Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Katelew who wrote (411092)	2/16/2011 12:29:38 PM
From: Elroy	1 Recommendation Read Replies (2) of 793587

How would that work? The mechanics of it. It would take a third party assessment of each person's 'wealthy', would it not? It's not that complicated (the wealth tax). France has one. The state takes (I think) 0.6% of what they got. How do you define what they got? Add up bank account, brokerage account, property, etc. Lots of French move to French speaking Switzerland because of it. Bill Gates used to own (before establishing his charity) $30b of MSFT stock. His income/salary was probably $500,000 per year from 1990 tp 2000 (I'm guessing), when his assets rose by billions every year. He didn't sell his stock, so no capital gains, so no tax. if you wanna get the rich, you gotta take their assets, not their income.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next