Mastodawn

Wealth of top 1% in 2020: $30 trillion

Wealth of top 1% now: $44.6 trillion

That’s an increase of nearly 50%.

I don’t want to hear that the super-rich can’t afford a wealth tax.

They are literally the richest they have ever been.

@rbreich But they need more yachts.

@rbreich
I can picture Trump dividing the US into duchies.

@rbreich Tax their capital gains, either when they sell or when their heirs sell. No more cap gains resetting upon death.

Much easier than a wealth tax.

@rbreich They can afford a 99% wealth tax and still be multi-millionaires.

@rbreich what we can't afford are super-rich people.