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American justice
(lemmy.world)
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this post was submitted on 02 Apr 2025
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Real estate is ALWAYS part of wealth. Most people want to tax wealth starting at 500k, so your parents will pay it 100%. But here's a trick, wealth estimations will be done by the government on an annual basis and will change based on who's in charge. One year you might have 1m wealth and next year you might have 2m out of thin air. Because wealth is not money, it's an imaginary number.
P.S. And it's more like your parents don't speak to you, because you are a 13yo kid in an adult body.
What the fuck was that last sentence? Why the fuck would you assume about someone you never met, that their parents cut them off?
Thats some mean-spirited, personal shit you got going on. Like a bitch.
Plot twist, it's the parents.
Guy who doesn't understand what a homestead exemption is
Bro, go get a hug.
Ever heard of "market value"?
Very few are discussing a wealth tax, and when they do, it’s usually on net worth over 10mil.
The 500k is annual income, which you don’t magically generate from owning a few houses. And yeah, people making that much annually should be paying a higher percentage tax compared to a public school teacher or barber, etc, but due to corruption and lack of regulation they don’t always do so.
Who are these invisible people?