Opinion | Make Billionaires Pay (Their Taxes)
www.nytimes.com
Billionaires are experts at avoiding taxes. By banding together, countries can make them pay up.

For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans.

  • silence7@slrpnk.netOP
    5·
    7 months ago

    Billionaires can liquidate assets to pay taxes as needed — particularly income taxes, where that’s easy.

    • xenspidey@lemmy.zipEnglish
      12·
      7 months ago

      If you took half of all the billionaires wealth in the US it would be worth 1 year of IRS tax revenue. Or two year’s of our deficit. Then what?

      • silence7@slrpnk.netOP
        4·
        7 months ago

        The point is requiring them to pay a higher percentage because they’ve benefitted more from the way society is put together. Not to end all other taxation.