I'm beginning to agree. A billionaire is basically a king that just kicks back and siphons off the top. We dont need or want that, regardless of any fail argument from the right about jealousy, theft, w/e. We should stop feeding their money supply with so much of our economic output. Our dependence on them will only get worse, never better, while we continue with brain dead trickle down policy that subsidizes them.
I'm 100% correct when I say this, continued economic favor of billionaires is awful tragic stupid policy for our country. No conservative bullshit line can prove otherwise, and I've heard them all.
OK, so then the tax becomes purely a punitive measure. And who gets to decide who is too rich or not rich enough?
It's easy to pick on Billionaires because most of us arn't. But that appeals to a base instinct that because one person has so much, others don't. That's not even true. Its just n excuse to tax where there is money.
WHo's to say a Billionaire didnt make his money Internationally? How did that take away money from someone driving a bus for a living? It didnt but to a lot of people and like Ms Cortez it feels immoral. Once the government is allowed to say there is a limit on what is moral for a citizen to earn, we will eventually get used to that because most of us dont make over 10 mil a year.
Then one day down the road after more bloated spending like you see in the education system, it will be determined perhaps that the limit really should be 5 million a year and so on and so on. Thats called being a frog in a pan of soon to be boiling water and thats pretty much what progressive socialists bring you with a happy face and a sweet smile. Who can really say no?