A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
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A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer the rich can pay 1% of assets under management to wealth managers for uncertain returns. Spending an additional 1%AUM to fix the economy would probably lead to better returns.
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A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer every gd one of them
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A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer
We can't do that! With a 1% annual wealth tax, in fifteen years, they'd have five times as much money as they do now! -
A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer
And don't adjust the lower limit upwards til inflation gets us to where most doctors reach past it at some point in their lives.
If anything, add another % at 10 billion, and another at 100 billion, etc. -
A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
Here is another worthy idea to pursue at the state level.
The states have the constitutional right to dictate the terms of corporate operation within their territory. They can forbid corporations from spending money on political parties or politicians at least that’s my understanding.
There’s more than one way to skin citizens United. I think Robert Reich has spoken on this just recently.
Antitrust is unnecessary component of bringing morbid wealth back to earth
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A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer think of what that will cause, they might threaten to move to Idaho or Wyoming where only corrupt uncritical journalists & influencers will visit them all on private planes!
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A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer
Yeah and make sure moving to Florida or Nevada or wherever doesn't extinguish the tax liability. Tax income, cap gains etc. based on where they're earned, not where the tax cheats have fled to.#uspol #TaxBillionaires #TaxMillionairesToo #EisenhauerTaxRates
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A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer I am sorry, but this is a bad idea. We should tax things we want less of, but we should want more billionaire entrepreneurs
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A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer how many billionaires are in Illinois? I imagine there are like 5-10 maybe? Sports team owners and bank dudes. I imagine a world where every state but one taxes the shit out of billionaires. Maybe put a jet tax in them so they can't just fly in do business and fly out.
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A 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
@theleftistlawyer it would be interesting to make a table showing wise could be done with every percentage taxed (1,2,3,4,5,6,7,8,9.....).
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@theleftistlawyer
We can't do that! With a 1% annual wealth tax, in fifteen years, they'd have five times as much money as they do now!@brouhaha @theleftistlawyer how do you logic that?
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@theleftistlawyer I am sorry, but this is a bad idea. We should tax things we want less of, but we should want more billionaire entrepreneurs
@a @theleftistlawyer billionaires exist because of a failure in society. Somebody was not held accountable when stepping on all the necks necessary to accumulate such extraordinary wealth. At my current, decently-paid, civil service public safety job, I would have to work over 1,200 years to accumulate one billion dollars. Gross, not net. No single individual needs, or deserves, that much money and influence. Not even the "nice" ones.
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