Quote:
Originally Posted by nfotiu
If that's what he cared about, wouldn't he just support Trump?
Wealth taxes are another one of those nice ideas, but don't generate nearly as much revenue as planned, have negative effects, would be expensive to maintain and may not even be legal.
https://www.npr.org/sections/money/2...pe-kill-theirs |
There are rich who would like to stay rich but still don't agree with Trump. Also wealth taxes have been the rich's boogie man all over the world, with the GOP (especially with the whole Bush era "death tax" push), in Europe, everywhere.
It would make sense to lobby any way you can to say yourself that money. And a wealth tax is like any tax, details on how it's levied, structured and collected will determine whether they are effective and generate enough revenue. Wapo piece on this
https://www.washingtonpost.com/outlo...5dd_story.html