TAX THE RICH? I ask again: What exactly does "tax the rich" mean when progressives tweet it? The rich are already taxed, so it's a completely empty phrase without concrete numbers. Will they support a 100% #WealthTax over $10 million?
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Replying to @peterdaou
2% on wealth over $50 million, 3% for wealth over $1 billion.

Sep 26, 2021 · 4:41 AM UTC

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Replying to @marwilliamson
I think I'm being generous with a 100% wealth tax over $10 million for individuals, $20 million for couples. No one on earth needs a net worth of more than $10 million.
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Replying to @marwilliamson @peterdaou
Oh wow Marianne, such big numbers. What a revolutionary! Give me a fucking break. The time for those rates has long passed.
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That’s for a wealth tax specifically, not a regular tax rate!
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Replying to @marwilliamson @peterdaou
That’s pathetic Marianne. Billionaires shouldn’t exist
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Replying to @marwilliamson @peterdaou
That’s nothing. Peter’s suggestion is better, it might actually impact the power the rich have over the system
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Replying to @marwilliamson @peterdaou
Marianne, tax funds nothing. All are nothing but numbers typed on banking ledger software. Tax has one simple function, which is to withdraw enough money from the economy to avoid hyperinflation. It's subtle but not too complex. We should all wake up and see it.
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Replying to @marwilliamson @peterdaou
Why so little? There should be NO private hoards of wealth that large - the very idea is obscene and inherently destructive to equality and democracy. The society that permits sociopathic hoarding on that scale is suicidal and insane. Tax wealth over 5 million at 99.99%.
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Replying to @marwilliamson @peterdaou
Tax the parasite Usurper Class out of existence and send the useless ex-billionaires to the Mountainside to clear their minds and harden their bodies with physical labor.
Replying to @marwilliamson @peterdaou
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Replying to @marwilliamson @peterdaou
Why do they need $50 million? No, Peter is right, $10m should be the absolute ceiling, no one needs more.
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