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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: 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.