It wouldn’t change their lifestyle one iota....
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Fair point. Let's math this shit up. Six percent on, say, $100 billion is $6 billion, leaving said billionaire with only. . . checks notes . . . $94 billion. Whatever will Bezos do?
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What people don't talk about is that it taxes the SAME assets every year. Those small percentages add up. I can see why folks might be skeptical.
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But they make more than 6% on their investments, cause they can pay for the best people to invest their money...
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Misleading things in Elizabeth Warren’s stump speech: - Saying “two cents” per dollar when her wealth tax goes up to six cents. - Saying she was a victim of pregnancy discrimination when her teaching job ended, omitting that she hadn’t taken the courses for a certificate...
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...More misleading things in Warren stump speech: - Implying she’d give total student debt cancellation to more people than she would. - Talking about her 2012 Senate run in terms of people saying a woman couldn’t win, omitting her massive support from DC/MA Dem Establishment.
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Progress.
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Good news, I love this laser-like focus on the wealthiest estates we should be targeting for higher taxes.
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