[qzw]

Almost all wealth tax proposal I’ve seen start at the level of 8-9 figures of wealth. Why are we now talking about it as if it’s going to apply to your average person’s savings account? If we’re just going to accept these billionaire-invented narratives around the wealth tax, then there’s really no point in discussing the actual pros and cons of these proposals.

[tclancy]

Because it’s the standard playbook for dealing with even the slightest suggestion of fairer taxation. Trot out an old dude in a suit from a Foundation, make sure to avoid anyone knowing exactly what that foundation does or who funds it and have him suggest it’s a really nice idea, but the unforeseen consequences will actually hurt “working people like you and me”. Present as fact, job done.