You don’t see an exodus of homeowners for their property tax.
Why is that? Hmmm? Is it the case that rich people wanna be where money is? And nice services are? Where the culture is? Where the art is? Where their family is? Their friends? Their children’s life?
Show me a study that unequivocally shows that raising taxes leads to mass capital flight. I haven’t seen one yet. At best, its mixed.
They say this about minimum wage “you can’t raise it to $15 business will leave and go under!”
And every fucking time states or cities increase the minimum wage, that doesn’t happen.
A few percent land tax is no comparison to 95% income tax. Also, people at the level of wealth we’re talking about don’t have a lot of income. They have capital gains.
Also, 15$ minimum wage would destroy economies of many places. In California it’s not a big problem. But in bumfuck nowhere with a median income of 25k it will destroy the local economy.
And not one person that has complained about the percentile has asked about what the top bracket would be.
Are you really going to argue that a 95% tax rate on every $1 over $1,000,000 is not comparable to a 95% income tax when fully contextualized to being their one million and first dollar made in a year?
Find me a place where raising the minimum wage devastated a local economy. I legitimately can’t find one so I’m hoping you can help me learn.
Here’s a write up about how Walmart devastated local economies though.
Honestly? The fact that we can even entertain, in America, that a state would have a median income of 25k shows truly just how fucked we are.
So your answer is “Trust me, bro. We don’t need to study this. It’s obvious bro everyone knows or. Just don’t do it. Don’t raise wages bro it’s bad. I promise. Everyone already knows this. There’s no research for it
But we know it’s true. Trust me.”
I just want to make sure I understand your logic correctly.
With 95% income taxed and tax on illiquid assets, you’d see a mass exodus…
Don’t argue against things I didn’t say.
You don’t see an exodus of homeowners for their property tax.
Why is that? Hmmm? Is it the case that rich people wanna be where money is? And nice services are? Where the culture is? Where the art is? Where their family is? Their friends? Their children’s life?
Show me a study that unequivocally shows that raising taxes leads to mass capital flight. I haven’t seen one yet. At best, its mixed.
They say this about minimum wage “you can’t raise it to $15 business will leave and go under!”
And every fucking time states or cities increase the minimum wage, that doesn’t happen.
Stop fucking carrying water for the rich
A few percent land tax is no comparison to 95% income tax. Also, people at the level of wealth we’re talking about don’t have a lot of income. They have capital gains.
Also, 15$ minimum wage would destroy economies of many places. In California it’s not a big problem. But in bumfuck nowhere with a median income of 25k it will destroy the local economy.
https://taxpolicycenter.org/statistics/historical-highest-marginal-income-tax-rates
95 is not that high For 20 years it was over 90
And not one person that has complained about the percentile has asked about what the top bracket would be.
Are you really going to argue that a 95% tax rate on every $1 over $1,000,000 is not comparable to a 95% income tax when fully contextualized to being their one million and first dollar made in a year?
Find me a place where raising the minimum wage devastated a local economy. I legitimately can’t find one so I’m hoping you can help me learn. Here’s a write up about how Walmart devastated local economies though.
Honestly? The fact that we can even entertain, in America, that a state would have a median income of 25k shows truly just how fucked we are.
Yea, you can’t see it anywhere because people know not to do that.
So your answer is “Trust me, bro. We don’t need to study this. It’s obvious bro everyone knows or. Just don’t do it. Don’t raise wages bro it’s bad. I promise. Everyone already knows this. There’s no research for it But we know it’s true. Trust me.”
I just want to make sure I understand your logic correctly.
https://lemmy.world/comment/23949258
I literally quoted you? Just straight up lying now. You sir can fuck off