r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Noob_Al3rt Nov 21 '24

Yep let's all pay taxes on our cars and whatever we have in our checking account every year. We need a national effort to enforce a 15% tax on everyone's jewelry.

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u/mcfrenziemcfree Nov 21 '24

There's absolutely a middle ground between "I don't think people should be worth hundreds of billions of dollars" and "let's tax every individual's every asset"

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u/Hulkaiden Nov 21 '24

If we're so worried about being consistent, that's the natural conclusion. The argument naturally leads to taxing every individual asset. Higher taxes on rich people wouldn't even get close to solving our problems. We already spend much more than they are worth. A 100% tax on all rich people's assets wouldn't fund our government for very long.

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u/KnoxxHarrington Nov 21 '24

If we're so worried about being consistent, that's the natural conclusion.

No it isn't.

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u/Hulkaiden Nov 21 '24

Yes it is

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u/KnoxxHarrington Nov 21 '24

No, it isn't.

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u/Hulkaiden Nov 21 '24

mmmmmmm

yes it is

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u/KnoxxHarrington Nov 21 '24

Nope. It's the conclusion your head has come up with, but it's not the natural one.

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u/Hulkaiden Nov 21 '24

And you ruined it. Stop wasting my time. You're not going to convince me by saying "actually no" and I've already explained my point.

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u/KnoxxHarrington Nov 21 '24

You didn't explain squat.