Is it difficult to tax rich people because politicians are…
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Is it difficult to tax rich people because politicians are rich people?
Everyone says it's hard to tax rich people because they are rich due to assets, not income and other factors. However, taxes can still be implemented. I'm reminded of that instance in the UK when the second home stamp duty tax was brought in, with the exception for anyone who bought seven or more homes at once. Afterwards, Jeremy Hunt bought 7 homes to avoid the tax.
The politicians just put in loopholes for the super rich. They are either rich people themselves or are funded by rich people. I don't see how laws would actually change to properly tax them.
#conversation
Everyone says it's hard to tax rich people because they are rich due to assets, not income and other factors. However, taxes can still be implemented. I'm reminded of that instance in the UK when the second home stamp duty tax was brought in, with the exception for anyone who bought seven or more homes at once. Afterwards, Jeremy Hunt bought 7 homes to avoid the tax.
The politicians just put in loopholes for the super rich. They are either rich people themselves or are funded by rich people. I don't see how laws would actually change to properly tax them.
#conversation
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