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Sure, but if you confiscate the wealth of the 0.01% then it's not in their hands anymore and you can't take it from them again.
by harryh 9y ago
Sure, but if you confiscate the wealth of the 0.01% then it's not in their hands anymore and you can't take it from them again.
- gizmo 9y agoThe money would end up in the hands of somebody and subsequently it can get taxed again. You tax wherever the money is.
- harryh 9y agoBut then we're talking about raising taxes on people other than the 0.1% to fund whatever initiatives we're talking about which was cperciva's point. You can only get so far taxing the ultra rich.