alt Hacker News> tax wealth
How are all of the old people living off of social security going to pay the wealth tax on their million dollar homes?
> tax wealth
How are all of the old people living off of social security going to pay the wealth tax on their million dollar homes?
Also, we already “properly” tax equity wealth. We tax income at the time it actually exists. We don’t tax notional valuations.
It makes no sense to tax shares of e.g. SpaceX when the company is $42 billion in the hole. What’s really happening is that people wants to tax future income today.