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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Most people chasing The American Dream aren’t shooting for $10mm... they’re shooting for around $80k/yr/earner or perhaps triple that in high CoL areas. More robust social programs (and the taxes to fund them) would improve mobility up to and past that level.
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is that the dream you’re chasing
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