Thereโs roughly 565 billionaires in the United States, the most anywhere in the world. Their $ value is somewhere in the $6 trillion range.
If Uncle Sam taxed them just one penny on the dollar, the annual tax would be about $60 billion dollars.
They wouldnโt miss it.
Once a person earns $1B, then they are automatically taxed a billionaire tax $0.01.
No loopholes! They can pay other taxes too. The $0.01 tax stays.
Itโs the least they can do for society. $60B a year can help so many people!
George E. ๐บ๐ธโฅ๐บ๐ฆ๐ต๐ธ๐ณ๏ธโ๐๐ณ๏ธโโง๏ธ
in reply to CopterDoctor • • •Fuck that, let's tax billionaires 90%. That's still less than the highest tax rate in US history.
Want to cut down the deficit?
Tax the churches and the billionaires.
Maybe America will wake up to that fact before I die and I'm well past middle-age.
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George E. ๐บ๐ธ♥๐บ๐ฆ๐ต๐ธ๐ณ๏ธ๐๐ณ๏ธโง๏ธ and Sozan reshared this.