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SoylentNews
April 2, 2019
Sen. Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee, announced today that he would soon release a proposal to eliminate massive tax breaks enjoyed by the wealthy on their capital gains income. If successful, the proposal would ensure that income from wealth is taxed just like income from work.
His plan, which he has promised to flesh out in a white paper in the coming weeks, would tax the appreciation of assets owned by the very wealthy as income each year, an approach known as mark-to-market taxation. It would also subject that income to ordinary tax rates rather than special, lower income tax rates that apply to capital gains.
https://itep.org/sweeping-reform-would-tax-capital-gains-like-ordinary-income/
https://www.wsj.com/articles/top-democrat-proposes-annual-tax-on-unrealized-capital-gains-11554217383
(Score: 2, Insightful) by khallow on Monday April 08 2019, @06:02PM (2 children)
(Score: 2) by Azuma Hazuki on Tuesday April 09 2019, @01:18AM (1 child)
Fuck me sideways with a sandblaster, you actually said "let all the brown people die of starvation, disease, and heatstroke" in code and thought we'd all be too dumb to pick up on the meaning behind your dogwhistling. What is it with you fucking nutbars and your persistent delusions of being the smartest people in the room? Do you really think we can't hear your real feelings loud and clear?
You know, the mitigations don't have to lead to overpopulation. Nothing slows down the fertility rate like a rising standard of living, haven't you noticed? When people aren't having 10 kids because 7 will die of malaria or yellow fever, guess what: overpopulation stops being an issue.
I am "that girl" your mother warned you about...
(Score: 1) by khallow on Tuesday April 09 2019, @01:57AM
Sorry, you just placed yourself well below that threshold of stupidity.
I never had that delusion. Sounds like you'd have more luck thinking than being defensive here. You're amazingly wrong.
Indeed. They could come up with mitigation that actually mitigates, for starters. But when one looks at the actual mitigation proposals one sees a remarkable lack of interest in outcome. It doesn't matter that Germany or Denmark double the cost of their electricity while doing nothing to reduce their carbon footprint. It doesn't matter that everyone is funding renewable energy projects guaranteed to go nowhere. The huge drawbacks to unreliable energy sources or their high cost don't matter. In other words, there's a group of people who have this idea about what is right, and they're willing to drive the rest of the world into poverty to get it, even if their efforts don't actually do anything about climate change in the process. Poverty is what will generate the overpopulation problem.
Practice what you preach.