Kevin Karhan :verified: · @kkarhan
1475 followers · 106210 posts · Server mstdn.social@LadyDragonfly *nodds in agreement*
It's also how #solidarity-based systems work, cuz there's no guarantee any of the #billionaires won't become cases for #SocialSecurity or otherwise incapable of making a living with their #CapitalGains.
Not that I wish anyone something bad - far from it - but what if Musk gets hit by a car or Buffet has a Stroke??
#capitalGains #socialsecurity #billionaires #Solidarity
Kevin Karhan :verified: · @kkarhan
1465 followers · 106065 posts · Server mstdn.social
@LadyDragonfly IMHO #CapitalGains should be taxed like #WageWork / #Labour if not higher and be subject to the same fees and surcharges...
Anything else would be unfair to the masses of people working.
https://www.youtube.com/watch?v=zB1FXvYvcaI
#labour #wagework #capitalGains
Kevin Karhan :verified: · @kkarhan
1272 followers · 84664 posts · Server mstdn.social@QasimRashid #CapitalGains should be taxed at least higher if not equal than #WageWork and also be subject to the same percentage of deductions like #SocialSecurity and #Healthcare...
#Healthcare #socialsecurity #wagework #capitalGains
Kevin Karhan :verified: · @kkarhan
1262 followers · 83097 posts · Server mstdn.social@ArtifexUmbra @allenstenhaus @orionkidder @Nezchan Eeyupp...
That's because #WageWork is taxed higher than #CapitalGains...
Kevin Karhan :verified: · @kkarhan
1072 followers · 67604 posts · Server mstdn.social@Radical_EgoCom Also why is #CapitalGains not taxed at the moment the gains are made?
And especjally why is #Labour taxed higher an Capital not subject to the same fees amd deductions like #Healthcare & #SocialSecurity?
#socialsecurity #Healthcare #labour #capitalGains
Shades · @shades
344 followers · 490 posts · Server kolektiva.socialby #KamauChege in @urbanistorg:
"[W]orking people know that private wealth is built on public infrastructure and public investments paid for by all of us — especially low-income folks who pay more than their share in taxes. The roads and the transportation system corporate executives use to get goods to market, the schools and universities that train their workers, and the regulation and safety systems they rely on build the wealth of the people who live and do business in our state."
https://www.theurbanist.org/2023/06/01/lessons-from-washington-states-new-capital-gains-tax/
#Washington #taxes #rich #wealthy #UltraWealthy #legislation #StateLegislature #CapitalGains #StockMarket #DepartmentOfRevenue #WashingtonCommunityAlliance
#kamauchege #washington #taxes #rich #wealthy #ultrawealthy #legislation #StateLegislature #capitalGains #stockmarket #departmentofrevenue #washingtoncommunityalliance
Kevin Karhan :verified: · @kkarhan
1061 followers · 66501 posts · Server mstdn.social@dymaxion The fact that #WageWork is taxed higher than #CapitalGains is a crime.
In fact I'd argue that #CapitalGains must be taxed equally if not far higher, and be subject to the same deductions for #Healthcare and #SocialSecurity ...
#socialsecurity #Healthcare #capitalGains #wagework
Kevin Karhan :verified: · @kkarhan
931 followers · 52827 posts · Server mstdn.social@Npars01 Taxes ain't the problem, but the fact that #WageWork is taxed more than #CapitalGains aka. #RoboWealth is!
In fact, those #TaxRates should be swapped and #wage #work should be taxed less than #capital...
#capital #Work #wage #TAXRATES #robowealth #capitalGains #wagework
Kevin Karhan :verified: · @kkarhan
898 followers · 48815 posts · Server mstdn.social@josephinelee then maybe they need to actually change their #taxation model and actually charge #taxes for #CapitalGains that are higher than the average for #WageWork...
#wagework #capitalGains #taxes #taxation
Kevin Karhan :verified: · @kkarhan
813 followers · 40570 posts · Server mstdn.social@KCDomino everyone shozld pay taxes.
The fact that #CapitalGains are not taxed equally if not higher than #Wagework is #TaxTheft by the legislators!
#taxtheft #wagework #capitalGains
Kevin Karhan :verified: · @kkarhan
805 followers · 39520 posts · Server mstdn.social@LindaCollins11 also why is #CapitalGains lower and not equally if not higher taxed than #Wagework?
Why does #WarrenBuffet pay legally less tax than his secretary?
#warrenbuffet #wagework #capitalGains
Kevin Karhan :verified: · @kkarhan
786 followers · 38428 posts · Server mstdn.social@rbreich not only can they afford it, but #CapitalGains being taxed not more than #WageWork is an insult to every #WageWorker who plays by the rules and pays their due share in taxes and social service contributions...
