this post was submitted on 24 May 2026
1648 points (99.2% liked)

Work Reform

16637 readers
311 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] PepperoniNipple@lazysoci.al 14 points 1 month ago (2 children)

I am a dumb average guy who is not an economist. Could you please explain the differences?

[–] MasterBlaster@lemmy.world 1 points 23 hours ago

Sure - no condescension. Imagine you have $100,000 in your emergency savings fund.

Now imagine there's a 20% wealth tax on that. You also already paid income tax on the money that you put into that savings account.

So, after one year in the savings account you now have $80,000. 2 years, you now have 62,000. Year 3 it's around 48,000.

That doesn't include the effects of inflation, which does the same thing as that tax would do but usually at 2% per year (currently at 4% per year) and it's less visible because it's reducing the value of those dollars rather than taking them away.

[–] Davin@lemmy.world 14 points 1 month ago

No! Snark and condescension only!