Homeowners Refuse to Accept the Awkward Truth: They’re Rich - Owners of the multi-million-dollar properties still see themselves as middle class, a warped self-image that has a big impact on renters - eviltoast
  • vivadanang@lemm.ee
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    1 year ago

    That won’t really solve the problem.

    no single policy change will ‘solve’ the problem, that’s why it’s governance, not ‘fix it and forget it’. BUT, one thing that would impact this issue greatly would be the:

    Corporate taxes topped out at 52% - the tax rate was 30% for the first $25,000 in profits that a company made, and 52% for anything over that amount.

    Tesla, SpaceX, etc., earning money would be taxed and that would impact Musk’s value. They hide their money in individual compensation, you tax the individual, they hide it in corporate compensation, you tax them there.