2 ms·
The billionaire tax would just restore things to normality. Throughout human history people with money they have always hid themselves, lying low, slowly distr
by GDC7 5y ago
The billionaire tax would just restore things to normality.
Throughout human history people with money they have always hid themselves, lying low, slowly distribute their riches across a myriad of heirs and nominees in order to conceal their true net worth.
This makes sense both from a self-preservation point of view as well as a quality of life perspective. You don't want to second guess any social relationship that you have and think if people are just orbiting you because they want a piece of the pie.
In America none of that happens, you have 5 different billionaires having their own space program.
People inflate their number to get in the Forbes 400 , not the other way around, there is a sense of impunity about being rich and the notion is that you can buy your way out of any problem if only you can throw enough cash at it.
I am not saying that a billionaire tax on unrealized gains is good or bad, but looking at our history as a specie it would just be NORMAL.
What's abnormal and unprecedented is what is going on right now