this post was submitted on 15 Jan 2024
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Political Memes

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[–] [email protected] 25 points 9 months ago (2 children)

Should just start by issuing a 80 percent tax in wealth that we haven't hit yet

Say, 400 billion.

That way when they can pass it and say it doesn't impact anyone. It's just there as a buffer.. And when musk or zuck hit that eventual trigger we tax the piss out of them

[–] [email protected] 3 points 9 months ago (1 children)

It won't be Musk. He's almost as unsuccessful as Trump.

[–] [email protected] 4 points 9 months ago

Dunno. He's still number 1.

I agree with you he's an idiot, but he's still rich and making money

[–] [email protected] 1 points 9 months ago

We (U.S.) should revisit the Alternate Minimum Tax. The whole idea was to mitigate excessive deductions for the wealthy by earablishing a more straightforward way of calculating that their tax must at least match the minimum. I believe it even worked for a few years.

  • AMT was not indexed for inflation so affects more people every year with inflation , not just the wealthy
  • there are still too many loopholes so “money finds a way”