• Emily (she/her)@lemmy.blahaj.zone
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    2 months ago

    Maybe a hot take, but I actually think individual progressive taxes are great. Have a generous tax free threshold, but individual taxes stops excessive wealth hoarding and (in the case of inheritance tax) dynasties

    • Cethin@lemmy.zip
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      2 months ago

      I agree, and on inheritance anything over like $1m should be taxed heavily. Anything over say $10m or so should be taxed at or near 100%.

      • blind3rdeye@lemm.ee
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        2 months ago

        Inheritance tax is very good and fair. But a tricky problem is that if one place has a big inheritance tax, and another place doesn’t - then rich people basically just put all their money in the place with no inheritance tax. … We should do it anyway, but it does mean the bulk of that money probably won’t get taxed.

        • Cethin@lemmy.zip
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          2 months ago

          Yeah, the race to the bottom is always an issue. It should still be done, but it needs to be considered.

    • Wes4Humanity@lemm.ee
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      2 months ago

      It’s just an extra step… Everyone gets a paycheck from a corporation of some kind… Instead of hundreds of millions to deal with, the IRS could just focus on the companies