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Bill B
Garys Economics
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Comments by "Bill B" (@billB101) on "Understand the Economy Part 2: What Is Wealth Inequality?" video.
The question is how do we actually tax the wealthy, what's the mechanism?
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@Betweoxwitegan so what's the mechanism to do this? I mean a lot of these assets are hidden.
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@Betweoxwitegan You can hide the ownership of assets. You ever read the ICIJ Panama papers book. I highly recommend it. My point however is what is the mechanism to tax these assets?
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@markturner5534 exactly, you can't get this from capital gains, the wealthy are hording their assets under trusts, offshoring, shell companies and other financial instruments, their wealth is literally ghosted so what mechanism exactly can actually be used to go after them?
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