this post was submitted on 01 Nov 2024
731 points (96.0% liked)

Work Reform

10028 readers
246 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 10 points 3 weeks ago

Billionaires don't have taxable income because they've successfully lobbied for carve outs that exempt them from taxation.

That's what makes a wealth tax impractical. How do you pass it through a Congress that's been wholely co-opted by a billionaire friendly caucus?

Chuck Schumer, the senior senator from Wall Street, isn't going to author a wealth tax. Kamala Harris, the former Senator from Silicon Valley isn't going to sign it. And the SCOTUS majority that's on the Harlan Crow payroll isn't going to uphold it.