Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: should we be taxing earnings...or should we be taxing wealth? [View all]deathrind
(1,786 posts)52. We should be closing loop holes...
...and exemptions that allow for US based corporations to park earnings offshore in order to avoid paying the taxes that should be paid on those earning.
Edit history
Please sign in to view edit histories.
131 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
That doesn't keep people from challenging equally daunting odds and paying for the privilage of
AScott
May 2014
#24
Congratulations! You have discovered that humans are not rational self-interested agents!
Donald Ian Rankin
May 2014
#26
I recall a story that said the poor spend (on average) 9% of their income on the lottery.
AScott
May 2014
#103
plus alot of people are lazy - they dont think their vote maters - they feel the 2 parties are
leftyohiolib
May 2014
#35
i never questioned the reason to vote it seems to me that you have only one way
leftyohiolib
May 2014
#82
areas get gerry-mandered BECAUSE people sat home in census years like 2010. but just sit
leftyohiolib
May 2014
#88
Many don't vote because they have been convinced that their vote doesn't matter
liberal N proud
May 2014
#23
yes that is what i meant and youre correct it's just income and now to quote gov perry "oops"
leftyohiolib
May 2014
#30
Periodic appraisals of real estate, bank account and mutual fund balances, cars...
reformist2
May 2014
#72
there is alot of wealth in this country and the u.s. should go after it - the u.s. created the
leftyohiolib
May 2014
#4
idk but i refuse to think it cant be done -records of sales are kept and could be recorded in a data
leftyohiolib
May 2014
#66
you were expecting a soultion to this problem in 5 minutes from people on a discussion board?
leftyohiolib
May 2014
#85
Several countries have a wealth tax including France and Spain. So to find out 'how' a person
Bluenorthwest
May 2014
#94
Granted, but do you really believe that 98% of someone's previously owned wealth should be taken
AScott
May 2014
#55
A 98% confiscation of wealth over 25 years is exactly what your OP proposes, so...
AScott
May 2014
#92
Is 98% of accumulated wealth being confiscated a "fair share" over the course of 25 years?
AScott
May 2014
#99
The thing is, if you start taking "wealth", which in Bill Gates's case would mean his shares of....
A HERETIC I AM
May 2014
#74
No, in fact I think I made it explicitly clear that I DON'T think his money is under his mattress
A HERETIC I AM
May 2014
#115
You Ignore Items Like Stocks, Bonds, Notes, And The Like, Which Are the Bulk Of Wealth, Dir
The Magistrate
May 2014
#28
So, assuming a moderate return on investment, in 10 years all the "wealth" would be gone.
pnwmom
May 2014
#13
I love saving for my retirement especially with the interest on savings of 0.000000000000001% lol nt
msongs
May 2014
#49
Your proposed method of taxation would reward people for wasteful spending, accruing nothing,
pnwmom
May 2014
#20
With this approach, the very rich would end up holding their wealth as gold bars in basement vaults,
Nye Bevan
May 2014
#29
You'd probably have no tax. A flat tax on wealth would free the middle class of all taxation.
reformist2
May 2014
#61
Wealth isn't cash. Few wealthy people keep their money liquid. It wouldn't work.
Xithras
May 2014
#40
I'm sure we could manage a transition. The key question is whether a wealth tax is fairer. It is.
reformist2
May 2014
#63
I'm with you in concept, but much of "wealth" is based on paper -- like value of stocks or real
Hoyt
May 2014
#69
This will be fun. Each year the poor people can sell off any valued posessions
hughee99
May 2014
#91
Wouldn't this problem be best dealt with through taxing capital gains and inheritance taxes? /nt
Marr
May 2014
#98
ALL bonuses in transnational corporations. ALL tax haven money collected on pain of prison.
ancianita
May 2014
#101