this post was submitted on 04 Apr 2026
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Study: Billionaires Paid 91% Tax Rate in 1960, Now they pay 0% (hrnews1.substack.com)
submitted 1 week ago by peanutbutterandjelly@lemmy.world to c/justpost@lemmy.world
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[–] DougPiranha42@lemmy.world 1 points 1 week ago* (last edited 1 week ago)

Right. It’s not like they can on paper move their assets to whatever organization, estate, jurisdiction, subsidiary, shell company, offshore account, or arcane vehicles we never heard of, to avoid paying wealth taxes!

Edit: I’m not saying that a wealth tax for extremely high net worth individuals would be a bad thing. I would support that. I’m just saying that a wealth tax would never be enough to rein in the wealth and power of an oligarch, because they would be able to evade it.