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by chipotle_coyote
2310 days ago
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> First, while some wealthy people remain wealthy, I'd guess there's a much larger impact on people who are becoming wealthy than those who are already super-rich. Given that her proposed tax is for wealth over $50M, I'd guess there is not much impact at all on people who are "becoming" wealthy. > If you don't comply, a bunch of agents will bust down your door at 3 AM and haul you away (see the disturbing number of paramilitary groups many federal agencies now possess). If you resist, you get killed. The number of first-world multimillionaires brutally gunned down by federal agents because they underpaid their tax is indeed countless. I hear this is a real problem in Denmark. > This applies to income tax too, by the way. I couldn't care less how much good you think you can do with it, no one gets to take someone else's stuff because he wants to give it to someone he deems more deserving. Living in a society is quite a tragedy. |
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It's the corporate taxes that hurt the most because in a globalist society those taxes are taxes their competition does not have to pay and therefore can undercut them in price in world markets.