Your statement is ignoring the systematic growing inequality in the US between the ultra wealthy and everyone else. And the use of those funds to influence politics (because of Citizens United, etc) to create polices that benefit themselves - it is for the ultra wealthy a virtuous circle:

https://inequality.org/facts/wealth-inequality/

This is not a normal state of affairs.

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kadabra9 2 hours ago | parent [-]

This tax would do effectively nothing to address growing inequality between billionaires and everyone else.

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mjamesaustin an hour ago | parent [-]

I see, so you're suggesting 5% is not enough? I'm listening...

	▲	kadabra9 an hour ago \| parent [-]
		You could confiscate 100% of the wealth of every billionaire in this country and it wouldn’t fund the government for an entire year. It is and always will be a government spending issue, the government can’t help itself but to just steal more from the taxpayers to support their bloat.