⟳ Репост от Doc Democracy 🇨🇦
“We don’t tax wealth, we tax income. For people who have a huge amount of property and are ultrawealthy, they can avoid having very much income.” Unrealized gains are, essentially, income—just ask the bankers who accept them as collateral. But Congress has never touched them.
How to tax a billionaireAmerica's oligarchs guard their hoards jealously—but there may be a way in.www.motherjones.com