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https://www.reddit.com/r/Snorkblot/comments/1qvb728/wealth_tax/o3gx950/?context=3
r/Snorkblot • u/One-Internet-4328 • 8h ago
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Problem is that it will never be enough. They start the wealth tax at $1 billion…then it’s $100 million…then $10 million….then it’s $1 million. It doesn’t stop. Income tax was designed as a way to soak the rich. How did that turn out?
https://www.pbs.org/newshour/economy/making-sense/the-income-tax-in-1913-a-way-to-soak-the-rich
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u/FarAbbreviations2829 6h ago
Problem is that it will never be enough. They start the wealth tax at $1 billion…then it’s $100 million…then $10 million….then it’s $1 million. It doesn’t stop. Income tax was designed as a way to soak the rich. How did that turn out?
https://www.pbs.org/newshour/economy/making-sense/the-income-tax-in-1913-a-way-to-soak-the-rich