Very few are discussing a wealth tax, and when they do, it’s usually on net worth over 10mil.
The 500k is annual income, which you don’t magically generate from owning a few houses. And yeah, people making that much annually should be paying a higher percentage tax compared to a public school teacher or barber, etc, but due to corruption and lack of regulation they don’t always do so.
Very few are discussing a wealth tax, and when they do, it’s usually on net worth over 10mil.
The 500k is annual income, which you don’t magically generate from owning a few houses. And yeah, people making that much annually should be paying a higher percentage tax compared to a public school teacher or barber, etc, but due to corruption and lack of regulation they don’t always do so.