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Awesome. Let’s say they are successful and they recoup a million dollars from each one. That’s $1.6B in extra tax revenue. If they do that for 900 years then t
by prepend 3y ago
Awesome. Let’s say they are successful and they recoup a million dollars from each one. That’s $1.6B in extra tax revenue.
If they do that for 900 years then they will pay for last year’s deficit.
Our financial problems aren’t solved by “taxing the rich.”
Of course, $1.6B is nothing to sneeze at. It should just be part of an overall sustainability plan.
- Guvante 3y agoYou say $1 million like it is a big number. It is not in this context. The 1% have gained $42 trillion since 2020. If they were taxed at capital gains on that it would be $2.8 T per year.
- java-man 3y agoAudit the billionaires next.
- flangola7 3y agoNo one is saying we should only do this and nothing more. Swiss cheese plan.
- nitwit005 3y ago> Our financial problems aren’t solved by “taxing the rich.” So your proposed alternative is to let the rich get away with not paying their taxes, and taxing the poor instead?
- prepend 3y agoIt’s not exclusive. You can tax multiple groups. The financial problem can only be solved by taxing the middle class and cutting costs. Of course you can tax the rich, that helps but is not sufficient. Taxing the poor isn’t very effective because they are poor and don’t have much to tax.