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A comment on Online installment loans have taken the subprime market by storm. Parent comment

Re:Online installment loans have taken the subprime market b... by blhack on Tuesday October 29, 2019 @01:14PM (#21389551)
https://en.wikipedia.org/wiki/Second_Bill_of_Rights

These ideas aren’t new. The idea of taxing the wealth even more is ALSO not new, and we already have tried it and had it fail. (France has tried this, as well as other European countries, with usually disastrous results).

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Re:Online installment loans have taken the subprime market b... by ianleeclark on Tuesday October 29, 2019 @01:25PM (#21389704)
Ahh, okay. I guess we'll just let people die in the streets then.
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Re:Online installment loans have taken the subprime market b... by kortilla on Tuesday October 29, 2019 @01:31PM (#21389781)
People aren’t dying in the streets because Bezos has 100 billion. Pointing to rich people is just a distraction for people who can’t do math.

Even if you could magically trap all of them in the US and wealth tax them away, it’s a meaningless drop in the bucket. Seize all of the money from everyone with 50 million+ in the US and you don’t even have enough to pay for Medicare for all.

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