A Whole Lotta Nothing
Putting a 25% tax on 750 people to benefit the 330 million other members of the American public? Maybe you can see why it's not a radical idea when middle-class people are already paying higher rates themselves. To be clear, those affected by the rate increase would continue to be billionaires—it's just that their fortunes would grow past a billion at a slightly slower pace.
Escape velocity is a great way to think about when enough is enough for any one human to have. Society doesn't see much benefit from allocating so many resources to a small number of individuals. The standard argument is job creators! but that's a joke in a world where record profits lead to mass layoffs.
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Hi! You're reading a single post on a weblog by Paul Bausch where I share recommended links, my photos, and occasional thoughts.