09: AMA about how Straya Day and the GST suck (ft. Chelsea Watego)
Serious Danger
00:00
Is There a Difference Between Increasing the Gs T and a Wealth Tax?
The rich like warran buffet, get it, pay no less in tax than the middle classes. In this way, the gstes implicitly a wealth tax. Is there any real difference between taxing ten percent of some one's wealth and taxing ten % of everything they could ever buy with that wealth? Yesow, the answer is yes. The argument does work. I mean, hey, you know, people get all this money, but when they buy their ferrari, then they have to pay ges t on that. But as you're saying, they just sit, also, sitting on giant piles of money at the moment. So lotof capital just te sitting there.
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