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It's actually much simpler than that. We need to pay down the debt, and because the rich have most of the money they are going to need to do most of the paying
by terminalshort 8mo ago
It's actually much simpler than that. We need to pay down the debt, and because the rich have most of the money they are going to need to do most of the paying down whether or not they directly are responsible for it or benefited from it. It's simple math. But what does this have to do with a wealth tax? The entire concept is stupid. Income an capital gains rates can be increased.
- johnnyanmac 8mo ago>But what does this have to do with a wealth tax? The entire concept is stupid. Why do you think that?
- terminalshort 8mo agoHere's a good explanation from an economist: https://www.noahpinion.blog/p/theres-not-that-much-wealth-in-the https://www.noahpinion.blog/p/theres-not-that-much-wealth-in...