Comment by bjourne
1 day ago
If it can be rationally argued that the success of the billionaire class is mostly down to luck, size and "quality" of their lineage's social network, exploiting legal loopholes, and immoral conduct, then it follows that we should demand much more of their wealth for the betterment of society. And I very much think that the argument is correct. The Epstein files and the lesser known but just as important Panama papers is strong evidence.
I don't think you need to question the moral source of wealth to justify taxing it.
Tax law certainly doesn't require justification. Neither does public sentiment.
Personally I'm in the camp that wealth could be taxed far more aggressivly. But the current party with political power believes the opposite. My only actual power here is to vote and encourage others to do the same.