grteLet’s Set a Maximum Wage for the Rich | The Tyee
originaluciferyou dont need a max wage if you tax effectively. it would be 100% past a certain, massive amount.
How does that work when the super rich don’t pay any taxes to begin with? How do you tax wealth? How do you tax loans against shares?
Easy, make capital gains tax match income tax marginal rates.
But capital gains only execute when you sell.
all stock market trades should be taxed at 100% value. dont like it? dont gamble 'invest'
…or just abolish the stock market.
At this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.
And no doubt every other closely-tied economy, as well.
helenslunchDo they get a tax refund when they take a loss as well?