• Peaty@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      My solution is higher marginal tax rates and estate taxes because those do work.

      Your confidence is misplaced because you clearly demonstrate that you have no idea what you are talking about. You can change that if you want to appear like you have a valid opinion.

        • Peaty@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          Those are income taxes not wealth taxes. Income is the money you are making in x amount if time. Wealth is the total summation of everything you have.

          If you don’t know the difference between them you shouldn’t be talking about economics at all. It would be like not knowing what a baseball is versus a baseball bat and then maintaining your take on the infield fly rule is correct.

            • Peaty@sh.itjust.works
              link
              fedilink
              English
              arrow-up
              1
              ·
              1 year ago

              That is not a stupid distinction. It is vastly easier to assess income than wealth.

              If you have enough wealth to be covered by a wealth tax you have an income. Wealth at high levels generates a passive income so anyone covered by a wealth tax would be covered by income taxes.

              I don’t mean to be harsh but you honestly don’t know enough to be part of an informed conversation on any economic or financial topic if you cannot understand the differences between wealth and income.

              Are you old enough to work?

                • Peaty@sh.itjust.works
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  arrow-down
                  1
                  ·
                  1 year ago

                  Ok so if you are old enough to hold a job then you should address the colossal gap in knowledge about finances unless you are immanently terminal.

                  Im not being snarky if you don’t know the difference between wealth and income you likely need to learn a bunch about finance so that retirement isn’t just a mythical dream for you.