RT: @implausibleblog Zack Polanski, "A wealth tax won't fix everything but it would be a very good place to start"
"1% on £10 million, and 2% on £1 billion, would raise around £15 billion a year"
"A clear message that those who have accumulated the most money will pay a little bit more"
"For a
@ZackPolanski
Any objection to a wealth tax is irrational: When the poorest people have enough to live on, what do they do with it? They SPEND it! Often on the goods & services the WEALTHY have invested in! The entire economy grows, and the wealthiest are thus no worse off.
But neither are the bottom 0%-10%-50%. 🤷
(Personally, I believe NO-one has ever *earned* a £billion+ so that level should be taxed 100%, but this should require intl coordination.)
Zack Polanski
KevinOnEarth