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So can we back plans on limiting the maximum income of insanely rich people next, such that we make meaningful investments in education, infrastructure, healthcare etc.? Or do we want to keep kicking those already lying on the ground?
@Zacryon @schizoidman first problem here: insanely rich people don’t have a high income. They use excising stocks and co. to take loans so that they don’t need to pay tax on it. They maybe get dividends from stocks but that’s also normally not needed. E.g. Steve jobs only got 1$ as Payment at Apple for his role as a CEO. Not because he was so invested in his company, but because he got a lot of stocks which were lower in taxes then the actual payment.
Just treat capital income as income. That people pay less tax on doing nothing just owning stocks is absurd to begin with.
And if we take the Quandts for example (large owners of BMW and major profiteers of BMW supplying the Nazi war machine) they usually make in excess of 1,000,000,000 € every year on their BMW stocks.
We need to limit the ~~income~~ gains in wealth of rich people.