Quote:
Originally Posted by Mathgod
Sigh. Was hoping this would get an honest conversation going, but so far all that's been offered is a bunch of trickle down economics, bootstraps kind of stuff. Am I really the only one on CP who sees a serious problem with the wealthy tip toeing around the tax laws like this, especially during a time when governments are running record deficits?
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I think you focus too much on 'omg the wealthy have too much money, we should tax them more' without realizing that more tax doesn't mean more tax revenues, which is what the goal should be.
One thing we should tax a lot more, if something we have a lot more of than most people.
Real estate such as 2nd, 3rd or 4th home purchases, any kind of fund or fund management company buying real estate holdings (hedge funds buying entire housing lots), and land being bought by corporations that don't actually farm / manage it.
There are a variety of ways one could do this, but I personally see a lot of rich people drive up the amount of assets they own simply by buying more land.