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American justice (lemmy.world)

submitted 2 days ago by DougHolland@lemmy.world to c/aiop@lemmy.world

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[–] Jax@sh.itjust.works 22 points 2 days ago* (last edited 2 days ago) (1 children)

Real estate is ALWAYS part of wealth

Yes, however no one is specifically calling on land owners to be taxed.

Most people want to tax wealth starting at 500k, so your parents will pay it 100%.

Also wrong, the common consensus in the U.S. is that you should be taxed if you make over 400k a year. Make over 400k, anyone paying attention recognizes how this is just going to be circumvented by the current tax loopholes already in place.

But here's a trick, wealth estimations will be done by the government on an annual basis and will change based on who's in charge. One year you might have 1m wealth and next year you might have 2m out of thin air.

Please name a single time that the U.S. treasury has gone 'actually the dollar is worth double what it's worth' . Please, I would like you to point to that happening. And if you're referring to markets fluctuating as a result of a new presidency, holy shit I'm not explaining how that has nothing to do with the government 'deciding' the value of a currency.

P.S. : you come off like an asshole, an asshole that barely knows what they're talking about.

[–] explodicle@sh.itjust.works 5 points 2 days ago (1 children)

Nobody asked me but I am specifically calling for a Land Value Tax. Land values are already part of state-level property tax assessments, which are relatively stable and don't double over a year.

We already tax wealth a little bit and it works great. We should do it more!

[–] Jax@sh.itjust.works 2 points 1 day ago (1 children)

I think that, without many things changing first, that would be a great way to cause a lot of people to lose their homes.

Plenty of house poor folks who are just trying to keep their home/land. They would need to be considered too.

[–] explodicle@sh.itjust.works 2 points 21 hours ago

Land Value Tax, not a parcel tax. Most of the revenue would come from cities.