Martin Sandbu (FT) identifies four myths about wealth taxes:

Its too hard to do - well that hasn't stopped both Switzerland & Norway doing it (pretty well);

It won't actually raise much money - both countries above it raises substantial revenue;

It will scare the rich away - well it seldom does & then often they go to Switzerland (err, that has wealth taxes);

It will depress investment - no evidence backs up this claim.

So there we have it; wealth taxes are clearly possible!

#tax #politics

The IRS Is Building a Vast System to Share Millions of Taxpayers’ Data With ICE
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ProPublica has obtained the blueprint for the Trump administration’s unprecedented plan to turn over IRS records to Homeland Security in order to speed up the agency’s mass deportation efforts.

https://www.propublica.org/article/trump-irs-share-tax-records-ice-dhs-deportations?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post

#News#Data#Privacy#ICE#Deportation#Immigration#IRS#Tax#Trump

Today in Labor History July 4, 1840: The anti-rent association of Berne in the Hudson Valley issued its Declaration of Independence, starting the Anti-Rent War, which lasted until August 1845. Also known as the Helderberg War, the anti-rent war was a tenants' revolt in upstate New York against the patroons, who acted as feudal lords with the right to make laws. The first meeting of the Anti-Rent tenant farmers was held in Berne, New York on July 4, 1839. Leaders of the revolt were tried for riot, conspiracy and robbery in 1845. The first trial resulted in no convictions. A re-trial in September 1845 saw a fist-fight between the attorneys who were sentenced to solitary confinement for 24 hours. One defendant, Smith A. Boughton, was sentenced to life imprisonment, but was pardoned by the pro-Anti-Renter John Young.

#workingclass #LaborHistory #rent #protest #prison #newyork #tenants #revolt#AntiRentWar #landreform #tax

Absolutely fucking disgusted by the #US #Government right now. Wasting #tax #payer #dollars on this bullshit #propaganda all while taking away fund for the most vulnerable. Happy 4th of July EVERYONE! Welcome to the bullshit #dictatorship we've supposedly been fighting for 100 years. I am shaking I'm so pissed right now.

The #G7 has once again put multinationals’ profits over the interests of people
Joseph Stiglitz, José Antonio Ocampo and Jayati Ghosh https://www.theguardian.com/business/2025/jul/02/the-g7-has-once-again-put-multinationals-profits-over-the-interests-of-people #economics #tax