2 ms·
If a rich person gave 50 percent of his money to the US Treasury, it would be the equivilent of a 50 percent asset levy on the money. I suspect a generally-imp
by mynameishere 16y ago
If a rich person gave 50 percent of his money to the US Treasury, it would be the equivilent of a 50 percent asset levy on the money. I suspect a generally-imposed 50 percent levy could be regarded as an economically-destructive thing. A specifically-imposed one would be the same, on a smaller scale.
It comes down to whether the billions of dollars fund businesses or bureaucrats.