The American economy is increasingly divided between those who earn their living and those whose assets generate wealth. This divide is exacerbated by a tax system that favors income from ownership over income from work, allowing the wealthy to accumulate wealth without paying taxes on unrealized gains. As artificial intelligence transforms the economy, it could further deepen inequality by disproportionately benefiting asset owners.
For starters increase the marginal rates on both income & capital...How about a 0.1% tax on capital value >$100 million? Publicly traded billionaire assets can be taxed when market prices establish the gain. Private gains can be taxed when they become measurable and usable—through a sale, transfer, or inheritance.
where is the link for 12:30 meeting? I see links for everything else.
The American economy is increasingly divided between those who earn their living and those whose assets generate wealth. This divide is exacerbated by a tax system that favors income from ownership over income from work, allowing the wealthy to accumulate wealth without paying taxes on unrealized gains. As artificial intelligence transforms the economy, it could further deepen inequality by disproportionately benefiting asset owners.
For starters increase the marginal rates on both income & capital...How about a 0.1% tax on capital value >$100 million? Publicly traded billionaire assets can be taxed when market prices establish the gain. Private gains can be taxed when they become measurable and usable—through a sale, transfer, or inheritance.
Resist corrupt authoritarians & Vote Blue! https://www.youtube.com/watch?v=V_i38-qjtbI