Against a wealth tax political
We already tax wealth enough
The country already levies wealth taxes by various names, so there is no need to tax wealth any further; the existing arrangements are sufficient.
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The counter
The wealth taxes we have aren't working Just as critics say wealth taxes failed elsewhere, the same applies to the ones we already have: while living standards slip and assets are hoarded by a few, current wealth taxes plainly aren't going far enough. Many are riddled with caveats and loopholes that let the wealthy keep avoiding paying back into the systems that enabled their success.Copy-paste rebuttal Drop a sourced reply where this argument shows up
Reddit / long form
You're making the "We already tax wealth enough" argument against a wealth tax. If the wealth taxes we already have were enough, living standards wouldn't be slipping while assets are hoarded by a few — the same critique levelled at wealth taxes abroad applies to ours: they plainly aren't going far enough. Many are riddled with caveats and loopholes that let the wealthy keep avoiding paying back into the systems that enabled their success. "We already tax wealth enough" describes a set of taxes that demonstrably aren't doing the job. Learn more: https://wealthtax.now/arguments/already-tax-wealth-enough/
X / Bluesky / short form
You're making the "We already tax wealth enough" argument against a wealth tax. If they were enough, living standards wouldn't be slipping while wealth is hoarded at the top. The ones we have are riddled with loopholes. https://wealthtax.now/arguments/already-tax-wealth-enough/
Where it's been said
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Why The Economist hates wealth taxes.Raised as a counter-argument to rebut. “We have the highest taxes ever at the same time as a disappearing welfare state. That is what happens when your government goes massively in debt to the super r”
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How to convince your friends to back wealth taxesRaised as a counter-argument to rebut. “we live in a tax system which already taxes high earning individuals very highly it does not tax extremely wealthy families or individuals very highly at all”
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Jeremy Hunt's "Black Swan" EventsRaised as a counter-argument to rebut. “Jeremy Hunt is able to buy houses without paying stamp duty because he buys them 7 at a time & there's a special uh exclusion in stamp duty for anyone who buys ”
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How they get our Assets #ShortsRaised as a counter-argument to rebut. “the end result is you have a tax system which looks Progressive for ordinary people because you're only comparing yourself to people around you who are ordinary”
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Who Actually Pays Taxes?Raised as a counter-argument to rebut. “the richest 1% already pay 28% of tax now this is very misleading”