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by aantix 2985 days ago
And it’s an overstated solution. I don't think people have a sense as to how incredibly large the U.S. budget is - for 2016, the expenditures were nearly $4,000,000,000,000 (trillion). Even if you seized the assets of the top 10 richest (which took them a lifetime to accumulate), you're not even close to covering the U.S. budget for a single year.

The military budget is the elephant in the room that no one will address for fear of appearing as soft or anti-American.

1 comments

True, but 8 people hold 50% of the world's wealth, and pay less in taxes on a percentage basis than us normal slobs. There's no reason we shouldn't tax them and everyone who has more than they need for 1000 lifetimes at 90%, no matter how long it took them to acquire their wealth. It's obscene.
But there’s a huge difference between making a moral case for taxing the wealthy, and making it possible to tax the wealthy, isn’t there?
Why penalize hyper-productivity?