Two proposals—one in California, one in Congress—could finally do it. The alternative is an ever-more-powerful billionaire class that threatens democracy itself.
If you tax income then the ultra wealthy can find some financial construction to ensure that they have zero income. Of course, this is also true for wealth (see: the Gates Foundation), so maybe there is no good solution. 😅
If you tax income then the ultra wealthy can find some financial construction to ensure that they have zero income. Of course, this is also true for wealth (see: the Gates Foundation), so maybe there is no good solution. 😅
As long as you make the conversion from “financial construction” to “personal benefit” a taxable event, I’m not sure I have a problem with that.
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If magazines like Forbes can make up a system to measure the wealth of the richest, then there is a way to tax them.
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