Socialists say they protect workers from capital “owners”.
However, they demand income taxes. Income taxes hurt workers the most.
Land owners pay land taxes. Shareholders pay capital gain taxes (which they can keep postponing). Startup founders pay at most, renunciation tax when they change citizenship. Consumers pay sales taxes.
Even self-employed people, the closest to normal workers, pay profit taxes instead of income taxes.
Who pays income taxes? Workers. Yet that’s exactly what socialists ask for. Why?
And that’s not all. Income taxes are more easily avoidable on other classes of people.
Apple don’t pay income taxes. Apple and Microsoft in US is a subsidiary of an Ireland holding companies.
A businessman can simply avoid income taxes by moving his factory to China.
A shareholders can avoid income taxes by postponing selling shares. He can also balance his losing and gaining trade to ensure he makes 0 profit on the book. He can also sell a share and buy a share of another company in a different industry to realize losses.
Those are things normal workers cannot do and guess what socialists want? Income taxes.
If we want to help workers, we need to replace income taxes with sales taxes, land taxes, assets taxes, and protection taxes. Let those enjoying the benefit of a government protection pays for it.
However, they demand income taxes. Income taxes hurt workers the most.
Land owners pay land taxes. Shareholders pay capital gain taxes (which they can keep postponing). Startup founders pay at most, renunciation tax when they change citizenship. Consumers pay sales taxes.
Even self-employed people, the closest to normal workers, pay profit taxes instead of income taxes.
Who pays income taxes? Workers. Yet that’s exactly what socialists ask for. Why?
And that’s not all. Income taxes are more easily avoidable on other classes of people.
Apple don’t pay income taxes. Apple and Microsoft in US is a subsidiary of an Ireland holding companies.
A businessman can simply avoid income taxes by moving his factory to China.
A shareholders can avoid income taxes by postponing selling shares. He can also balance his losing and gaining trade to ensure he makes 0 profit on the book. He can also sell a share and buy a share of another company in a different industry to realize losses.
Those are things normal workers cannot do and guess what socialists want? Income taxes.
If we want to help workers, we need to replace income taxes with sales taxes, land taxes, assets taxes, and protection taxes. Let those enjoying the benefit of a government protection pays for it.