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International scheme to tax billionaires’ wealth technically feasible, study finds
(www.theguardian.com)
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this post was submitted on 25 Jun 2024
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Please let this finally happen. It's absurd when normal people pay maybe 20-40% taxes depending on the country when the super rich almost don't pay at all.
The wealthy being able to use the appreciated, estimated value of things they own to secure low interest loans to purchase even more things without needing the money to be considered income for tax purposes is a primary driver of wealth in equity.