this post was submitted on 10 Oct 2023
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Futurology
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Rich people. Increase taxes a tiny bit on the 1% and this will be paid for, and then some.
Well not a tiny bit. Increase taxes in the 0.1% a whole fuckload. I’d increase taxes on billionaires to 90% and start freezing assets of anyone who tries to go overseas to avoid them. levy the world’s strongest ever economic and geopolitical sanctions against countries that harbor billionaire american tax evasion expats or something.
Let's see someone run on that platform and not get JFKed before election day first.
Ok what do you do when foreign investment dries up and no foreign entity wants their money in your bank since you have a habit of seizing it? How strong is the economy then?
I don't think you understand the consequences