Hacker Read

amelius | karma 42902 | avg karma 1.63 · 2021-08-13 10:16:35

A progressive tax.

sp332 | karma 55607 | avg karma 2.75 · 2021-08-13 10:19:48

Taxes usually only apply to income, not assets.

tshaddox | karma 34165 | avg karma 8.68 · 2021-08-13 10:21:58

Income taxes are the ones that apply to income. Other taxes apply to other things, e.g. property taxes apply to property and sales taxes apply to sales.

rtpg | karma 18369 | avg karma 3.39 · 2021-08-13 10:22:14

So wealth tax then! It’s really just a question of finding metrics and then sending people bills to force them to liquidate or whatever

bboylen | karma 153 | avg karma 1.94 · 2021-08-13 10:40:12

And what if the stock valuation crashes before they can pay the bill? On hook for money they don't have?

Seems almost impossible to implement

reply

rtpg | karma 18369 | avg karma 3.39 · 2021-08-14 02:30:59

There are already things in tax law for this kind of stuff. You can write off the losses. If you're rich enough to be hit by this stuff, you're rich enough for an accountant and lawyer to help out with this kind of thing.