Comment by Schiendelman
5 days ago
The math doesn't math. You could tax all the ultra rich people at 100% and it wouldn't significantly change the social contract. The part people don't like hearing is that it's a lot of the middle class that has to pay much higher taxes if you want those guarantees of minimum living standards.
Citation needed.
Here is one for the contrary (just a book review. The citation is the book).
https://cleantechnica.com/2026/04/06/we-need-to-tax-billiona...
That strongly supports my point. What do you think $250 billion a year worldwide pays for? That's $30 per person per year.
It's $250 billion less that goes to the ultrarich, so that they can't purchase another $250 billion of assets.
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