“No more, The country clubbers sell out they shell out. we should hit them where it counts raise their taxes. If that doesn’t bring them around then raise them again and again.”
The only taxes that will hurt the 1% are 1) an intangibles tax, 2) wealth/assets tax, 3) tax capital gains and carried interest at ordinary income rates.
In the early days of the Republic most wealth was in land, hence property taxes. Today the wealthiest Americans (the 1%) hold their wealth in securities (intangible assets). In addition, many of the wealthiest on Wall Street and in private equity are able to structure their earnings as carried interest and capital gains, not ordinary income.
Since most of the wealthy seem to be funding the destruction of the Republic, perhaps it is time to divert some the assets they use to support progressive organizations to the public treasury. After all, it is only “fair”.
I am not sure those are the taxes I would raise on them. But, it is nice to see someone else here is on the same page.