this post was submitted on 19 Aug 2025
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[โ€“] Elkenders@feddit.uk 3 points 1 month ago (1 children)

I don't quite follow. I agree that wealth doesn't trickle down and tbh I can't tell if we agree or not generally. I can't quite follow. I think the wealthy should pay a wealth tax.

[โ€“] deadcatbounce@reddthat.com 1 points 1 month ago* (last edited 1 month ago)

The wealthy have the resources and access to professionals not to pay tax. So they don't.

I agree that they should pay tax, but they don't. It is how/what it is. Good luck with getting them to pay a wealth tax over and above.

There are two main things that seem to work:

  1. Having taxes at low levels for everyone generally. The expense and hassle of untangling the last set of measures and re-tangling to avoiding low levels of tax simply isn't worth it.
  2. After a two or sometimes three generations, the wealth is frittered away by overindulged children, messed up childhoods and their access to drugs and alcohol in lieu of parents. Sometimes the children are so wealthy, well-educated and taught to wealth preserve that that doesn't happen.