With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.

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[–] 3 points 11 months ago

We do tax capital gains. It's just at a lower rate than regular income and the first $50k or so is 0%. Some states tax capital gains as regular income.

They do a shell game by using their losses to offset their gains.

This would be something anyone could do but most people don't have the ability to let stocks sit for over a year before taking the capitol loss strategically.

The system is built for the wealthy to have less risk.

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