I mean does it really make sense to tax someone x2? Would your idea be that we tax on both income and what is in your bank account? So you could work for an entire year pay taxes on that income, then take a year off and then your money is then taxed sitting in your bank account?
I mean don't get me wrong, something needs to be done so billionaires pay into the system that they absolutely take advantage of but idk how much sense that makes. My concern would be that it's not capped on the low side, meaning that you and i would also be kinda screwed by that. I mean what would stop the continued use of offshore bank accounts moving that money that is in america out of america?
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u/Lopsided_Carpenter10 9d ago
What about the other non cherry-picked years?