The Arizona weirdo has compelled the Democrats to abandon taxing the rich—so they’re proposing to tax rich folks’ unearned gains.
This reconciliation bill is being opposed by every Republican in Congress as well as the drug companies, the insurance companies, the fossil fuel industry and the billionaire class. They want to maintain the status quo in which the rich get richer.
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A wealth tax would raise badly-needed revenue. More importantly, it could reduce the fortunes—and power—of billionaires
The billionaires headed for space are flying with money from taxpayers and/or money that should have been paid as taxes!
Instead of debating tweaks at the edges of our tax system, what we should be doing is stretching ourselves to imagine a world where billionaires are impossible.
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We are tempted into believing that a system can be defended that allows a man to accumulate more than $100 billion. It can’t.
On Tax Day, there’s more than one elephant in the room, and they’re all in mansions.
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