The secret: they do pay taxes, enormous amounts. A small handful of people pay billions in taxes a year. A wealth tax is not only deeply immoral, but it's a bad idea, and every country that's tried it has watched it fail. If someone with billions in assets doesn't take home a salary, then they don't pay income tax on a salary that year. Get them when they sell stock, like they did when Elon paid ~12 billion in taxes, or when the companies they run pay corporate taxes, like when Berkshire Hathaway paid ~26.8 billion.
It's frustrating because I suspect billionaire taxes are deeply interesting, but that's not what this article is about. The article reads like someone who's 5'9 complaining about NBA players
xnx · 3h ago
> A wealth tax is not only deeply immoral
A wealth tax is deeply immoral?
Eddy_Viscosity2 · 3h ago
Morality means different things to different people. Some even believe that freeing a slave was immoral because it deprived his owner of an asset.
comrade1234 · 3h ago
Wealth tax mostly works here in Switzerland but it's hard to enforce when it comes to subjective items like artwork. But it's so low here they probably should just scrap it. But then you have so many wastes of humanity here that inherit all of their money and do nothing with it other than have a good life of good food, nice cars, mild plastic surgery, etc.
It's frustrating because I suspect billionaire taxes are deeply interesting, but that's not what this article is about. The article reads like someone who's 5'9 complaining about NBA players
A wealth tax is deeply immoral?
https://www.theguardian.com/politics/2025/aug/16/spain-put-u...