And that is the problem.
#wageworker #wagework #capitalGains
Kevin Karhan :verified: · @kkarhan
759 followers · 35533 posts · Server mstdn.social
@nedhamson that's an absurdly low income tax.
Germany's is at 45% - and sadly also only applies to #Wagework.
I wished wagework and #CapitalGains weren't taxed so that those doing wagework have been taxed more...
Kevin Karhan :verified: · @kkarhan
588 followers · 22706 posts · Server mstdn.social@rbreich Never forget that #WageWork is taxed higher than #CapitalGains, and that this is the core injustice.
Robin Forlonge Patterson · @RFPatterson
19 followers · 42 posts · Server mastodon.nzHealth Minister on #fowlsite: "Andrew Little
@#AndrewLittleMP
·
Dec 4
.@#nzlabour inherited a chronically underfunded health system. Since 2017 our government has increased the #medicines budget by 43%, letting #Pharmac make more than 200 medicines available - including now #Trikafta"
Could do more, though, #AndrewLittle. I don't mind a small #incomeTax or#GST rise (or a #capitalGains tax) if it will be well spent on #health. .
#fowlsite #andrewlittlemp #nzlabour #medicines #pharmac #trikafta #andrewlittle #incometax #capitalGains #health
Mark McGuire · @mark_mcguire
30 followers · 69 posts · Server mastodon.nz@strypey The rich “pay less of their income in tax than the poor do" if we include income from capital gains, according to Inland Revenue research. This backs up your previous points.
DO THE RICH REALLY PAY THE MOST IN TAX?
https://www.inequality.org.nz/understand/rich-really-pay-tax/
"More than 40% of millionaires paying tax rates lower than the lowest earners, Government data reveals"
https://www.stuff.co.nz/national/politics/300238241/more-than-40-of-millionaires-paying-tax-rates-lower-than-the-lowest-earners-government-data-reveals
#Tax #Taxes #Inequity #NZ #CapitalGains #CapitalGainsTaxNow
#tax #taxes #inequity #nz #capitalGains #capitalgainstaxnow
Dick Smiths Fair Go Supporters · @dsfgs
178 followers · 12401 posts · Server activism.openworlds.info#EmptyHomes are a huge problem in many parts of the so-called civilised world.
#Investors would enjoy the #speculativeGains (aka #capitalGains) in the #property they own, this using the #house or #apartment as an #atm machine , a #financialInstrument, rather than a #home.
A #landTax based on the #rentalValue of #land will help to remove this #perverseIncentive.
Say no to #homelessness and #environmental harm - its time for a #HenryGeorge Land Tax now!
#emptyHomes #investors #speculativeGains #capitalGains #property #house #apartment #atm #financialInstrument #home #LandTax #rentalValue #land #perverseIncentive #homelessness #environmental #HenryGeorge #homeless #geoism #Georgism
Dick Smiths Fair Go Supporters · @dsfgs
178 followers · 12401 posts · Server activism.openworlds.infoThere's literally no information on the web as to whether #Sanders will be a friend or foe of #bitcoin.
Our guess is, as a **#democratic** #socialist that he's a friend of bitcoin but will want to tax it, insofar as #capitalGains.
What he could do it reduce #incomeTax and increase #landTax (based on #rentalValue) - the #extremelyWealthy cannot hide the land they own. ;)
#sanders #bitcoin #democratic #socialist #capitalGains #incometax #LandTax #rentalValue #extremelyWealthy
Dick Smiths Fair Go Supporters · @dsfgs
178 followers · 12401 posts · Server activism.openworlds.infoIf only there was a way to #tax #billionaires who secure wealth in #blindtrusts, #landHoldings, #investmentProperties they leave empty and #taxHavens...
Oh wait - its called #landTax!
#henryGeorge #landTaxOnRentalValue #emptyHomes #speculation #rentSeeking #rentseekingbehaviour #billionairesTax #millionairesTax #investment #capitalGains #negativeGearing #taxAvoidance #taxEvasion #bernieSanders #landTaxRentalValue #progressAndPoverty
#tax #billionaires #blindtrusts #landHoldings #investmentProperties #taxHavens #LandTax #HenryGeorge #landTaxOnRentalValue #emptyHomes #speculation #rentSeeking #rentseekingbehaviour #billionairesTax #millionairesTax #investment #capitalGains #negativeGearing #taxavoidance #taxevasion #berniesanders #landTaxRentalValue #ProgressAndPoverty