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.
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?
I don’t really care if there is a wealth gap. Even though I’m definitely on the lower income side
What I think we should focus on instead is making sure everyone’s base line needs are met. So healthcare (including dental), housing, food, etc. And I don’t think you need to tax wealth to do it, rather you’d be better off closing off issues in the current tax system and increasing taxes in the upper brackets
For the lower tax brackets you could even implement a negative tax rate to achieve it without having to resort to a blanket system like UBI
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?
I don’t really care if there is a wealth gap. Even though I’m definitely on the lower income side
What I think we should focus on instead is making sure everyone’s base line needs are met. So healthcare (including dental), housing, food, etc. And I don’t think you need to tax wealth to do it, rather you’d be better off closing off issues in the current tax system and increasing taxes in the upper brackets For the lower tax brackets you could even implement a negative tax rate to achieve it without having to resort to a blanket system like UBI