r/Snorkblot • u/LordJim11 • Jun 26 '25

History Seemed pretty clear at the time.

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u/[deleted] Jun 26 '25

Can you elaborate or is this another case of "we will just figure it out dude" cause it's not income it's debt we don't tax debt and if we do tax debt that fucks everyone who needs a car loan or mortgage but still not the billionaires because that money came from his Lithuanian bank account and the USA doesn't have tax jurisdiction there.

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u/AmeliorativeBoss Jun 27 '25

Wealth tax on people with 25+ million dollars, including foreigner banks? Most of them hold company shares, or luxurious boats.

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u/[deleted] Jun 27 '25

The only question being how do we tax them on assets outside of the country because that gets weird fast

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u/AmeliorativeBoss Jun 27 '25

Many countries like Germany manage to do that.

Switzerland was heaven for tax evasion and foreign bank accounts. Now not anymore.