this post was submitted on 27 Apr 2024
720 points (96.3% liked)
Political Memes
5501 readers
1964 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
While I agree with the sentiment it's worth noting that this wealth isn't usually liquid. It's tied up in other assets. Like shares in companies. Liquidating those shares to pay a wealth tax will also dilute their influence in those companies. Not to mention liquidation comes with additional taxes.
Who cares. Make them sell their toys or seize them, if they refuse.
I wonder how having assets seized would affect their tax return. It could be that it would be beneficial for them to put up a fight and get the assets seized instead of liquidating them and then being subject to a huge tax bill.
The asset's worth should be at least the value owed in taxes + 10% liquidation fee to nip shit like that in the bud. No more loopholes, no more leeway.
OK, so the headline figures need to be up rated to take into account the true amounts they'd need to pay.
You make this all sound like a bad thing.
Not bad, I'm just identifying knock-on effects that mean the people mentioned would pay substially more than the headline figure in the image.