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[–] 9 points 13 hours ago (4 children)

I will never understand how people who are dumb enough to pay more money stopping a tax than they'd have to pay if the tax passed were able to make so much money in the first place.

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  • [–] 12 points 11 hours ago (2 children)

    Because if you do the one-time tax, people might start asking for a permanent rise in billionaire taxes. When it succeeds, people might start asking about broader redistribution policies.

    They cannot allow one single victory, because any momentum to the left threatens their absolute power, and wherever possible will crush it under their heel.

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  • [–] 2 points 5 hours ago (1 child)

    But it's a wealth tax. What do you do if their wealth goes down before if realized into cash? So you refund them?

    What do you do when they don't have the cash to pay the tax? Force liquidations? Who buys the assets? Blackrock or china?

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  • [–] 5 points 4 hours ago

    There are plenty of ways to set up a taxation system to deal with unrealized assets. And as far as what to do when they don't have the cash, why should we treat billionaires different? If they can't pay immediately, they can set up an installment plan.

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