Mamdani, the presumptive Democratic nominee to be the next mayor of New York and a self-identified democratic socialist, said Sunday billionaires contribute to inequality.
There should be a tax that ramps up more and more the closer you are to be worth 1 billion dollars. If you are worth 999.999 million 100% of your income is taxed so you never reach 1 billion. And guess what? Your quality of life will not be affected in any way whatsoever.
There should be a tax that ramps up more and more the closer you are to be worth 1 billion dollars. If you are worth 999.999 million 100% of your income is taxed so you never reach 1 billion. And guess what? Your quality of life will not be affected in any way whatsoever.
Tax wealth, not income.
Taxes can, and should go over 100% of income. Billionaires have enough assets to live without income.
We can give them “would have been dollars” so they can still do their pathetic dick measuring contests