Mamdani, the presumptive Democratic nominee to be the next mayor of New York and a self-identified democratic socialist, said Sunday billionaires contribute to inequality.
There should be a tax that ramps up more and more the closer you are to be worth 1 billion dollars. If you are worth 999.999 million 100% of your income is taxed so you never reach 1 billion. And guess what? Your quality of life will not be affected in any way whatsoever.
There should be a tax that ramps up more and more the closer you are to be worth 1 billion dollars. If you are worth 999.999 million 100% of your income is taxed so you never reach 1 billion. And guess what? Your quality of life will not be affected in any way whatsoever.
Tax wealth, not income.
We can give them “would have been dollars” so they can still do their pathetic dick measuring contests
Taxes can, and should go over 100% of income. Billionaires have enough assets to live without income.