BlazeProbably not how it works
ekZepp
earthwormThe wealth tax typically proposed by these campaigns (like 2 or 3%) would raise money but it would not stop billionaires from getting richer. (That’s why even billionaires advocate for it.)
The finish line should not be “raise money to fund public programs.”
The finish line should be “tax wealth billionaires out of existence.”
"tax the rich" is a scam?
KaryoplasmaThere literally should just be a cap. Make it something ridiculous like “billionaires are not allowed to exist, so everything you earn past $999,999,999.99 is public property” and I don’t see any way how someone could disagree with this. That is more than enough money to buy a yacht for your yacht.
Just reinstate 1950s top marginal rates. Then have a drink after a job well done.
The only reason it was ever that high is because the tax code at that time was so full of loopholes/deductions/etc. (that are closed today) that you could have that be the rate with practically no one actually paying it.
What I’m trying to say is, don’t hold your breath for that to ever return in present day.
That quote and image combo don’t seem directly back up your justification.
And I’m not holding my breath. Our country is now run by those same rich people.