(October 10, 2021 at 2:31 pm)onlinebiker Wrote: You are trying to compare apples and oranges..
A wealth tax on someone with no income - that is assessed each year --- would be exactly the same as the government taking part of your SAVINGS each year - not the interest on your savings.
Of course they are entitled to part of the interest as well....
Yeah, I see the problem and on the surface it doesn't appear to be exactly fair. But if we're talking about the very rich, this wealth had to come from somewhere; it didn't just appear and the fact that they do obscure both their income and their net worth is also unfair to those of us who pay our share of tax. I don't expect this to get any real traction anyway.
Why is it so?
~Julius Sumner Miller
~Julius Sumner Miller