No. of Recommendations: 8
Wow, listen to you. The billionaires can always buy the politicians?
"Always?" Not always, of course. But given history, it's not unreasonable to think that the rich and powerful will be able to exercise the perquisites that come from being rich and powerful.
Plus, inertia is one of the most powerful forces in both politics and history. Sure, great changes are possible - but for the most part, most things that are happening now will continue to happen in the near future.
Let's actually tax the super-rich do you oppose that concept?
The concept? Not at all. I think the super-rich should be taxed, just as nearly all people should be taxed. The concept that the super-rich should not be able to avoid taxation through various mechanisms (like not realizing gains) is a bad concept.
The problem, though, is in translating the concept of "the rich should be taxed on unrealized gains" into an actual tax system in the real world where the benefits are more significant than the downsides.
