While fellow billionaires rushed to abandon California before a landmark wealth tax snapshot locked in their liability, one of the richest people on earth publicly embraced what could be the largest personal tax bill in state history.
sure i dont mind but rather do land value tax and all of them should have to pay 50% tax as if they liquidated their holdings then at the time of leaving and market value of all assets.
like most wealth tax that is. income tax based then. 5% isnt even much remove income tax instead
thing is the closest easiest tax to implement that would target the elite networth is the land value tax not wealth tax because they cannot move land. it literally is right there cannot be hidden. they may argue about the value but they cannot escape. its the least bad tax as well. but homeowners keep on complaining like little girls that boomers cant pay for it except boomers have already been bailed out by 2-3 generations already they stole futures from and now they still complain whine moan while voting for nimby policies they are literally destroying multiple generations putting them and us all into slavery for their own gain because they are the most spoiled brat generation to have ever walked the earth.
so sick of it.
just tax them until they all go bankrupt. 20% lvt will cover income tax and sales tax for the whole country
Taxes are how to get rid of billionaires. Tax the rich!
sure i dont mind but rather do land value tax and all of them should have to pay 50% tax as if they liquidated their holdings then at the time of leaving and market value of all assets.
like most wealth tax that is. income tax based then. 5% isnt even much remove income tax instead
A tax aimed at their worth would help
thing is the closest easiest tax to implement that would target the elite networth is the land value tax not wealth tax because they cannot move land. it literally is right there cannot be hidden. they may argue about the value but they cannot escape. its the least bad tax as well. but homeowners keep on complaining like little girls that boomers cant pay for it except boomers have already been bailed out by 2-3 generations already they stole futures from and now they still complain whine moan while voting for nimby policies they are literally destroying multiple generations putting them and us all into slavery for their own gain because they are the most spoiled brat generation to have ever walked the earth.
so sick of it. just tax them until they all go bankrupt. 20% lvt will cover income tax and sales tax for the whole country