Billionaires should face a minimum tax rate, report says
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Re: Billionaires should face a minimum tax rate, report says
#2So what?
Re: Billionaires should face a minimum tax rate, report says
#3Government economists say the government needs more tax money. Very convincing.
Instead of making people dependent on social welfare systems, and funneling money to useless bureaucracies, how about we force the billionaires to put that money to use in the markets? Not just stocks and bonds. Most certainly not NGOs/non-profits (they siphon enough public money). Venture capital, urban renewal projects, interests that promote science + discovery.
Re: Billionaires should face a minimum tax rate, report says
#4it is easy to make the headlines by just telling people what they want to hear.
hard truths, not so much.
Re: Billionaires should face a minimum tax rate, report says
#5Government economists say the government needs more tax money. Very convincing. Instead of making people dependent on social welfare systems, and funneling money to useless bureaucracies, how about we force the billionaires to put that money to use in the markets? Not just stocks and bonds. Most certainly not NGOs/non-profits (they siphon enough public money). Venture capital, urban renewal projects, interests that p…
1) They are not government economists, it’s an independent body.
2) With increased tax revenue from billionaires a government could choose to reduce the tax burden of non billionaires and keep total taxation the same.
Re: Billionaires should face a minimum tax rate, report says
#6[deleted]
Re: Billionaires should face a minimum tax rate, report says
#7Unrealized capital gains are not income.
This article wants a wealth tax because they think this is "income" that is going untaxed.
Re: Billionaires should face a minimum tax rate, report says
#8it is easy to make the headlines by just telling people what they want to hear. hard truths, not so much.
It is easy to make a comment. A comment with hard truths that could be upvoted, not so much.
Re: Billionaires should face a minimum tax rate, report says
#9Government economists say the government needs more tax money. Very convincing. Instead of making people dependent on social welfare systems, and funneling money to useless bureaucracies, how about we force the billionaires to put that money to use in the markets? Not just stocks and bonds. Most certainly not NGOs/non-profits (they siphon enough public money). Venture capital, urban renewal projects, interests that p…
1) They are not government economists, it’s an independent body. 2) With increased tax revenue from billionaires a government could choose to reduce the tax burden of non billionaires and keep total taxation the same.
> 1) They are not government economists, it’s an independent body.
Its funded by the EU and NORAD - https://www.taxobservatory.eu/about/
Not exactly neutral parties in 'we need more tax money' circles.
> 2) With increased tax revenue from billionaires a government could choose to reduce the tax burden of non billionaires and keep total taxation the same.
A big IF ... I don't trust government to lower taxes in any regard.
Re: Billionaires should face a minimum tax rate, report says
#10Government economists say the government needs more tax money. Very convincing. Instead of making people dependent on social welfare systems, and funneling money to useless bureaucracies, how about we force the billionaires to put that money to use in the markets? Not just stocks and bonds. Most certainly not NGOs/non-profits (they siphon enough public money). Venture capital, urban renewal projects, interests that p…
Things like venture capital, research, and urban renewal projects could produce new technologies and companies (which might help the economy). However, they wouldn't necessarily do much to address inequality.
It's the difference between making a bigger pie and distributing the pie more evenly. As I see it, the best strategy is to try to balance both approaches.