2026-06-19 19:23 UTC
Why do we tax the labour of workers? We work to live, to survive. We don’t get to subtract our life expenses from our income and declare zero profit and thus avoid taxes like corporations can.
Income of workers is the easiest to tax and the corporations are happy to oblige.
I remember when Steve Jobs, the iCEO, famously took a $1 annual salary. “Wow!” many people said, “he is really committed to bringing Apple back.” Sure it is a gamble taking everything in equity, but when you do hit the jackpot, no denying hard work and luck are in play, then the taxes should be significant. These people and their companies benefit from the society, laws and infrastructure in the countries/markets they operate and they should pay for that benefit. Which means also paying taxes in the local countries where the respective revenue is generated.
The claim that heavy taxation would stifle investment and risk taking is complete and utter BS, and we have all been fooled by this brainwashing. Entrepreneurs indeed do it for money, but they also do it because it is their character, their passion, their driving force in life. I say this as someone who always gravitates to early stage startups and takes the chances that go with it - and then pay high taxes on my shares with no regrets (but not happily). Gain on RSUs in NZ are taxed as normal income and with dual taxation with the US I cannot play the long term capital gains game - and I generally prefer my tax $ go to NZ than the US.
I’m so tired of “we must cut services for those lazy people who take advantage of us hard working people” (when in NZ it is largely lazy landlords who hold the wealth and get the benefits).
/soapbox
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