Depending on how the wealth tax is structured the "wealth" is most likely aready taxed, so there is no reason to tax it again. People have worked hard for their already taxed money.
Probably not, right? Especially if it's rentier income, they definitely did not work at all for that.
Like nowhere near as hard as a dishwasher or a waiter or a nurse or a bin man.
It's the entire point of a wealth tax, to stop over accumulation of capital by a small minority of individuals. Who generally do sod all but have wealth.
Let's be realistic too, virtually no-one posting on this thread would be affected.
But they're all so brainwashed by rentiers who have bought all the popular media channels that they're anti-wealth tax and defending a position which actively harms them all.
There is already such a thing as capital gains taxes, which would tax rentier income. Most rich people become incredibly wealthy by taking risks, a lot of risks ordinary people don't want to take. So why do you want to take something from those people?
Instead of taxing successful people additionally with a wealth tax, how about creating new opportunities so there are more wealthy people that pay regular taxes, have employees that pay taxes and so on.
The definition of hard work has nothing to do with a wealth tax. But let's play that game; is it more stressful to lead a company 24/7 and make sure your employees get their paycheck even during bad or turbulent times or simply showing up 9-5 as a dishwasher?
24/7? Musk is streaming himself playing PoE and running several different companies. They don't actually work as hard as they claim. And it's not actual hard work. Not hard thinking or hard physical labour. It's all meetings, which is just waffling, sitting around making some usually fairly low impact decisions and not doing much actual work. Why did Facebook win the social media war? It's probably all down to a handful decisions, mostly luck and ruthlessness rather than some great genius.
And no, it's obviously not more stressful then working three minimum wage jobs and still wondering if you're going to be able to make rent this month.
And we already tried the "new opportunity" thing, right? You're basically saying "more of the same". But constant growth due to globalisation is over, we're in a phase where consolidation of capital, and by extension power, is happening at a worrying rate in a tiny minority of people's hands.
And again, it's not you. The billionaires are not on HN. W're not talking about wealth taxes for millionaires, or even low multi-millionaries.
We're talking about the filthy rich. Are you filthy rich?
There's no reason for people to be that rich. They're not that good, they're not special, they're just lucky. Their parents will have invariably already been edging into the filthy rich. And then with a moderate amount of work, a lot of good connections due to that familial wealth, a relatively low amount of stress in the big scheme of things and a massive dose of luck they won the money lottery, and now they're convincing you wealth taxes are bad by brain washing you.
And yet you're arguing for more of the same? Seriously, why?
