Live data from Hacker News

Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea

fair.org

11–20 of 488 posts

Re: Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea

#14
post #4

[deleted]

There is a long tail of blogs, podcasts, and independent authors now, no longer beholden to corporate interests (or not as much.) I find a rich selection of everything these days -- and if you subscribe the $ mostly goes directly to the author (e.g., with substack) which is awesome.

Re: Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea

#15

I'm neither wealthy nor the media and I believe that wealth taxes are a bad idea, too.

Why? (I mostly agree but it's not a strong opinion)

My guess: because they hope to be wealthy some day.

Re: Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea

#16

As a business owner, when taxes are low, I see that as an incentive to pocket profits. But when taxes are high, I see that as an incentive to hide the profits by investing in the future. I know this isn't always the case with everyone. And especially investors have a case that higher corporate taxes reduce the value of their investments, possibly to the point of not making them. But this incentive is so blatantly obv…

That's a misconception worth clearing up, but the article is about taxes on wealth (i.e. assets), not profit.

Re: Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea

#19
post #4

[deleted]

4chan?

Moot was at least a millionaire, and the current owner Hiroyuki Nishimura's wikipedia page[0] doesn't make him seem likely to be poor.

[0]https://en.wikipedia.org/wiki/Hiroyuki_Nishimura

Post reply on HN