Not without everyone else banding together, they won't.

Come now, you rich people, weep and wail for the miseries that are coming to you. Your riches have rotted, and your clothes are moth-eaten. Your gold and silver have rusted, and their rust will be evidence against you, and it will eat your flesh like fire. You have laid up treasure for the last days. Listen! The wages of the laborers who mowed your fields, which you kept back by fraud, cry out, and the cries of the harvesters have reached the ears of the Lord of hosts. You have lived on the earth in luxury and in pleasure; you have fattened your hearts in a day of slaughter.

Don't worry, the free press will keep everyone honest.

Why is it even an industry? This should not be an industry, there has to be better ways tho reign in spending and stick to the facts

Not just the US. I believe capitalism achieved that almost everywhere. People thrive on the idea of suddenly being rich and//or believe themselves to be rich because they have more than someone else they can look down on.

In Germany the leading politicians often fuel this too. When they talk about equality they talk about making those that earn much give more to support those that earn far less or nothing. In the grand scheme of things, even the high earners are poor. The rich people don’t have to earn anything it all. But that is never mentioned (by said politicians).

They (“up there”) basically managed to instigate a class struggle between workers.

Yes, because the inequality gap gives them huge gobs of power. The chasm is so great that, to us peseants, it looks wasteful. Paying additional taxes is a double negative to them; it would reduce their “wealth” leverage, while theoretically improving our quality of life. How does one protect their generational hoard without the inequality that exists today?

Their incredible wealth also provides the epistemic privilege and validation to what many of us can only assume. This only furthers the need to hoard.

John Randolph of Roanoke "I am an aristocrat. I love liberty, I hate equality."

Georg Büchner: "The breath of an aristocrat is the death rattle of freedom."

See that’s the thing.

I was indifferent from the sake that I am too tired to do the research on what exactly is written to have an informed opinion.

Then I saw how much the billionaires are fighting it.

Shit if they were just indifferent and stayed out of it I wouldn’t vote one way or the other.

Now me my parents and my partner are all voting for it.

Good job asshats.

That's the bonkers part. Not a single one will have to skip a private jet flight even after both trying to buy this and pay the tax.

It's a one-time tax of 5%, FFS.

You could make it something paid every year, or a one-time tax of 50% and they would still never miss a meal, never not have a roof over their head, never have to skip out on buying stuff like yachts and private jets and have lavish vacations, etc.

This is just about how much the idea of them contributing to the society that has given them so much offends them. This is the class that prides themselves on finding ways to pay the very least amount of tax possible, even though they won't miss it at all.

It's a sickness.

The tax would collect from 30 to 100 billion so they are only spending whatever they found under the couch to fight it

It's not even like they have to pay this annually. It's a one time tax. Pathetic.

Sergey Brin looking like a defendant on Law & Order: SVU

They don't care if they spend more than this wealth tax would cost, they don't want the precedent set that they can in fact be taxed