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"what exactly stops a city from enacting a 100 year retroactive income tax on those in the 1%?" They will have no funds for their re-election campaign. In an e
by imgabe 8y ago
"what exactly stops a city from enacting a 100 year retroactive income tax on those in the 1%?"
They will have no funds for their re-election campaign. In an extreme case they may die of a mysterious stroke or have an affair suddenly made public.
- malandrew 8y agoWhat if they just pass the tax retroactively on those that are the 1% that moved out of the city and are no longer involved in funding the politics? The idea that something can be passed retroactively in any form is insane.