3 ms·
> For every dollar over median wealth they should face a 10% wealth tax so that we can fund universal healthcare. A ten percent wealth tax would put most inves
by mr_toad 8mo ago
> For every dollar over median wealth they should face a 10% wealth tax so that we can fund universal healthcare.
A ten percent wealth tax would put most investment returns into the red. Savings and investment would plummet. Capital would flee the US, interest rates would skyrocket, the US dollar would become worthless, the housing market would collapse. You wouldn’t be able to fund roads, let alone universal healthcare.
- renewiltord 8mo agoYeah, all that's true but I noticed you didn't mention inequality. What would happen to inequality?