Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes...
by davrosthedalek on Thursday October 22, 2020 @05:11PM
(#24863343)
I might be parsing the original text wrong, but 1,000 out of 100,000 is 1%. Not 0.1% ?!?
I used that number since that was the number the parent comment saw as being obviously too much already, so I didn't need to use a higher number.
I do think 0.1% would already be pretty appreciable. That's already several 10s of billions a year. The current budget for all of the IRS is on the order of 10s of billions now, so I really doubt adding that new tax would be a net-loss.
And, of course, once you have a wealth tax and the sky doesn't fall, tweaking the number up over time is easier.