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[–] 21 points 2 years ago (4 children)

But please based on wealth rather than income.

Rich people don't become rich from income.

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  • [–] 11 points 2 years ago (3 children)

    I support a wealth tax as well, but even taxing income aggressively is a good start especially if it includes higher capital gains taxes.

    I'm not super familiar with US tax law, but in Canada benefits like stock are taxed as income when granted. This would still be great.

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  • [–] 3 points 2 years ago (2 children)

    Wealth taxes are unconstitutional in the United States. It would require an amendment to change that.

    Capital gains should just be taxed an ordinary income. That would solve a lot of issues such as Medicare, social security, etc.

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  • [–] 1 point 2 years ago (1 child)

    Whether they are constitutional seems to be a fairly open source of debate currently.

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  • [–] 1 point 2 years ago

    Not sure who those people are but they don’t seem well versed on the topic.

    If you haven’t read the most recent SCOTUS ruling. It foreshadows their views on the topic. SCOTUS determines want is constitutional.

    There hs enough case law from scotus to point to wealth taxes as being unconstitutional

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