sahinFeb 4

Income Tax Is Theft

https://lemmy.world/post/42651010

Income Tax Is Theft - Lemmy.World

So, I work hard, my ass off, 5 days a week, 11 months a year, and I pay 1/3 or 1/4th of it so that pidophiles dont pay taxes. Income tax, VAT, property selling tax are all theft. There is no logic behind it. The taxes that should exist is: Wealth tax, nature tax for the businesses that damage nature, and that is it. And no tax should be over 5%. Wealth tax: 0%, income tax: 30% this is unacceptable. You either pay no taxes or you pay everything as tax. I actually calculated it, and yearly 2.5% of wealth tax should be enough. And also, countries have a lot of resources, that also can help their budget, like mines or rented lands that are owned by government etc. If we taxed wealth, not work, we could buy our houses way easier, we could buy land way easier, we could find a job way easier because we are not gonna pay income and vat, businesses will be able to hire people freely, and everybody can own a business easily. Nowadays, if you are poor it is so hard to create a business. You have a lot of expenses.

Show thread🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 Feb 4

In the current system, yeah. It’s just extortion of the poor.

Inherently, though, taxes are good. They just need to actually be collected fairly and proportionally, which, again, the current system does not do because it is corrupt.

Show threadsahinFeb 4
Taxes are good, income tax isn’t
Show threadMentalEdgeFeb 4

What is the difference between income tax and your “wealth” tax?

Is it not just the exact same thing, but applied at a different point in the process?

If you’re about to answer that wealth can increase in value without income… That’s still income. Which a lot of countries do tax when someone goes to liquidate an asset that has appreciated in value.

Show threadsahinFeb 4
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.
Show threadMentalEdge

That doesn’t answer my question.

A workers salary ≠ Income

It’s one form of it.

Stocks are income. Inheritance is income. Land appreciation is income. If you give me 50 bucks as a gift, that’s income.

How is your conceptual wealth tax, not just the same as what income tax should already be?

The problems you list are all loopholes in the applicable laws, not income tax as a concept.

You get me?

Feb 4 at 12:12pmWeb