# Democrats want to have a billionaire (non?)income tax

**URL:** <https://boards.straightdope.com/t/democrats-want-to-have-a-billionaire-non-income-tax/953260>\
**Category:** Politics & Elections\
**Created:** [October 27, 2021, 1:27am UTC](https://boards.straightdope.com/t/democrats-want-to-have-a-billionaire-non-income-tax/953260 "2021-10-27T01:27:13Z")\
**Posts on this page:** 1\
**Showing post:** 7

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**Author:** ![TheGunIsMightierThanThePen](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/thegunismightierthanthepen/32/2981_2.png) [@TheGunIsMightierThanThePen](https://boards.straightdope.com/u/TheGunIsMightierThanThePen)\
**Post date:** [October 27, 2021, 2:23am UTC](https://boards.straightdope.com/t/democrats-want-to-have-a-billionaire-non-income-tax/953260/7 "2021-10-27T02:23:50Z")

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Why not make the loans that the wealthy obtain using their assets as collateral, subject to the same income tax percentages that everyone else pays? Are there some hidden potholes (besides Republican opposition, duh) to this simplistic approach that I’m not aware of?

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