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Most Of BilIionaires’ $7.6 Trillion Has Never Been Taxed - Americans For Tax Fairness
(americansfortaxfairness.org)
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this post was submitted on 21 Feb 2026
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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LVT is a pretty good tax, but you don't use it in isolation. It exists to make property taxes more progressive, not to make taxation as a whole more progressive.
To do that, you need to replace regressive taxes like the sales tax with progressive taxes like wealth and income taxes, and have rising tax brackets (or sloped steadily increasing taxes) that effectively account for less and less of people's acquired wealth being necessary or good for society as the amount grows larger.
Totally agree, though I think to a degree there should be some limits, (e.g. under $1m in assets, adjusted for inflation, it doesn't apply) so regular people don't have to worry about things like managing how much assets they'll have to liquidate to pay their taxes each year, which would make planning for retirement very difficult.
Most of the stock market is owned by the ultra wealthy anyways, so the tax would still account for most capital gains while making everyone else's lives much easier.