jeffw@lemmy.worldM to News@lemmy.world · 1 month ago'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Taxwww.commondreams.orgexternal-linkmessage-square103fedilinkarrow-up1755arrow-down116
arrow-up1739arrow-down1external-link'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Taxwww.commondreams.orgjeffw@lemmy.worldM to News@lemmy.world · 1 month agomessage-square103fedilink
minus-squarejorp@lemmy.worldlinkfedilinkarrow-up11·1 month agoI support a wealth tax as well, but even taxing income aggressively is a good start especially if it includes higher capital gains taxes. I’m not super familiar with US tax law, but in Canada benefits like stock are taxed as income when granted. This would still be great.
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up3·1 month agoWealth taxes are unconstitutional in the United States. It would require an amendment to change that. Capital gains should just be taxed an ordinary income. That would solve a lot of issues such as Medicare, social security, etc.
minus-squareECB@feddit.orglinkfedilinkarrow-up1·1 month agoWhether they are constitutional seems to be a fairly open source of debate currently.
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up1·1 month agoNot sure who those people are but they don’t seem well versed on the topic. If you haven’t read the most recent SCOTUS ruling. It foreshadows their views on the topic. SCOTUS determines want is constitutional. There hs enough case law from scotus to point to wealth taxes as being unconstitutional
I support a wealth tax as well, but even taxing income aggressively is a good start especially if it includes higher capital gains taxes.
I’m not super familiar with US tax law, but in Canada benefits like stock are taxed as income when granted. This would still be great.
Wealth taxes are unconstitutional in the United States. It would require an amendment to change that.
Capital gains should just be taxed an ordinary income. That would solve a lot of issues such as Medicare, social security, etc.
Whether they are constitutional seems to be a fairly open source of debate currently.
Not sure who those people are but they don’t seem well versed on the topic.
If you haven’t read the most recent SCOTUS ruling. It foreshadows their views on the topic. SCOTUS determines want is constitutional.
There hs enough case law from scotus to point to wealth taxes as being unconstitutional