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That 2% wealth tax is for literally 3,000 people (or less). To quote: > A minimum tax on billionaires equal to 2% of their wealth would address this evasion an
by lelandbatey 3y ago
That 2% wealth tax is for literally 3,000 people (or less). To quote:
> A minimum tax on billionaires equal to 2% of their wealth would address this evasion and generate nearly $250 billion from less than 3,000 individuals.
That seems like a very reasonable and focused policy with pretty big upside for affecting a very tiny proportion of the population, which is generally "the point" of policy proposals such as this.
- readthenotes1 3y agoLol. Look at the history of the US income tax
- jerry80 3y agoIncome tax is specifically prohibited under the original US constitution. The modern federal income tax was enacted in 1913 at 1% for incomes over $3,000 (about $93,000 in today's money). By WWII, we had universal payroll withholding. Thinking the government will be satisfied with taking only a little bit from the wealthy, is like thinking your drug addicted friend will be happy with only a small bump of heroin on weekends.
- the_optimist 3y ago“very reasonable for other people” == zero skin-in-the-game, easily disregarded. If the proposal became “unfocused,” and you were personally subject to a severe punishment, would you support it? We forbid global capture to prevent a dismal future of global conformity.