All this talk about eat the rich is rooted in “they don’t pay (income) tax, this isn’t fair!”. The problem isn’t the billionaires, its that we have INCOME TAX. Tax only goods and services and everyone becomes equal.
Everyone is all upset because billionaire pay little to no tax. Then tax only when you spend. That levels the playing field. If you buy big you pay big – mansions, yachts (looking at Bezos), and all the super cars = billionaires are paying more tax. Don’t let those things be considered expenses for the corp so they are not classified as tax free. Make corps pay taxes on raw materials/expenses.
Its absolutely retarded to tax unrealized gains. Essentially they take mine and everyone else’s money because its not the billionaires money until they sell. These dudes are worth a lot but only if they sell their shares.
This would also help with the whole “they take loans out on their theoretical value” argument out of the pic.
I’m curious as to what this excellent group of people would think of this idea.
Article from r/Libertarian: For a Free Society