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Cake day: January 30th, 2026

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  • sahin@lemmy.worldOPtoShowerthoughts@lemmy.worldIncome Tax Is Theft
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    20 hours ago

    Income tax is work tax. You are paying 30% of your labor every month. Don’t you get it? When you tax wealth and not work, a person with a billion dollars, gets taxed 20 million dollars a year, while a person with no wealth and gets 3K dollars a month, doesn’t pay taxes, because he is poor af.
    Currently, Billion dollar guy pays nearly nothing even though this won’t effect his life much, while the worker pays 1K a month even though he needs it to live.







  • sahin@lemmy.worldOPtoShowerthoughts@lemmy.worldIncome Tax Is Theft
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    1 day ago

    Wealth has a value, land can be valued easily, we have data for years all around websites and in government about the lands everywhere. The houses are also like this. You can value a company by the factories it has people it employs etc, money it earns etc. This three is more than enough. The rest of wealth may not count, it is not important.
    You cant fix loopholes without taxing all billionaires until none exists, because they will constantly bribe government. Even if you fixed loopholes, they will create intentionally.



  • sahin@lemmy.worldOPtoShowerthoughts@lemmy.worldIncome Tax Is Theft
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    1 day ago

    They are already doing this. 'Spending faster than they earn" you are still thinking like income tax. They need to spend their wealth. Staying in debt, like they need to borrow money, what are they gonna do with the money? They still need to buy something which increases their wealth.

    So, think about wealth, not income. If you think like this, we will never be able to tax the rich. If that’s what you want, Idk


  • sahin@lemmy.worldOPtoShowerthoughts@lemmy.worldIncome Tax Is Theft
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    1 day ago

    Like, 75% of billionaires get it by inheritance. Wealth can increase without income, Elon Musk doesnt have an income, it has wealth. A person with a land that 100x’ed in 10 years doesnt have an income, but his wealth increases.
    Elon buys Twitter without liqudating his wealth. Similarly, every rich does it. The taxes are mostly paid by the workers, while the rich pays near 0 tax.
    You get me?
    When you tax wealth, not work, a person with 30K a year income, now has 40K, while the house he wants to buy was 200K, now 150K because people dont want to pay this tax, and they sell their 100 houses.