2% on assets of $50M or more, plus an additional 1% on assets of $1B or more (Elizabeth Warren’s plan). It is obscene that they do not pay more. #WealthTax
Rep. Ro Khanna
 @RepRoKhanna
14 Mar 2021
US billionaires’ wealth grew $1.3 trillion during the last year of the pandemic.  We can afford a wealth tax.

Mar 15, 2021 · 2:41 AM UTC

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Replying to @marwilliamson
You are showing your ignorance Marianne.
Replying to @marwilliamson
OBSCENE
Replying to @marwilliamson
Democrats solution to everything....raise taxes....taxes taxes and more taxes
Replying to @marwilliamson
But is valuation actually wealth? Its not a bad idea but the structural problems in our society can not be fixed just by better numbers on a balance sheet. The process of turning stock holdings into affordable housing is complex and inefficient
Replying to @marwilliamson
Determining asset value is expensive and guesswork. That's why means testing is done to poor people and the wealthy are only rarely audited. If you want to tax the rich, tax asset transfers (sales) of expensive things. Or do everything and link it to a sufficiently high UBI.
Replying to @marwilliamson
It is time to take it all.
Replying to @marwilliamson
Absolutely, THEY can afford it!
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Replying to @marwilliamson
Make it 10%
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Replying to @marwilliamson
5% on $50M+, 50% on $1B+ You’re thinking too small
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Replying to @marwilliamson
This is crumbs.
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