1574
Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.
(lemmy.world)
Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Wouldn't this be a double standard if we're applying @[email protected] 's logic? The rich would get taxed on loaned money but the middle class wouldn't?
that's like the point of the entire system? I mean, I don't want to go back to the 1800s corporate baronies that defined most industry at that point in time
Oh no... Anyway.
That's generally how progressive tax brackets work, yes. Technically speaking if I rich person wants to take out a 30k HELOC they'd also not get taxed on it.
This is how... EVERYTHING works... Income tax brackets, 401k limits. I thought this was pretty obvious, from each according their ability and all.