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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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When the rest of us get taxed it's just how society works. When billionaires get taxed, now it's a "scheme."
To be fair, that's a British style of writing. It's a loaded word in North American journalism, but neutral in the UK.
Ah, fair!
This is the point to be made.
Scheme just refers to a system. And you need buy in else billionaires just pull up their flag and move their capital.
The fact these people can borrow against their portfolio and thus have no income is ridiculous.
When they decide to tax the rest of us they just do it. When they decide to tax billionaires, they hem and haw forever over feasibility studies first.