and guess what

theyll spend more in the real economy

because they cant pass it on as easily

but also, im not talking about 80% inheritance tax dude

this isnt expropriation we're discussing

we're talking about a reasonably sized tax

Wealth would be accessed other ways

so yes, they still pass on their wealth, but we get a piece of the pie

No, im talking about the ultra wealthy

so am i

Who pay 80% of the taxes

If a person dies without any heirs then they wealth could be seized by the gov

dude im talking about tax RATE

Youre basically creating capital flight

If a person goes to prison their wealth could be confiscated

we're not going to institute an 80% tax rate for inheritance

its going to be something small

In the case of the ultra wealthy this’d give a lot of money

Tell me how this income isnt double taxed? If it comes from a payroll its been taxed already

binkToday at 2:11 PM
If a person goes to prison their wealth could be confiscated

this is an interesting idea

Its been filed under a Scheduled tax return

Why do you want to double tax people

maybe we make it such that if they committed a financial crime, like fraud or whatever, and they get convicted and sent to prison, we get to expropriate their wealth. that would disincentivise legitimately bad behaviour

I thought left wingers were the compassionate ones

So now youre talking about confiscating private citizens wealth

Thats not tyrannical

For bad behavioir

If a person in the wealthy elite is convicted of a crime such as fraud or some heinous crime, then perhaps at least 50% of their wealth could be seized

double tax wealthy people? we're taxing their activity dude. we're not double taxing their income. this is the same with anything in modern society; VAT, excise duty, customs etc

theyre all "double taxes" in some form

and they exist because of evolutionary reasons -> we realised we needed to alter incentives in society

@bink thats a great idea

You cant tax income once a scheduled tax return has been filed unless there has been fraud committed,

and we're not

Also thats pretty much a violation of the bill of rights

we're taxing the activity of inheritance

Ammendment 6

lul

the constitution is in tatters dude

give up

8th