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   Julian Andres Klode 🏳️‍🌈 (juliank@mastodon.social)'s status on Wednesday, 10-Jul-2024 06:38:55 JST Julian Andres Klode 🏳️‍🌈

   A free and fair market with equal opportunities for everyone is the cornerstone of our democracies and it is under constant attack from the extreme left, who want everyone to be poor and dependent on the state for all needs, and the extreme right, who want to exploit us all in a fascist neoliberal hellhole.

   We need to defend it with all we've got, to the extent it doesn't negatively impact our fight against fascism.

   It's not perfect but it's the best we've ever had.

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     Julian Andres Klode 🏳️‍🌈 (juliank@mastodon.social)'s status on Wednesday, 10-Jul-2024 06:38:54 JST Julian Andres Klode 🏳️‍🌈

     in reply to

     Then you need to address the issue of generational wealth by fixing inheritance taxation and removing loop holes.

     Then you need to start taxing people for fictional income, if they own their space of living, that amounts to the rent they save, such that you do not systematically undertax home owners.

     This will likely be much more than a wealth tax but it is fair and reasonable.

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     vv221 (vv221@fediverse.dotslashplay.it)'s status on Wednesday, 10-Jul-2024 06:38:54 JST vv221

     in reply to
     There is only one fair way to handle inheritance: everything goes to the state, then is equally redistributed amongst all the people.
     
     Anything else equates to reinforcing wealth accumulation by a small group of people.
     
     So fixing inheritance taxation actually would be setting it to a 100% flat rate.
     
     Haelwenn /элвэн/ :triskell: likes this.
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     Julian Andres Klode 🏳️‍🌈 (juliank@mastodon.social)'s status on Wednesday, 10-Jul-2024 06:38:55 JST Julian Andres Klode 🏳️‍🌈

     in reply to

     Wealth taxes are inherently undemocratic and amount to illegal double taxation. They are not a reasonable subject for discussion.

     They also impose a significant threat to social justice, as wealth doesn't get adjusted and eventually covers the top 50% and the top 1% is excluded anyway thanks to loopholes only they can exploit.

     In order to create a fair taxation regime, first you need to link all tax caps and limits to indexes such that they automatically adjust wrt to their peers.

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     vv221 (vv221@fediverse.dotslashplay.it)'s status on Wednesday, 10-Jul-2024 06:45:16 JST vv221

     in reply to
     I do not believe that letting families own businesses and use that to exploit people is the right move. And I have 200 years of History backing me on this ;)
     
     Haelwenn /элвэн/ :triskell: likes this.
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     Julian Andres Klode 🏳️‍🌈 (juliank@mastodon.social)'s status on Wednesday, 10-Jul-2024 06:45:17 JST Julian Andres Klode 🏳️‍🌈

     in reply to

     • vv221

     @vv221 I do not believe that killing family run businesses is really the right move, sorry.