We should be talking about this a whole lot more. #WealthTax
Robert Reich @RBReich
1 Mar 2021
A good idea worth broad support: The Ultra-Millionaire Tax Act would raise ** $3 trillion ** over 10 years from the richest 100,000 households (0.05%), without raising taxes on the 99.95% with under $50 million of wealth.

Mar 2, 2021 · 4:46 AM UTC

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Replying to @marwilliamson
Reich is not a good economist. More Friedman, less Reich.
Replying to @marwilliamson
in the US, for profit programming by massive corporations masquerades as ‘journalism’ & ‘news’ guess what? the giant corps pumping out that for profit programming have decades long trillion dollar relationships with other massive corps & don’t want to talk about wealth taxes
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Replying to @marwilliamson
“Public policy makes it easier for the rich to get richer and harder for other people to even survive.” Marianne Williamson #WealthTax
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Replying to @marwilliamson
On the plus side, it is the only truly effective way to tax very wealthy people and can raise a lot of revenue. On the negative side, it really does drive away capital and jobs from your state or country.
Replying to @marwilliamson
If we want to save our species and others, we must abandon #Capitalism and move to a #ResourceBasedEconomy.
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Replying to @marwilliamson
Definitely!
Replying to @marwilliamson
Tax code should be changed but a wealth tax isn’t a good idea.
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Replying to @marwilliamson
Buffet, Gates and more than 14 billionaires have already committed to give their fortunes away
Replying to @marwilliamson
I won't hold my breath. It's 2021.... 2030 fossil fuel emissions have to be cut in half in 9 years. but hey we can't get $15/hour. Ain't look'n likely.
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Replying to @marwilliamson
Weird that the Euro tried a wealth tax and all have reversed.
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