How can anyone think this would not be a good idea?
Warren Gunnels @GunnelsWarren
23 Jan 2021
Under Bernie's Make Billionaire's Pay Act, Jeff Bezos would owe $52 billion more in taxes and would still be $35 billion richer than he was before the pandemic. And that bill would raise enough revenue to cover all out-of-pocket healthcare costs of the American people this year.

Jan 23, 2021 · 6:42 AM UTC

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Replying to @marwilliamson
Good to tax Bezos to reduce inequality and power, but we don’t need his money to pay for healthcare. Money is a public good that can be spent into creation when Congress chooses to spend on healthcare. Would you be interested in learning more ? Lots of MMT resources out there.
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Replying to @marwilliamson
This is a fantastic idea!!
Replying to @marwilliamson
HUD-2013 cost to end homelessness $20 billion. There are ab 5 other problems we could fix with that $$. Also all current US medical debt ab $45 bill
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Replying to @marwilliamson
Democracy is eroded. Corporations own everything. They control communication... water supply... and more. It should frighten everyone.
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Replying to @marwilliamson
Of course the idea is correct. That is not the question. The question is who owns Congress?
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Replying to @marwilliamson
Tax Increases are never popular, and selecting a group as a target does seem unfair. Sure, some business are better run and were able to make more money, but a purely confiscatory tax is essentially un-American.
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Replying to @marwilliamson
Just because his gross wealth is a certain amount doesn’t necessarily mean it can be taxed higher. A person may have a net worth of 1 billion but his annual income could be 100k. Poor analogy.
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Replying to @marwilliamson
When you're in the pockets of said billionaires.
Replying to @marwilliamson
And what about next year? Meaningless analogies.
Replying to @marwilliamson
I don’t know, I wholeheartedly agree, no fracking way would Bernie advocate for this.
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