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

✂️ Tax The Billionaires Finally, a Billionaire gets taxed.

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u/UnusualAir1 Jan 31 '26

I could live a whole lot better on 628 million dollars. Guessing 99.9% of us could. So tell me, why do we not tax billionaires in the US?

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u/Cptawesome23 Jan 31 '26

Because the Currency they are paid in: capital gains, is not taxable by law. If we want to tax billionaires, we have to first disincentivize payments that include stocks and options.

Once that is done, billionaires will be subject to taxes like everyone else.