Sheryl WeikalA 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
🇺🇦 haxadecimal 🚫👑@theleftistlawyer
We can't do that! With a 1% annual wealth tax, in fifteen years, they'd have five times as much money as they do now!
We can't do that! With a 1% annual wealth tax, in fifteen years, they'd have five times as much money as they do now!
Critical Angle@brouhaha @theleftistlawyer how do you logic that?
Alexandre Marcati@criticalangle @brouhaha @theleftistlawyer with return on investment, wealth grows much faster than 1% a year. More like 1% a month or more. So even if it's taxed 1% a year, it still keeps on growing.