Thats false equivalency. Billions is the larger number and since a billion is 1000x a million, it would be 3% of their $10000 and 15% of your $10. So its their $300 tax vs your $1.50 tax.
Sure they are still better off, however (un)fair that may be, but it was more in tax than you actually hold, by a wide margin.
Or course we could, and should, argue it should be reveresed, but thats just yelling in to the wind at this point.
Why is it only 3%, what is it about being digital that avoids standard tax rates?
3 % of billions of things is more than 15% of millions of things.
Sure but you take 3% out of my $10 and I have $9.70.
But take 15% out of your $100 and you still have $85.
They can pay their taxes.
Thats false equivalency. Billions is the larger number and since a billion is 1000x a million, it would be 3% of their $10000 and 15% of your $10. So its their $300 tax vs your $1.50 tax. Sure they are still better off, however (un)fair that may be, but it was more in tax than you actually hold, by a wide margin.
Or course we could, and should, argue it should be reveresed, but thats just yelling in to the wind at this point.