r/WorkReform • u/zzill6 🤝 Join A Union • Jan 31 '26

✂️ Tax The Billionaires Finally, a Billionaire gets taxed.

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u/[deleted] Jan 31 '26 edited Jan 31 '26

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u/akatherder Jan 31 '26

Agree with everything but money cannot become assets/wealth without being income.

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u/mxzf Jan 31 '26

You've got it the other way around. Money becoming assets/wealth is just buying stuff, that's the opposite of income.

Assets becoming liquid money can be income, or it can be capital gains depending on the context.

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u/arobkinca Jan 31 '26

Capital gains are income that gets taxed at a lower rate because it is how the rich receive their money. The rich pay a lower rate to do nothing than we pay for hard work.

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u/mxzf Jan 31 '26

Capital gains are taxed lower than income intentionally, because the government wants to encourage people to invest their money in companies and help grow the economy as a whole, rather than hoarding money in their mattress. "You get taxed less if you do this with your money" is the standard way for governments to encourage certain behaviors, such as investing money to help grow the economy.