by criley2 | 2025-11-15 20:49:50+00:00
>Increase the % as you wish.

1% is your number. Feel free to tell me the magical wealth tax % that fixes all income inequality and maintains strong ability to own private businesses. This is your argument and it's lazy to tell me to do your work for you.

>My whole point is that its a problem that needs to be solved. How we can solve it is a great thing to discuss. Your entire argument so far is that it can't be solved. Which I don't agree with.

Yes, I think that your wealth tax cannot solve the problem unless it tips away from capitalism towards socialism, e.g. destroy billionaires ability to have control over private industry and broaden the base of ownership or make it public. Maybe you have a magical % wealth tax that fixes everything, I'll wait for your thesis.

>And for some reason you just ignore some points. eg. property taxes: "in 2023, approximately $363 billion in property taxes was collected on single-family homes across the United States. Property taxes generally account for about 10-11% of total U.S. tax revenue.". You said "Most middle class folks would never end up owning their home.". Turns out thats not true.

This is not a place to have expansive multi-point debates. I'm not ignoring anything, I'm having targeted discussions on major points. Again, property taxes are NOT universal in the US and are largely balanced by income taxes. States with high property taxes generally have low/no income taxes and vice versa. And yes, property taxes have had a strong effect in lowering home ownership. In China, over 70% of millenials own a home (no property taxes). In America, less than half of millenials own homes (high property taxes).

Another point I neglected to reply to because these replies get way too long: European regulation is bad on businesses because corrupt billionaires aren't in place to stop it. Can't you see that regulation and private power go hand in hand? A government strong enough to force billionaires to not get richer and instead spread the wealth is a government strong enough to regulate the heck out of businesses. Given power, it will be used.

>Tax the billionaires. You seem to think the current trend is bad as well. You just happen to think my suggestions to fix it is bad. That's fine. But I think its a better constructive use of your time trying to think of better ideas than give up.

We do tax billionaires and the wealthy! The top 1% of Americans pay 25% of all revenue. The bottom 50% pay roughly 3% of all revenue.

Please forward your taxation thesis that 1) solves wealth inequality 2) preserves the ability to own large businesses. And no, forcing a business owner to sell their shares to retail investors and hedge funds does not preserve business ownership, it guarantees that citizens will eventually be forced out of their own businesses that they start.

My thesis is simple: Skin the cat. Blow up their ownership. Prevent them from owning large businesses. Use the power of government to jail them and disappear them until they bow before a government of the people. Or accept the system for what it is. But half measures? Fiddling with minor taxation numbers? Get real, that's controlled opposition that prolongs their reign.