A billionaire I know once told me “My taxes are so low it’s obscene.” There should be a #WealthTax of 2% on assets over $50M & and an additional 1% on assets over $1B. Our government’s groveling at the feet of the ultra rich is the surrender of our democracy to oligarchic rule.

Jul 5, 2021 · 6:39 AM UTC

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Replying to @marwilliamson
That’s not nearly enough. We need to bring back the tax rates of the 1950’s.
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Replying to @marwilliamson
IMO, there should be a wealth tax to place limits on dynastic oligarchies as well as to ensure some level of "fairness" wrt benefits reaped from society & burden shouldered in maintaining and advancing it. (Determining what that tax should be is above my pay grade...)
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Replying to @marwilliamson
There is absolutely no obstacle for this billionaire to pay to the feds whatever amount of money he/she believes is the fair amount. But he/she doesn't get to decide what other billionaires should pay.
Replying to @marwilliamson
No. Enforce a higher global tax rate on corporations and eliminate all personal income taxes.
Replying to @marwilliamson
Should be 100% past a certain amount, they just use it to buy the government.
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Replying to @marwilliamson
From 50 million to 999 million no increase in the tax rate. How about 1 percent every 10 million maxed out at 20 percent.
Replying to @marwilliamson
Don't worry there is a wealth tax in NYC, more regressive than a poll tax, on middle class property owners who pay for annual UBI for multi-million $ Brownstoners in Bklyn, among them the mayor, most of the candidates to replace him and media types.
Replying to @marwilliamson
There is no Greater Country to rescue us from the Oppressor this time, cus we were it! We must leave at this point. #Rev18 #ItsHappeningAgain
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Replying to @marwilliamson
How about this: since raising taxes just gives Republicans a bigger bat to hit with, we work to elect courageous leaders who force them to pay their fair share by closing all loop holes & enforcing the tax laws. Steal their thunder & stop the steal.