“America’s Achilles’ heel is its highly internationalized oligarchy: .. ultra-wealthy individuals whose fortunes depend on access to global markets.
“The most effective countermeasure is simple: tariffs for oligarchs.”
@gabrielzucman.bsky.social
https://www.project-syndicate.org/commentary/oligarch-tax-for-multinational-firms-to-maintain-market-access-by-gabriel-zucman-2025-02
“The most effective countermeasure is simple: tariffs for oligarchs.”
@gabrielzucman.bsky.social
https://www.project-syndicate.org/commentary/oligarch-tax-for-multinational-firms-to-maintain-market-access-by-gabriel-zucman-2025-02
Comments
Satisfying yes, but I don't think it's ultimately very effective. I think they fear poverty more than death, tbh.
Siezing assets would, in fact, end them.
It will make people realize the danger oligarchs pose to this country and people will resent the power they have ceded to the oligarchs and a new group of leaders will emerge to balance the scales in our favor.