421
Billionaires should not exist.
(lemmy.world)
cross-posted from: https://lemmy.world/post/13165402
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this post was submitted on 16 Mar 2024
421 points (94.5% liked)
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“Amount” is spelled with a single ‘m’. You also forgot to mention that a “rich people’s tax” once existed, but was ruled unconstitutional because it violated the principle of equal treatment, and that no legislation since has made an attempt at crafting such a tax that would hold up to the court.
Not that the wealth tax was not ruled unconstitutional by principle. It was ruled unconstitutional because it contained certain loopholes that favored owning houses over owningother assets in the calculation.
I didn’t know that. Thanks.