Whenever I say we should return to 1940-1980 tax levels for the super wealthy (billionaires) of 91%+ marginal tax I hear, "If you do that billionaires will leave America."
To which I say:
1. Didn't happen last time, won't happen now.
2. Promise? Don't threaten me with a good time.
#TaxBillionaires
To which I say:
1. Didn't happen last time, won't happen now.
2. Promise? Don't threaten me with a good time.
#TaxBillionaires
Comments
Where are they going to go where they won't get taxed?
Duh!! That’s kind of the point?!
If billionaires actually invested their money in the economy instead of hoarding it, we wouldn't be in this mess.
Also there is a stat in this article that I found surprising: there are only about 68k people, globally, who are worth $100 million or more. Are we f'n stupid to let this small number of people effectively rule us?
https://www.irishtimes.com/opinion/2024/08/10/plan-to-make-billionaires-pay-more-tax-is-gaining-support-globally/
Let them take themselves and their bank accounts with them and leave our resources with us, the people.
Country with few billionaires: Sweden.
Where would you live? 🙂