I agree, but to afford the stuff we also need to increase wages to a level where they match the increased cost of living. Otherwise, the only people able to afford the assets, that the rich will be forced to sell are slightly less rich fucks, because regular folks still have to spend all their income on food and stuff like that.
If the wealth tax were introduced and the income tax removed (or the lower bracket increase to something like 100k), that would create a lot of air.
Setting the wealth tax low enough (say 10M) would include not only the ultra-wealth but the very wealth too. It can also start progressively. It doesn’t have to be all or nothing.
I agree, but to afford the stuff we also need to increase wages to a level where they match the increased cost of living. Otherwise, the only people able to afford the assets, that the rich will be forced to sell are slightly less rich fucks, because regular folks still have to spend all their income on food and stuff like that.
If the wealth tax were introduced and the income tax removed (or the lower bracket increase to something like 100k), that would create a lot of air.
Setting the wealth tax low enough (say 10M) would include not only the ultra-wealth but the very wealth too. It can also start progressively. It doesn’t have to be all or nothing.