Devide
verb
Obsolete form of divide.
Everyone in this thread should support an inheritance tax
It is not a "death tax" it's a tax on unearned, undeserved income
this post was submitted on 15 Jan 2025
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Isn't that what taxation pretty much does? Takes money and redistributes it?
Not in the US at the federal level. Taxes are an anti inflationary device when dealing with a sovereign currency. It's the last step of the fiscal year. Step one is literally printing money, step two is distribution of those funds, step three is to allow the money to circulate between businesses and people, and then step four at the end of the year is to levy taxes to combat inflation. They used to literally burn the dollars they collected, now they just zero out an entry in a ledger.
but how will we pay for <anything that's not increased military spending>???
talk about social services and taxes are like a bake sale, talk about funding war and it's what you describe
That's more due to political will, than the economics of the system
oh competely agreed, I'm just pointing out the dishonest framing by politicians and pundits
I suppose OP is proposing a wealth tax.
I think it's more about Socialism than taxation.
Ostensibly, but if you ask any billionaire about it they'll just suppress a laugh
Stop letting them borrow against it.
No, no, no. Just like a tax on unrealized gains is a bad idea because of how much it would royally fuck up the stock market, including every 401(k). What they need to do instead is tax the ways used by the extremely wealthy to utilize their gains without technically realizing them, even if that sometimes means taxing debt (aka treating it as income when they borrow against it and taxing accordingly).
Yes, changing the status quo is going to require some sacrifice. But we have more to gain by seizing their wealth than we do by protecting our crumbs.
But their nephew’s painting on the wall is worth a million bucks.
Come on man you can’t even spell divide
I came here to lead, not to read!
It's gold, not lead
Yes, the same people who couldn't get past the DNC to get Bernie nominated are certainly going to ge able to redistribute all the wealth.
It's not "their" money. It's our communal wealth, stolen and privatised
It's 100% their money. They control its rules, and it's designed to make them rich at our expense. Their money is part of how they steal our wealth.
The rich will just come up with clever ways to get paid that avoids paying tax.
Land value taxes are immune to tax evasion. It's assessed by the state instead of declared by the taxpayer.
How would you tax a software company that has remote work and runs on someone else's servers?
The land they need could probably be a small single office room and a letter box.
Edit: sentence structure
People here use farm land to pay less tax, ie for inheritance.
Devide
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