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📢 文末扫码进裙,免费领取双语精读版 How to tax billionaires—and how not to Closing loopholes would be a better bet than a levy on unrealised capital gains The Economist United States 18 June, 2024 | 1086 words | ★★ ★ ★ ☆ The rich are different from other people. They have more money and, in most places, they pay much less tax. Going by one broad definition of income that combines consumption and someone’s change in net worth, America’s best-heeled pay just a few cents on every dollar of their fortunes. Lately, those fortunes have ballooned, thanks to a soaring stockmarket. One study found that unrealised capital gains account for $6trn of the $11trn in wealth held by the richest Americans. Since 2023, as the artificial-intelligence frenzy has fuelled demand for both Nvidia’s gpus and its shares, the chipmaker’s founder, Jensen Huang, made more than $100bn. But until he sells some of his stocks, all that money is off-limits to the taxman. Cash-
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