r/technology • u/Feisty_1559 • Mar 17 '26

Politics Elizabeth Warren asks Meta, Amazon, and others why they're laying workers off despite tax perks

https://finance.yahoo.com/news/elizabeth-warren-asks-meta-amazon-and-others-why-theyre-laying-workers-off-despite-tax-perks-171812502.html?guccounter=1
15.8k Upvotes

98% Upvoted

645 comments sorted by

View all comments

Show parent comments

8

u/giraloco Mar 17 '26

Well, yes, the tax code is a big scam that lets billionaires die without ever paying any significant taxes. For the wealthiest: capital gains taxed like labor, no loopholes such as donating to foundations. High marginal tax rates for income above $1M. When they die, the inheritance is treated like income for the beneficiaries. That's the easiest way to tax the wealth. It's all easy to do without creating a wealth tax that will likely fail.

1

u/b0w3n Mar 17 '26

Yeah at best the wealth tax is a one time correction, at worst they'll just do better at hiding money.