Real estate is ALWAYS part of wealth. Most people want to tax wealth starting at 500k, so your parents will pay it 100%. But here’s a trick, wealth estimations will be done by the government on an annual basis and will change based on who’s in charge. One year you might have 1m wealth and next year you might have 2m out of thin air. Because wealth is not money, it’s an imaginary number.
P.S. And it’s more like your parents don’t speak to you, because you are a 13yo kid in an adult body.
I got to the end of my dumbass comment and was reminded that this was why no one talks to me, so I felt the compulsion to lash out in anger at the smallest possible display of empathy
Yes, however no one is specifically calling on land owners to be taxed.
Most people want to tax wealth starting at 500k, so your parents will pay it 100%.
Also wrong, the common consensus in the U.S. is that you should be taxed if you make over 400k a year. Make over 400k, anyone paying attention recognizes how this is just going to be circumvented by the current tax loopholes already in place.
But here’s a trick, wealth estimations will be done by the government on an annual basis and will change based on who’s in charge. One year you might have 1m wealth and next year you might have 2m out of thin air.
Please name a single time that the U.S. treasury has gone ‘actually the dollar is worth double what it’s worth’ . Please, I would like you to point to that happening. And if you’re referring to markets fluctuating as a result of a new presidency, holy shit I’m not explaining how that has nothing to do with the government ‘deciding’ the value of a currency.
P.S. : you come off like an asshole, an asshole that barely knows what they’re talking about.
Nobody asked me but I am specifically calling for a Land Value Tax. Land values are already part of state-level property tax assessments, which are relatively stable and don’t double over a year.
We already tax wealth a little bit and it works great. We should do it more!
Very few are discussing a wealth tax, and when they do, it’s usually on net worth over 10mil.
The 500k is annual income, which you don’t magically generate from owning a few houses. And yeah, people making that much annually should be paying a higher percentage tax compared to a public school teacher or barber, etc, but due to corruption and lack of regulation they don’t always do so.
Real estate is ALWAYS part of wealth. Most people want to tax wealth starting at 500k, so your parents will pay it 100%. But here’s a trick, wealth estimations will be done by the government on an annual basis and will change based on who’s in charge. One year you might have 1m wealth and next year you might have 2m out of thin air. Because wealth is not money, it’s an imaginary number.
P.S. And it’s more like your parents don’t speak to you, because you are a 13yo kid in an adult body.
What the fuck was that last sentence? Why the fuck would you assume about someone you never met, that their parents cut them off?
Thats some mean-spirited, personal shit you got going on. Like a bitch.
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Plot twist, it’s the parents.
Yes, however no one is specifically calling on land owners to be taxed.
Also wrong, the common consensus in the U.S. is that you should be taxed if you make over 400k a year. Make over 400k, anyone paying attention recognizes how this is just going to be circumvented by the current tax loopholes already in place.
Please name a single time that the U.S. treasury has gone ‘actually the dollar is worth double what it’s worth’ . Please, I would like you to point to that happening. And if you’re referring to markets fluctuating as a result of a new presidency, holy shit I’m not explaining how that has nothing to do with the government ‘deciding’ the value of a currency.
P.S. : you come off like an asshole, an asshole that barely knows what they’re talking about.
Nobody asked me but I am specifically calling for a Land Value Tax. Land values are already part of state-level property tax assessments, which are relatively stable and don’t double over a year.
We already tax wealth a little bit and it works great. We should do it more!
I think that, without many things changing first, that would be a great way to cause a lot of people to lose their homes.
Plenty of house poor folks who are just trying to keep their home/land. They would need to be considered too.
Land Value Tax, not a parcel tax. Most of the revenue would come from cities.
Guy who doesn’t understand what a homestead exemption is
Bro, go get a hug.
Ever heard of “market value”?
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Very few are discussing a wealth tax, and when they do, it’s usually on net worth over 10mil.
The 500k is annual income, which you don’t magically generate from owning a few houses. And yeah, people making that much annually should be paying a higher percentage tax compared to a public school teacher or barber, etc, but due to corruption and lack of regulation they don’t always do so.
Who are these invisible people?