RE: mastodon.green/@alberto_cottic…
Very interesting insight from Gabriel Zucman: there is now an international movement for taxing wealth, and important initiatives are afoot. The most important of all is prop 40, California's proposed one-time five per cent tax wealth. It is projected to yield 100 billion dollars! That's as much as one year of income produced in California.
I knew the various law proposals etc., but I was not seeing the big picture.
Alberto Cottica (@alberto_cottica@mastodon.green)
"And so here, what you have with billionaire wealth is that there’s a potential tax base; we are not taxing billionaire wealth today, which has been skyrocketing. That’s the flip side of the rise of wealth concentration.Alberto Cottica (Mastodon.green)
This entry was edited (2 weeks ago)
