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by ahaferburg
31 days ago
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The point of a tax is to steer society, not to compute some sort of equivalence. Billionaire wealth has increased by way more than the 5 % mentioned over the last couple of years. This oxfam article [1] says 81 percent in 6 years. Wealth for the middle class means safety and stability. Wealth for the richest of the rich means power, and that threatens any democracy. The goal should be to prevent extreme inequality. It's supposed to be one person=one vote, not one dollar=one vote. The example mentioning $100 is just tasteless. Wealth taxes are relevant only to people for which $100 means absolutely nothing whatsoever. The article carefully avoids clear words. What's your conclusion here, dear Paul? Why are you intentionally staying vague? Nobody asked how to convert between wealth and income tax. So exactly why are you educating the public about this topic? [1] https://www.oxfam.org/en/press-releases/billionaire-wealth-j... |
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