vectr on Nostr: Why do you think that the bar won’t be quickly lowered? It will be sweet pilled by ...
Why do you think that the bar won’t be quickly lowered? It will be sweet pilled by a very low percentage for people with net worth of say $1.5 million, $700k, pick a range. The minimum worth will keep dropping and the percentage will creep up. Just like it did with income tax which was also initially touted as a tax only on the super rich. And who is the arbiter of value on unsold assets?
IRS: Sure is a nice looking $750k house you got there. Don’t worry, your net worth isn’t too high, and we’re only requiring you pay 7% each year to keep it.
You: it’s only worth $400k at best!
IRS: you’re under arrest.
Published at
2024-08-30 02:59:39Event JSON
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