Sad day when “billionaires should pay taxes” is considered a far left position.
Wealth taxes actually work, that’s why the rich attack them so vehemently.
Do billionaires actually have billions in real money sitting around? I’ve always thought the billions were in stocks and couldn’t be taxed until they cashed it out and they could technically lose everything if the stock price falls. That’s really fucked up if true
Wealth taxes are stupid. That said, nobody needs multiple hundreds of billions of dollars.
The solution is to have regulations and laws in place that prevent them getting this large in the first place. The fact that Amazon and Google own 90% of the internet is absolutely fucked.
I agree, no one should be able to hold such an obscene amount of wealth. Right now they do, though. How do you propose this be remedied?