Mastodawn

In 2021, Washington State passed a 7% capital gains tax on the rich.

To date, that tax has raised over $850 million dollars — three times what it was supposed to.

Amazon is still here.
Microsoft is still here.
Boeing is still here.

The wealthy are doing just fine. Anyone who tells you we can't tax "job creators" is lying to you.

@LadyDragonfly IMHO #CapitalGains should be taxed like #WageWork / #Labour if not higher and be subject to the same fees and surcharges...

Anything else would be unfair to the masses of people working.
https://www.youtube.com/watch?v=zB1FXvYvcaI

Billionaire's secretary, Debbie Bosanek, has become the face of tax inequality.

YouTube

@kkarhan agreed. Anything less is a deliberate decision to redistribute wealth away from the working class to the non-working class.

@LadyDragonfly *nodds in agreement*

It's also how #solidarity-based systems work, cuz there's no guarantee any of the #billionaires won't become cases for #SocialSecurity or otherwise incapable of making a living with their #CapitalGains.

Not that I wish anyone something bad - far from it - but what if Musk gets hit by a car or Buffet has a Stroke??