I am once again begging everyone to understand income taxes are not the problem. Fix the ability to borrow against assets above cost basis and cost basis step up for estates and 90% plus of this problem goes away.
Mippo 🟪
Mippo 🟪23 tuntia sitten
I am generally pro capitalist and have very little sympathy for the Mamdani/AOC/Sanders strain of socialism. However, there comes a point where the wealthy few own simply too much and it produces an unstable equilibrium from a social perspective. It doesn’t even matter what’s fair, just matters how humans behave when resources are so unevenly divided. There are only a few ways of resolving this, none of them particularly happy.
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