So, I work hard, my ass off, 5 days a week, 11 months a year, and I pay 1/3 or 1/4th of it so that pidophiles dont pay taxes.
Income tax, VAT, property selling tax are all theft. There is no logic behind it.
The taxes that should exist is: Wealth tax, nature tax for the businesses that damage nature, and that is it. And no tax should be over 5%.
Wealth tax: 0%, income tax: 30% this is unacceptable. You either pay no taxes or you pay everything as tax.
I actually calculated it, and yearly 2.5% of wealth tax should be enough. And also, countries have a lot of resources, that also can help their budget, like mines or rented lands that are owned by government etc.
If we taxed wealth, not work, we could buy our houses way easier, we could buy land way easier, we could find a job way easier because we are not gonna pay income and vat, businesses will be able to hire people freely, and everybody can own a business easily. Nowadays, if you are poor it is so hard to create a business. You have a lot of expenses.
I think you’re getting downvoted into oblivion because people are reading your headline and not your post?
There’s nothing to argue with in your message. I don’t know the particulars of your income/tax situation…but, yeah, if the people with all the money paid appropriate taxes…then many actual working people wouldn’t need to, and society would be more healthy. You’d still be paying a ton of excise taxes.
I’m in favor of a land value tax. See Georgism.
But most land owners already pay land taxes every year. And the amount of tax you pay depends upon the value of the land. 20 years ago I bought a little house way out in the fucking middle of nowhere, cuz that’s all I could afford. Now, the area around me has suddenly become a hotspot for development and I am paying 4x what I was originally paying.
The real problem, as others have stated, is the loopholes that give companies special rights and privileges.Yes, defitinitely. Land is the biggest wealth
Broke: Taxation is theft, therefore it’s bad.
Woke: Taxation is not theft, so it’s okay.
Bespoke: Taxation is theft but stealing from the capitalists is good, therefore taxing the rich is good.
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I know that taxing the rich isn’t anywhere near enough lol 🏴🏴🏴🏴🏴
Yes, That’s what I am talking about. Income tax, is taxation of the poor
This is right-wing bullshit to excuse billionnaires getting richer and richer. Proper income tax is progressive and spares the proletariat.
What you want is to maximalise the net disposable income, with universal, accessible, excellent, and free: education, health- and childcare for all throughout life, a rehabilitative judicial system, decent and affordable housing, and excellent public transit with preservation of nature.
For that, we must remove all billionnaires. Trade unions must cooperate with the armed labourers and disarm the elite.
Voodoo economics has never worked. So then we must tax land, inheritance, wealth, income, and dividend. And for all these, we must make it equal for all;
• exemption for the most impoverished and marginalised
• a small contribution by the more prosperous
• multimillionnaires and billionnaires pay it all.and additionally, tax haven & capital flight must be punished and combatted. We must also combat the toxic idea of one’s worth being dependent on money: it must be on how much one helps society. we must control the narrative, and that must be positive for the liberation of all workers.
I guess your utopia doesn’t come with stuff like free education and healthcare not to mention social safety nets.
Also, not a shower thought.
It comes with stuff like that, because since everybody will have similar wealth, what matters for the most people will be applied.
In the current system, yeah. It’s just extortion of the poor.
Inherently, though, taxes are good. They just need to actually be collected fairly and proportionally, which, again, the current system does not do because it is corrupt.
Taxes are good, income tax isn’t
What is the difference between income tax and your “wealth” tax?
Is it not just the exact same thing, but applied at a different point in the process?
If you’re about to answer that wealth can increase in value without income… That’s still income. Which a lot of countries do tax when someone goes to liquidate an asset that has appreciated in value.
Like, 75% of billionaires get it by inheritance. Wealth can increase without income, Elon Musk doesnt have an income, it has wealth. A person with a land that 100x’ed in 10 years doesnt have an income, but his wealth increases.
Elon buys Twitter without liqudating his wealth. Similarly, every rich does it. The taxes are mostly paid by the workers, while the rich pays near 0 tax.
You get me?
When you tax wealth, not work, a person with 30K a year income, now has 40K, while the house he wants to buy was 200K, now 150K because people dont want to pay this tax, and they sell their 100 houses.And would a “wealth” tax not have an inherent loophole in that the “rich” could avoid paying tax by simply spending faster than they earn, or even staying in debt, as many “milllionares” do?
And would it not punish poor people who try to save up, by taxing them more the more they save up?
Would it not make renting vs owning even more of a problem? Poor people would be encouraged to rent as much as possible in order to have as little “wealth” as possible? While the rich could continue to charge whatever they want to cover the costs.
They are already doing this. 'Spending faster than they earn" you are still thinking like income tax. They need to spend their wealth. Staying in debt, like they need to borrow money, what are they gonna do with the money? They still need to buy something which increases their wealth.
So, think about wealth, not income. If you think like this, we will never be able to tax the rich. If that’s what you want, Idk
They are already doing this. 'Spending faster than they earn"
Yea. I said that.
as many “milllionares” do
you are still thinking like income tax
What do you mean by income tax? Because clearly you aren’t understanding what I mean.
I mean ALL income. Of any kind. No loopholes. The problem isn’t conceptual. It’s practical. The law hasn’t kept up with the bookkeeping shenanigans the rich get up to. In fact, the rich actively influence current legislation to their benefit.
You’re arguing for a complete conceptual shift for no reason, when the actual problem is corruption.
What’s really needed, is just look at how the rich are avoiding taxation, and closing the legal loopholes they use. Which your “wealth tax” won’t do. Especially as “wealth” doesn’t actually have a value until it’s bought or sold.
Wealth has a value, land can be valued easily, we have data for years all around websites and in government about the lands everywhere. The houses are also like this. You can value a company by the factories it has people it employs etc, money it earns etc. This three is more than enough. The rest of wealth may not count, it is not important.
You cant fix loopholes without taxing all billionaires until none exists, because they will constantly bribe government. Even if you fixed loopholes, they will create intentionally.
That doesn’t answer my question.
A workers salary ≠ Income
It’s one form of it.
Stocks are income. Inheritance is income. Land appreciation is income. If you give me 50 bucks as a gift, that’s income.
How is your conceptual wealth tax, not just the same as what income tax should already be?
The problems you list are all loopholes in the applicable laws, not income tax as a concept.
You get me?
Yeah, I hate the whole “taxation is theft” argument. Motherfucker, taxation is cooperation. I want our roads paved, our children educated, our people healthy, our science interesting and our infrastructure strong. I’m willing to chip in for that.
I do agree with OP though that the current system and government is fucked.
