Thats the point of taxes though. It should keep climbing and earning more should be harder and harder and harder till you just can’t realistically get to that point. Of course as part of this taxes have to be on all earnings for both individuals and corps. non of this capital gains crap.
Well, taxation means fewer billionaires meaning less money in politics meaning more chance for sane people to be elected meaning less guns and genocide.
I mean taxation can be a strong correcting force when applied well.
For example, exponentially increasing the property tax on housing that you don’t live in for a minimum of four months out of the year.
Doesn’t sound too exciting, but landlords would basically be limited to three properties before the economy of scale made hoovering up the entire local housing market impractical, and it also severely puts the rates up on company landlords since it is not possible for them to live in any property, only operate out of one.
End result, massive flood of units onto the open market, lowering housing costs, and costs of living by extension since those usually rise with housing prices as well.
FTFY
It really is high time we started aiming for more than just taxing exploitation.
Thats the point of taxes though. It should keep climbing and earning more should be harder and harder and harder till you just can’t realistically get to that point. Of course as part of this taxes have to be on all earnings for both individuals and corps. non of this capital gains crap.
Glancing at the current genocide in Gaza
If only we’d taxed the Military Industrial Complex, this wouldn’t be happening.
Well, taxation means fewer billionaires meaning less money in politics meaning more chance for sane people to be elected meaning less guns and genocide.
well we are not doing things well be it taxation or like everything else.
Hard truths.
I mean taxation can be a strong correcting force when applied well.
For example, exponentially increasing the property tax on housing that you don’t live in for a minimum of four months out of the year.
Doesn’t sound too exciting, but landlords would basically be limited to three properties before the economy of scale made hoovering up the entire local housing market impractical, and it also severely puts the rates up on company landlords since it is not possible for them to live in any property, only operate out of one.
End result, massive flood of units onto the open market, lowering housing costs, and costs of living by extension since those usually rise with housing prices as well.