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Brazil, France, Spain, Germany and S. Africa Push To Tax Billionaires 2% Yearly; US Says No (www.ibtimes.co.uk)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 1 month ago (1 children)

If you would have read the article, you would have noticed it's a wealth tax, not an income or gains tax.

[–] [email protected] 5 points 1 month ago

What does that matter? 2% of a billion is 20 million. Do you seriously think their wealth doesn't grow by at least 20 million a year? Do you think their wealth doesn't grow by more than 2% every year? It should not be growing, it should be diminishing!

I'll repeat myself: 2-6% is a fucking joke.

To be fair though, it's not nothing (unlike the USA). They have to start somewhere, I'll give 'em that.