over France and Belgium, therefore he was unstoppable?
3) YES you should be taxed on the increase in equity of your home, WHEN you decide to sell it, and thereby have the money to pay for the taxes. What planet are you on, brother?
4) When you lose money on your stocks, you get a tax break.
Man, this is not difficult, why are you making it so?
Hi Lonny, hate to say this, but you're confused.
Sure:
1) "Accruing means nothing until the transaction is realized by an exchange of value."
Accruing DOES NOT mean nothing, what it means is massive, tax-free, accumulation of earned income.
2) "Are you asking for double taxation?" Obviously not. Tax wasn't paid in the first place, so what exactly is your point?
3) No question, a wealth tax will be difficult, but that does not mean "it's nearly impossible to implement." What's wrong with you?