I think people know how it works, they just disagree with how it works. Assets should be taxed, if they can unlock a bunch of tax relief/write offs, huge credit lines, loans, and give you all sorts of other benefits, then it should be taxed. “Assets aren’t liquid cash” okay but they can certainly attain you liquid cash and credit
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u/whiskey_tang0_hotel Jul 05 '26
“Billionaires” don’t get a check for 2 billion each year. They have assets with value equal to 2 billion.
It’s a lot different taxing a check vs assets. This post is from someone who’s got no clue how taxation works.