| ▲ | toomuchtodo 13 hours ago | ||||||||||||||||||||||||||||||||||
~69% of Gen Z support it. Time to success is a function of the age out rate of the 55+ voting cohort (~2M/year). > A new CBS/YouGov poll released Sunday found that 69 percent of respondents under 30 favor candidates who support raising taxes on wealthy Americans. https://thehill.com/homenews/campaign/6096809-gen-z-taxes-we... https://assets1.cbsnewsstatic.com/hub/cms/prod_cms_alt/file/... | |||||||||||||||||||||||||||||||||||
| ▲ | andsoitis 13 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||
> ~69% of Gen Z support it. Then they should vote more. Gen Z participated much less than the general electorate in the last election. In 2024 Gen Z voter turnout in the presidential election was 47% vs 65% overall turnout. | |||||||||||||||||||||||||||||||||||
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| ▲ | SpicyLemonZest 12 hours ago | parent | prev | next [-] | ||||||||||||||||||||||||||||||||||
What the linked poll asked is "Would you prefer to vote for a candidate for Congress who supports tax increases on wealthy Americans?". I would say yes to that, even though I don't support this specific California tax proposal, and I don't think that's a terribly uncommon perspective. | |||||||||||||||||||||||||||||||||||
| ▲ | rvz 13 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||
The desired outcome is that billionaires should pay their "fair share". That's fine, but are the supporters of this sure that this is the best way to do it? Also, do they know who really is going to eventually pay for this tax? Guess. (It is not most billionaires.) On top of that, those taxes will require founders to liquidate their holdings and will also affect employees holding the stock as well so it actually hits tech workers harder. It's bad enough that the large tech companies are now funding AI data centers by selling their own stock. So why would the founders want to tolerate a >$1B-$40B hit to their own net worth for a tax that really is not a one time tax which the threshold of this "wealth tax" will eventually get lowered into the 100M zone? | |||||||||||||||||||||||||||||||||||
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