Mamdani, the presumptive Democratic nominee to be the next mayor of New York City and a self-identified democratic socialist, on Sunday said billionaires contribute to inequality.
It will lead to more dark money. It’s very hard to accurately measure a persons net worth when their financials aren’t just a house and an IRA like the average person. Especially if they don’t want you to see it. You’ll never be able to implement that tax in a consistent way.
Yes, that’s the current situation, thanks for pointing that out. I don’t think people understand how much tax evasion they do, for instance as of 2016 there was £36 TRILLION in offshore tax havens, UK GDP is £25 trillion for comparison. Murder in the first degree can get you prison for life, but letting countless people die from poverty related issues at home while getting rich off of starving and killing kids overseas makes you a billionaire. Why do we accept that?
law is inherently flawed and easily manipulated by clever sociopaths. chaotic good FTW. let there be guillotines and morally sound citizens and nothing more.
Huh, curious, I could swear we Germans (and most other countries I’m sure) used to do just that until a glorious neoliberal government came along and abolished the tax.
It will lead to more dark money. It’s very hard to accurately measure a persons net worth when their financials aren’t just a house and an IRA like the average person. Especially if they don’t want you to see it. You’ll never be able to implement that tax in a consistent way.
Thing is, that ability to evade that is intentionally built in. It has to be. We have KYC laws here and anything over 10K is tracked.
The fact that the ultrawealthy are able to manipulate money in ways so that it’s not tracked and/or not taxed has to be by design.
Yes, that’s the current situation, thanks for pointing that out. I don’t think people understand how much tax evasion they do, for instance as of 2016 there was £36 TRILLION in offshore tax havens, UK GDP is £25 trillion for comparison. Murder in the first degree can get you prison for life, but letting countless people die from poverty related issues at home while getting rich off of starving and killing kids overseas makes you a billionaire. Why do we accept that?
law is inherently flawed and easily manipulated by clever sociopaths. chaotic good FTW. let there be guillotines and morally sound citizens and nothing more.
Huh, curious, I could swear we Germans (and most other countries I’m sure) used to do just that until a glorious neoliberal government came along and abolished the tax.