News for hackers. Stuff that matters.

A comment on America's 1% Has Taken $50T From the Bottom 90%. Parent comment

Re:America's 1% Has Taken $50T From the Bottom 90% by tylerhou on Thursday February 11, 2021 @05:05PM (#26108014)
The Fed doesn't the power to enact a wealth tax. It's powers were delegated to it by Congress. Congress does have the power to enact a wealth tax. But it chooses not to. The way to change that is by voting.
[ Parent | on HN ]

There are no comments on this comment yet.