I have zero problem with a big wealth tax on billionaires.
Not because they don't "deserve" the wealth or it's "unfair" in an economic sense. Not because it "pays for" M4A. All BS arguments IMO.
But because wealth of this magnitude creates permanent and unjust POLITICAL POWER.
Not because they don't "deserve" the wealth or it's "unfair" in an economic sense. Not because it "pays for" M4A. All BS arguments IMO.
But because wealth of this magnitude creates permanent and unjust POLITICAL POWER.
Sadly, the “shrink gov’t to reduce oligarchs’ political power” narrative has been COMPLETELY hijacked by oligarchs to mean tax cuts and deregulation - both of which increase their power, not decrease it.
Sadly, we’re back in a Teddy Roosevelt world.
Break up the modern trusts.
Sadly, we’re back in a Teddy Roosevelt world.
Break up the modern trusts.
It’s weird to me that everyone who owns a home pays a wealth tax without complaint, but god forbid someone wants a wealth tax on freakin’ billionaires.
I think it’s because your property taxes are built into your monthly mortgage payment and so you never think about them.
I think it’s because your property taxes are built into your monthly mortgage payment and so you never think about them.
Good lord, people, when I say that property taxes are a wealth tax we pay w/out complaint, I don’t mean no one complains about prop taxes.
I mean property taxes ARE a wealth tax, but no one breaks out the “taxation is theft!” banners because you don’t think of them that way.
I mean property taxes ARE a wealth tax, but no one breaks out the “taxation is theft!” banners because you don’t think of them that way.
It’s like the people who think social security taxes are anything but an incredibly regressive income tax or that they go into “your” retirement account, just because it’s not called an “income tax”.
