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If you mean by rich, Bill Gates and Warren Buffet level rich, then there are only a few dozen people whom you can tax that way. Also tax is on income, not weal
by kamaal 9y ago
If you mean by rich, Bill Gates and Warren Buffet level rich, then there are only a few dozen people whom you can tax that way.
Also tax is on income, not wealth. Unless Bill Gates sells his stocks, its pretty much untouchable.
- redblacktree 9y agoThere are wealth taxes. (property tax is one of them, estate tax is another -- phased out by this bill) In my opinion, we could do with a lot more wealth taxes.