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We don't have a tax on wealth in the US at the moment. Implement a tax on wealth with a 100% take over say 1 million? This would just be basically the nationali
by njarboe 9y ago
We don't have a tax on wealth in the US at the moment. Implement a tax on wealth with a 100% take over say 1 million? This would just be basically the nationalization of most of the companies and much of the real estate in the US. We could try communism/socialism at this scale, but it has not worked out well in other places it was tried.
- greymeister 9y ago> This would just be basically the nationalization of most of the companies and much of the real estate in the US. We could try communism/socialism at this scale, but it has not worked out well in other places it was tried. That's the "ugly" part. And it gets really ugly.
- Dylan16807 9y agoYeah, nationalizing all companies would be ugly. And has nothing to do with taxing personal wealth over 10 million (or other arbitrary big number).