Mastodawn

Daniel Keys Moran Jul 8, 2025

A guy who I've known many decades said that my embrace of the far left had lowered his opinion of me a lot.

We were talking about wealth taxes, qua my earlier post about 90% tax rates. But not just income taxes, estate taxes, real estate taxes, generally speaking, asset taxes.

The billionaire class has to cease to exist. What the bootlickers defending them seem to not understand, is that this is the *nice* way to make that happen.

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David Chisnall (*Now with 50% more sarcasm!*)Jul 8, 2025

@fatsam I think I’m quite far into centre-right to right on this. I think we should have wealth taxes that are aimed at ensuring no one has a net worth over about $100m. I think it’s probably a better plan than the far left alternative, which involves guillotines.

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Daniel Keys Moran Jul 8, 2025

@david_chisnall oh, sure, if you want to call that center right, the label doesn't concern me. Better to tax than chop.

But I'm open to chopping.

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David Chisnall (*Now with 50% more sarcasm!*)

@fatsam

It’s a question of where you put the Overton Window. There are two extremes:

Allow billionaires to accumulate all wealth, control governments, and reduce everyone else to serfs.
Round them up and execute them.

Framing a wealth tax that aims to reduce wealth imbalance to levels that are sustainable in a democracy as an extreme is ignoring one of the real extremes.