With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
I’m sorry, either I’m dense or your explanation is confusing. How is what you described different from the capital gains tax?
I don’t think it is functionally any different; just applied to a different asset being sold. Most capital gains are from property sales, aren’t they?
Depends on what class you are, which I think a lot of comments in this thread understandably seem to assume from a middle class perspective, even assuming “wage” as the main source of wealth.
Real estate is one major source of capital gains, but for a lot of the 1% and investors, capital gains is primarily from financial instruments, i.e. stocks, bonds, etc.