• gandalf_der_12te
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    11 hours ago

    Also if you have a million dollars or more and put it into the most generic stock/index imaginable, then it will grow by a few percent annually, while you do jack-ass nothing. Therefore it is only fair to introduce a wealth tax to tax these unearned-profits by maybe, let’s say 3% annually. That money could well go towards society, i.e. the people.

  • Dubiousx99@lemmy.world
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    16 hours ago

    Agree with the sentiment but the logic in this is flawed. It is comparing a value with a rate of change with the final comparison being tried to make against a value vs a rate of change. Wealth is a value, wage is a rate of change. The comparison is being made against a defined rate of change (minimum wage) vs a value (billionaire wealth). It’s still wildly obscene.