They (billionaires) should not exist, full stop. If they were actually taxed the way we used to in this country, we wouldn’t have these security threats.
“My kids, who are 10, 12 and 14, you could tell them, ‘You know what, when you retire you’re gonna get money at 70, not 65.’” he said. “Do you think they’re gonna care?”
b-b-but, nobody will want to do good work if they don’t have the extremely weak opportunity to enrich themselves by taking advantage of other’s labor!!!
The ones being singled out are poor people and the middle class. The rich get preferential rates, deductions that only apply to them, the ability to have armies of accountants and lawyers to limit their liability, and are far less likely to be audited.
It SHOULD be that all income within different brackets should be taxed the same. The rich only pay more because they have more. We all should be taxed 50% on income over $500,000, it’s just that most of us don’t have any income over that.
I wonder if he feels the same about healthcare, housing, food, and clean water. Regardless of how much shit he has, he can live in the same apartment with the same public water and food deserts and a doctor that isn’t on his personal staff.
It’s the first step in a wealth tax. In the future a government “wealth assessor” will inventory everything you own or invest in, make an arbitrary determination of how much its “worth”, and then set your taxes. Like property tax but a million times more complex and arbitrary.
Literally the first paragraph of OPs article: “The plan would impose a 25 percent minimum income tax on anyone worth at least $100 million.” I.e. if your asset size is less than a certain threshold it won’t affect you. So it will require audits of asset size to accurately tax.
Add comment