Progressive Politics

4476 readers

796 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago

MODERATORS

TokenBoomer@lemmy.world

128

To Tax the Ultra-Rich, We Need to Go After Their Wealth—Not Just Income (inthesetimes.com)

submitted 10 hours ago by return2ozma@lemmy.world to c/progressivepolitics@lemmy.world

9 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] dylanmorgan@slrpnk.net 5 points 5 hours ago

Yeah, especially considering that the ultra-wealthy don’t generally collect income. They use assets as collateral for low/zero interest loans and may even claim negative income as a result. We need a wealth tax and banking regulation that prevents the loan trick from working.