[toomuchtodo]

I fully support high marginal tax rates on high earners (70% @ >$5 million/year in income) to help stabilize social security as well as contribute to the general fund. It’s also not a hard choice to make.

I never understand why “tax the ultra wealthy” is always deemed a hard choice, or thought of as untenable. Could they leave the country? Sure! That’s what the exit tax is for upon renouncing US citizenship.

I am not advocating for squeezing the rich to death like a python, but argue that the pendulum has swung to far towards “let them eat avacodo toast and watch Netflix”. The pendulum must swing back a bit.

[ardy42]

> I never understand why “tax the ultra wealthy” is always deemed a hard choice, or thought of as untenable.

I think part of the reason is some of those "ultra wealthy" have spent some of their wealth promoting ideas and policies that are favorable to them, though think tanks, etc. I suppose it's kinda like taking out an insurance policy.

[dragonwriter]

> I never understand why “tax the ultra wealthy” is always deemed a hard choice, or thought of as untenable.

Because the ultra wealthy have disproportionate control of the mechanisms of communication and propaganda and don't want to be taxed.