the most dangerous thing about left wing normalization of a 70, 80, 90 percent wealth tax is the story it binds to the american psyche — you will never be rich.
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no sane person entertains a 90 percent wealth tax if they believe it will one day touch them. so for the left to convince us these taxes are necessary, they must also convince us we will never be wealthy. the problem: such truth is effective. what you believe is what you become.
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class mobility is already difficult. my mother ran away from the projects at 16 with *nothing* but the belief, enshrined in our american story — the american dream — that if she worked hard she would rise. and she did.
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without the belief that one is master of her own life, the wealthy mostly just become annoying to talk to — trust fund babies forever apologizing for their meaningless existence. but the poor are doomed.
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the american dream must be fought for. it must be argued, expanded, amplified. but first, we must acknowledge it’s under attack. i’m here to tell you: it’s under attack.
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I think your causal reasoning is backward. No one from either party would be speaking about these ideas if data wasn't showing that upward economic mobility is declining, (and also lower than other countries w/ larger welfare states) https://www.brookings.edu/blog/social-mobility-memos/2018/01/11/raj-chetty-in-14-charts-big-findings-on-opportunity-and-mobility-we-should-know/ …pic.twitter.com/mX35nHHKea
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Replying to @kimmaicutler @micsolana
Will check this out. I recommend this if you have seen it already : https://link.medium.com/EUIY5qZTeT
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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