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Let’s Set a Maximum Wage for the Rich | The Tyee (thetyee.ca)
submitted 8 months ago by grte@lemmy.ca to c/canada@lemmy.ca
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[-] BedSharkPal@lemmy.ca 4 points 8 months ago* (last edited 8 months ago)

To be fair, there are a number of countries that already have a wealth tax. So it wouldn't be some insurmountable concept.

[-] MondayToFriday@lemmy.ca 1 points 8 months ago

Wealth that's just sitting there is hard to assess and therefore easy to game. What's the value of a piece of art? It's far more practical to tax transactions and realized gains, when money changes hands.

[-] Aux@lemmy.world 0 points 8 months ago

There are less and less of them because taxing wealth doesn't work.

[-] BedSharkPal@lemmy.ca 2 points 8 months ago

That's a theory I suppose. Another theory might be the wealthy influencing policies to have the tax removed. No idea if either are true.

this post was submitted on 26 Feb 2024
564 points (92.7% liked)

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