Le Coq suggested that when simply considering the 10 biggest fortunes in France, the tax would bring in no less than €13bn for the state.
A 2% tax on billionaires. Give me a break.
The point isn’t to bring in money, the point is to eliminate these blights on society by any means necessary. How bad will the world have to get before something that looks like this happens? When the world was more civilized - the world conservatives constantly pine for - the ultra-wealthy were taxed over 90%, because we knew that too much power in the hands of a single person was immensely dangerous. We knew this intrinsically from generations of being ruled by kings, but we got firsthand experience with it from them constantly fucking up the economy.
There was shame in being wealthy. Hell, there was shame in being rich when I was growing up - it was understood that you couldn’t get mega-rich without stepping on the necks of the working class and being horrible people. It’s nearly Christmas - go rewatch It’s a Wonderful Life for crying out loud. 1946!
Which doesn’t really change the point does it. These people are de-facto kings ruling us; their wealth subverts the entire idea of democracy. You can’t tax them out of existence without taxing their wealth because none of them have any actual income. Banks fall all over themselves to fund anything they care to do.
In any case, 2% isn’t going to do fuck-all even if it gets passed which is hardly a certainty.
A 2% tax on billionaires. Give me a break.
The point isn’t to bring in money, the point is to eliminate these blights on society by any means necessary. How bad will the world have to get before something that looks like this happens? When the world was more civilized - the world conservatives constantly pine for - the ultra-wealthy were taxed over 90%, because we knew that too much power in the hands of a single person was immensely dangerous. We knew this intrinsically from generations of being ruled by kings, but we got firsthand experience with it from them constantly fucking up the economy.
There was shame in being wealthy. Hell, there was shame in being rich when I was growing up - it was understood that you couldn’t get mega-rich without stepping on the necks of the working class and being horrible people. It’s nearly Christmas - go rewatch It’s a Wonderful Life for crying out loud. 1946!
The 90% tax was on income, this is on wealth.
Which doesn’t really change the point does it. These people are de-facto kings ruling us; their wealth subverts the entire idea of democracy. You can’t tax them out of existence without taxing their wealth because none of them have any actual income. Banks fall all over themselves to fund anything they care to do.
In any case, 2% isn’t going to do fuck-all even if it gets passed which is hardly a certainty.