| ▲ | xp84 5 hours ago | |
Exactly. This is why I don’t support all the current wave of Democrats’ “wealth tax” policy ideas. There isn’t anywhere near enough money in billionaires pockets to keep the promises they’re making - especially once you account for them simply fleeing overseas, and also for even if you “catch” them, the downward pressure on their assets’ value that forced liquidation would have. Once the Democrats who are elected on the fantasy of making Musk and Bezos pay for everyone’s past and future college/student loans, Medicare for all, UBI, high speed rail, while simultaneously closing every fossil fuel plant and subsidizing clean energy to replace it at the same cost — once they’ve failed to raise enough to pay for 1/10 of those promises, they’ll be coming for everyone more “wealthy” than $100k net worth. You can just look how successful the USSR was, or China before they sold out their own Communist ideals. Most people were just subsistence farmers, or factory workers living in crowded minimalist apartments if they were lucky. | ||