This week alone Elon Musk's fortune grew by $36 billion, yet he goes out full blast to criticize a proposed wealth tax on billionaires. Kinda makes you want to tax him a whole lot more, doesn't it?
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no, we shouldn't tax unrealized gains
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Replying to @brostoevksy
I like Elizabeth Warren's plan: 2% on assets of over $50M, then another 1% on assets over $1B. And remember: at that level of wealth, such a tax would still allow the very, very rich to remain very, very rich.

Oct 27, 2021 · 12:49 AM UTC

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Replying to @marwilliamson @brostoevksy
You just looking for an easy way to pay for their spending
Replying to @marwilliamson @brostoevksy
Wonder why she chose those incremental values... probably because of the assets she has in her name fall in just under $50M
Replying to @marwilliamson @brostoevksy
Sure. So they sell their stocks to pay this silly tax, and the $30k in my 401k drops so I get to retire later. Thanks!
Replying to @marwilliamson @brostoevksy
And of course there would never be "mission creep".. where the government decided to increase the percentages and decrease the level at which they decided you had too much money.
Replying to @marwilliamson @brostoevksy
Which does not make it moral or constitutional to seize any individuals property. Nor would this tax stay just with billionaires. Income tax was originally only supposed to be on the wealthy as well. How did that one turn out?
Replying to @marwilliamson @brostoevksy
and why pay 500BILLION FOR ILLEGAL ALIENS EACH YEAR? PLUS AID TO THEIR FLEEING COUNTRIEs, they steal our jobs and send money back to these countries to boost their economies. How does that help the american taxpayer?