this post was submitted on 03 Jul 2026
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There's only 1,000 billionaires in the US but there's way more six figure earners. So where does that leave the middle class? Would the near poverty lower class be paying these taxes?
You also overlooked what I mentioned that relative to now it seems like a good idea, yes? Though, in the amount of time it would take to not only accumulate the amount of money through those taxes into a treasury, about 4 presidencies will have gone by, realistically 2 which would mean in the amount of time it would take for this to work the legislation behind it could go away, meaning it wouldn't make a fucking difference and all those funds would dissolve back either into the social security trust or more likely the military funding or the national debt.
It would be a massive gamble to attempt it. You would be playing with a lot of people's money.