Sunday, February 03, 2019

Wealth Tax

Would be incredibly difficult to administer.

It's almost as if Elizabeth Warren didn't think this through.

Not that my priority is securing the wealth of those with tens of millions into the billions, but let's be honest: this idea is about punishing the rich more than helping the rest of us. It is about resentment, foremost.

IDEA FOR COMPROMISE: I'd be open to a one time wealth tax if all the money is only spent to pay down the debt.

ASIDE: Like most progressive ideas, it seems reasonable - even good - at first glance, but gets worse when thinking about how to execute and even worse should we try and execute.

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