Email or username:

Password:

Forgot your password?
Michał "rysiek" Woźniak · 🇺🇦's posts Post Back to profile
Top-level
Leszek Karlik

@hq1 @rysiek @wikiyu

A lot of money is spent on convincing people that wealth taxes don't work because the wealthy can escape to another state.

And then when wealth taxes are implemented they prove to work, because moving has a significant cost, and if your wealth is built on local networks of power, which it frequently is, moving also destroys wealth.

14 January at 16:53 | Wall-to-wall | Open on circumstances.run
4 comments
Adam

@Leszek_Karlik

Curious to learn about any examples. Can you cite some? Again, not trying to be cynical/sarcastic

@rysiek @wikiyu

14 January at 16:56 | Open on fosstodon.org
Adam

@Leszek_Karlik

> And then when wealth taxes are implemented they prove to work (…)

I meant that specifically, you made it sound like it has happened somewhere in the world? Genuinely no idea. I share the wishful thinking, if that’s what it is.

@rysiek @wikiyu

14 January at 17:14 | Open on fosstodon.org
Michał "rysiek" Woźniak · 🇺🇦

@hq1 90% top tax rate in the USA before 1964 or so. That's one of the things that helped end the Great Depression and create the post-war prosperity.
en.wikipedia.org/wiki/History_

@Leszek_Karlik @wikiyu

14 January at 17:16 | Open on mstdn.social
mhack

@hq1 @Leszek_Karlik @rysiek @wikiyu

New York decided to increase taxes on the most wealthy, the only people leaving New York are the people that can't afford housing prices.

"The report also found that affluent residents who left New York did not appear to have been driven away by recent tax increases."

nytimes.com/2023/12/05/nyregio

14 January at 18:20 | Open on kolektiva.social
Go Up