We used to have punishing wealth taxes, but they've been eroded by lobbying and regulatory capture.
The best time for a wealth tax was 40+ years ago, the next best time is 39 years ago. The horse has left the barn people... Billionaires aren't willingly going to give up their fortunes.
We used to have punishing wealth taxes, but they've been eroded by lobbying and regulatory capture.
The best time for a wealth tax was 40+ years ago, the next best time is 39 years ago. The horse has left the barn people... Billionaires aren't willingly going to give up their fortunes.
You're right. So why try, right? Let's just lie down and see if we can hold our breath until die.
Or we try. Whichever.
Cap life time capital gains tax exemptions to $1M. Including principal residence.
Like they're can be a transition plan to avoid huge market shocks but if your housing is an investment it shouldn't be tax free.
Archived article: https://archive.is/y2MXu