If the wealth tax were introduced and the income tax removed (or the lower bracket increase to something like 100k), that would create a lot of air.
Setting the wealth tax low enough (say 10M) would include not only the ultra-wealth but the very wealth too. It can also start progressively. It doesn’t have to be all or nothing.
If the wealth tax were introduced and the income tax removed (or the lower bracket increase to something like 100k), that would create a lot of air.
Setting the wealth tax low enough (say 10M) would include not only the ultra-wealth but the very wealth too. It can also start progressively. It doesn’t have to be all or nothing.