Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Your link:A wealth tax could be implemented temporarily in these extraordinary times, to pay for this.
The Occupy Corona National Survival Plan: Full Jobless Benefits for Duration of Lockdown, Paid by Temporary Wealth Tax
"It has been estimated that a 2 percent tax on individuals with more than $50 million in assets and 3 percent on those with more than $1 billion would raise somewhat under $300 billion dollars per year. This would easily cover the cost of a full year's 100% paycheck unemployment benefits."
In a $20 trillion economy, is it realistic to expect $300 billion to cover one full year's UE benefits?
The millionaire and billionaires are not collecting unemployment. They will likely not cash their stimulus check. We are in this together, so together it should be paid for. That's why we need a consumption tax until what we are spending now is paid for down the road.