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To be clear, I agree that by itself, a single stock won't make any systematic difference. I was explaining what the parent was claiming. Regarding your propose
by monoideism 6y ago
To be clear, I agree that by itself, a single stock won't make any systematic difference. I was explaining what the parent was claiming.
Regarding your proposed solution, I fear that thanks in part to Citizens United, the wealthy and powerful have such a strong hold on our government, that any increased taxes will only be funneled back to them through corruption, regulatory capture, and big gov contracts.
Ideally, a large wealth tax on the super-wealthy would simply result in a "citizen's dividend" where each of us would get X amount as a citizen. Using the benefits for government spending will just be used to build a larger federal apparatus that will be used against the middle and lower classes. This should be clear by now.