Would you support an "asset tax" to redistrute wealth and rebuild country?

[lightbulb27]

My state charges a tax on assets, like cars... I pay a tax every year. I don't like it, but it does fill up the treasury. As well, those whom have more... pay more.

A lot of wealth is held by a few... in corporations, cars, homes, etc.. That wealth could be redistributed and reinvested into public assets which benefit the public. Goal being reduced work hours, social benefit (medical) while maintaining wealth.

Example: Asset tax on Warren Buffet assuming his net worth is 1 Trillion at.1% = $1 billion. Adjust the tax amount as needed, you get the idea. That $ goes into building out robots and AI that replaces human work in corporations. The salary received by the robots/ai goes to public trust distributed for public good... idea being people don't work as much, have time for other things.

Somebody has to do a lot of math, you get the idea...

And yes, leasing would be considered holding an asset. Whether houses are taxed again.. id say no. But Major things, yes.

The problem of course is: Management. Can you really trust your govt to make good decisions. That's where it always falls apart...

Yes conceptually, not in reality

Yes, Do it!

No bad idea

Other

[NaultD]

For somewhere like new york city where it's so much traffic it's pointless to drive let alone pay the rent to park the car. That makes sense.

My biggest concern is the last 100 years of corporation profit motivation is more involved then our elected government. Meaning that even now buisness over half now defunct shaped our streets and city's and with that our daily lifes to make a profit. Then you add the government to double down on the problem with assurance that this is a feature not a fundamental problem.

[NaultD]

I do want an automation tax or robot ai profit tax that's like 10x the average salary of a working person. That's probably the largest thing to come out of "liberation day" after the dust is settled

[lightbulb27]

im lost, I'd have to see a video on this to understand...

[MisterWack]

The wealthiest of Americans in the tens of millions to billions will always find a way to weasel out while with us, we don’t have their lawyers or their resources therefore it ends up falling on the working class.

We should end loopholes already in place and allow small business owners and hard working Americans the ability to rise above. Back in the day, we used to go above the cost of living utilizing minimum wage. The government would increase the minimum wage along with inflation so, everyone doesn’t have to just live paycheck to paycheck and now it is impossible.

‘Asset Tax’ is a good concept, what we need is something more effective. This is not effective.

[lightbulb27]

a lot of true there. its very hard to make anything fair when the wealth coagulates to a few that can game the system. this is why there are revolutions or worse.

[IslaTheWitch]

so... I pay taxes when I get my salary... and i pay a lot of taxes added to prices of stuff I buy (VAT and others)... in addition, I have to pay tax on every property I own... even if i bought it using money that was taxed already... and you want me to pay another tax from "assets"? so how many taxes should one person pay ffs?

no fucking way... if they need money they should earn it... I'm not paying any tax more :D

[lightbulb27]

And that is why they prefer to use inflation!

[Agape93]

Nope. Here's my idea. You pay into what you get to use. You want to drive on the state roads? Pay into it. Want medical care? Pay into it etc

[lightbulb27]

that makes sense. since we can track everyone to the sq ft, might be dooable.
what about USAID. I say the same.. if you want it, you pay for it.

[Agape93]

Yeap. I resent paying for shit I don't want. I don't use food stamps, tanf, medicaid, Medicare, social security etc. So why should I pay for it? Or for the police that have falsely arrested me before? Or to keep sex offenders alive and fed? Like wtf

[DrPepper12]

A lot of assets are difficult to value because the tax code has been so completely twisted in favor of the 1%. All the more reason why we should be expanding the IRS and not cutting it. DOGE is a scam!!! It's a privatization scam / heist on a monstrous scale!!

[AviatorTom]

Real estate property taxes are a form of asset tax, which is everywhere. Expanding that, though, to cover other items is not a good idea, it would just encourage people to find loopholes, fir example renting the asset rather than owning it.

[Anonymous]

not a bit. so if you're dirt poor, someone in your family is not and they die, leaving you a valuable painting or other artwork, or a house, or a car... and you keep it... you should pay more taxes for owning it than your entire yearly salary? See, that's the thing people are "forgetting" to mention with this shit. It's different than inheritance tax, which should also be done away with.

[Anonymous]

No. I'm against ANY new tax. But even still. I know how that would work. It would punish all but the top who knew intimately how to get around it.

[katiesmuff]

Great idea but will never be a reality!

[exitseven]

No fuxxxing way.

[beefcakebradybatson]

H**L to the YES !!!

[seeyounexttuesday]

hell no