Crossing this here.
And the funny sunglasses!
I know it’s a meme, not a balance sheet, but I’m not convinced about the math here. The combined net worth of every billionaire in the US is around $3.5T. If we’re taxing wealth outright, which is a lot more than taxing income over the year, 2% of $3.5T = $70B. That’s around $200 per American. And that doesn’t sound like enough to achieve all those things.
The larger point - tax the rich - still stands.
Thanks for the correction. I suppose the meme would make more sense if it had room to include corporations.
Aha! That would make more sense.
Oh god, I didn’t notice those. What a tool.
I’ll concede that it’s harder to tax wealth than income, but setting that aside, why only 2%? I would suggest something closer to 30% or so, although specifics could vary. Obviously we need a increase in taxes on earnings (not income) over a certain point ($10M? $50M?) with an increasingly steep slope as earnings approach a higher set value. (e.g., Earnings over $100M/year are taxed at 99%.)
Yeah, I know that they’ll still find ways to hide the earnings or get around the taxes in other ways, but that’ll take a while and it’s not like the tax code should be static anyway.
get 'em before the tariffs hit!