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5 hours agoWealth taxes target accumulated wealth. If you’re trying to reduce income inequality that is the only possible measure that will help - aside from the longer term of estate taxes. Taxing income only slows the accumulation - which doesn’t actually matter if someone is already sitting on a mountain of wealth, and like Elon, using it to attack democratic society.
I would vote for this if all it did was like money on the ground and burn it. Any dollar they don’t have is a dollar that they’re not screwing me over with inflated asset prices.