this post was submitted on 28 Aug 2024
375 points (98.0% liked)
YUROP
1228 readers
1 users here now
A laid back community for good news, pictures and general discussions among people living in Europe.
Other European communities
Other casual communities:
Language communities
Cities
Countries
- [email protected]
- [email protected]
- [email protected]
- [email protected]
- [email protected]
- https://feddit.dk
- [email protected] / [email protected]
- [email protected]
- https://lemmy.eus/
- [email protected]
- [email protected]
- https://foros.fediverso.gal/
- [email protected]
- [email protected]
- Italy: [email protected]
- [email protected]
- [email protected]
- [email protected]
- [email protected]
- Poland: [email protected]
- [email protected]
- [email protected]
- [email protected]
- [email protected]
- [email protected]
- [email protected]
- [email protected]
founded 10 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah, the problem is you're shooting down a great initiative with an edge cases that affects maybe a couple dozen RV sleeping millionaires. Maybe he should participate and contribute to society!
Edge cases are what these guys used to get their fortunes in the first place. The more common term for these is tax loopholes! Everyone knows that big corporations like Apple use them (“Double Irish” being the most infamous) but individuals use them all the time.
Anyway, the point I’m making is that I really don’t care about the RV sleeping millionaire, I care about taxing the 200 millionaire business owner I mentioned who would currently be exempt. Because of the loophole, you can bet that all of the “ultra-rich” are going to restructure their investments into a single business they own so that they can completely exempt themselves from the tax.
Yeah, start with this law then close loopholes. It's like you're climbing a cliff, you don't leap straight to the top you get handholds where you can find them and make your way up.