If you want to raise taxes on the rich and not hurt the economy, lift the long term capital gains tax to the level of income tax, and have a very high estate tax without loopholes.
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Replying to @SAlexashenko @webdevMason
The estate tax leads directly to capital flight. The government really just needs to function within its means, just like any private enterprise, charity, or family.
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Replying to @Fallenour @JamesonHalpern and
Not really, since most of the people who advocate for higher or more progressive taxes aren't looking at it from a revenue lens but from a reducing inequality lens. Unless conservatives get serious about tackling that, you'll see someone close to Bernie/Warren eventually win.
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Replying to @micmac048 @Fallenour and
60k millionaires fled France after it implemented its wealth tax, forcing it to slash the tax to stop the bleed. Most peope are averse to major life changes, but people who tend to succeed also tend to be more mobile: nearly half of Fortune 500 founders are 1st/2nd gen immigrants
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Please take of yourself, friend
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