jeffw@lemmy.worldM to News@lemmy.world · 4 months ago'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Taxwww.commondreams.orgexternal-linkmessage-square102fedilinkarrow-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 · 4 months agomessage-square102fedilink
minus-squarejorp@lemmy.worldlinkfedilinkarrow-up11·4 months 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-up3·4 months 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-up1·4 months agoWhether they are constitutional seems to be a fairly open source of debate currently.
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up1·4 months 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