Billionaire tax is how they started income tax.
Aside from the stupidity of this, once the camel’s nose is in the tent, the cut off will rapidly creep down and effect the middle class.
Bingo!
Aside from the stupidity of this, once the camel’s nose is in the tent, the cut off will rapidly creep down and effect the middle class.
Double Bingo!
Income tax is not wealth tax. The latter is a fee on what you have worked for over the course of your life and managed to save — perhaps for retirement.
Put the issue a bit into context. This position is from those who have never worked productively in any context. They are politicos — AKA, parasites.
The US already has a wealth tax in place — any property tax. If your home is taxed on its assessed value the state can take it away if you do not pay — that is the purpose. The precedent has been set in place. If this is not resisted on every level it will be enacted.
You will be slaves thereafter. That is the purpose.