For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion.
You want to tax existing assets? How on earth is that supposed to work? You just make people liquidate assets to pay a tax? The idea of taxing an unrealised gain is ridiculous
For the record he is paying 200M in tax on that income. Though I agree 20% is probably too low here, that’s up to your govt to fix and isn’t a failure of capitalism but of the specific implementation
Yes, I would make people sell off excess property to pay taxes, why not? It would take some fine tuning of course byt how else are you willing to fight the wealth gap?
You want to tax existing assets? How on earth is that supposed to work? You just make people liquidate assets to pay a tax? The idea of taxing an unrealised gain is ridiculous
For the record he is paying 200M in tax on that income. Though I agree 20% is probably too low here, that’s up to your govt to fix and isn’t a failure of capitalism but of the specific implementation
Yes, I would make people sell off excess property to pay taxes, why not? It would take some fine tuning of course byt how else are you willing to fight the wealth gap?