The small tax rates against unrealized gains are not only for the common folk, rich people own real estate too. Sometimes up to a dozen homes worth dozens of times more than a small family home each.
The unrealized gains tax on investments would also impact the vast majority of “common folk.”
Indiscriminate taxation will not fix our system. We need to tax the rich, not the rich and the poor equally. If anything we should have a negative income tax on the poor.
small tax rates against unrealized gains are not only for the common folk, rich people own real estate too
Then let me rephrase it.
Common folk are taxed on unrealized gains for their two most valuable properties, their house and car. Why shouldn’t wealthy people pay analogous tax on their most valuable properties, regardless of what those are?
The small tax rates against unrealized gains are not only for the common folk, rich people own real estate too. Sometimes up to a dozen homes worth dozens of times more than a small family home each.
The unrealized gains tax on investments would also impact the vast majority of “common folk.”
Indiscriminate taxation will not fix our system. We need to tax the rich, not the rich and the poor equally. If anything we should have a negative income tax on the poor.
Then let me rephrase it.
Common folk are taxed on unrealized gains for their two most valuable properties, their house and car. Why shouldn’t wealthy people pay analogous tax on their most valuable properties, regardless of what those are?
They should be, who the fuck said otherwise?