Midway through, there's a section where they bust 3 myths about taxing billionaires.
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Midway through, there's a section where they bust 3 myths about taxing billionaires.
Luckily I'd just watched this video one day before getting into a wealth tax discussion with a youngish white guy who trotted out, "Actually the top earners in this country pay most of the taxes already," so I was able to reply, "From what I've read, that may be true for like the top 10-15%, but not the billionaires. A wealth tax for them would be a rounding error. Why is it important to protect them when that money could help ordinary folks who are having trouble making ends meet?"
How to Stop the Billionaire Takeover | Gabriel Zucman on the Wealth Tax & Prop 40
https://m.youtube.com/watch?v=gk9pDTI_uak -
J jwcph@helvede.net shared this topic
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Midway through, there's a section where they bust 3 myths about taxing billionaires.
Luckily I'd just watched this video one day before getting into a wealth tax discussion with a youngish white guy who trotted out, "Actually the top earners in this country pay most of the taxes already," so I was able to reply, "From what I've read, that may be true for like the top 10-15%, but not the billionaires. A wealth tax for them would be a rounding error. Why is it important to protect them when that money could help ordinary folks who are having trouble making ends meet?"
How to Stop the Billionaire Takeover | Gabriel Zucman on the Wealth Tax & Prop 40
https://m.youtube.com/watch?v=gk9pDTI_uak@copharynx Also, lest we forget, aiming taxes directly at the wealthiest is not just about tax revenue - historically it's explicitly a way of making them less rich so they cause less trouble in society.
We don't have to pussyfoot around this; billionaire taxation IS about taking a good chunk of their money away from them. We don't have to apologize for prioritizing the best interest of everyone else above their avarice.
