Robert ReichDec 27, 2022

Three multibillionaires now own more wealth than the bottom half of America – 160 million Americans.

Don’t tell us we can’t afford a wealth tax on the super-rich.

Show threadPaul Yager Dec 27, 2022
@rbreich We should go back to the 1946 tax rate for millionaires where it is 91% after $200k. Maybe update it to 91% after $1 billion. Tax rates were like that until Reagan and "trickle-down" economics.
Show threadStefan SchollDec 27, 2022

@pyager @rbreich billionaires don't get paid in the traditional way. You can't tax them the same.

You need to find some transaction that is specific to this class and tax it.

Show threadPaul Yager 
@Stefan_S_from_H @rbreich That's a good point. A billionaire/millionaire business owner can decide to take a $1 salary. We do need a true wealth tax, even if that wealth is coming from investments or stocks.
Dec 27, 2022 at 10:16pmWeb