Who has a billion dollars? Your net worth is what someone is willing to pay for what you have, whether you've sold it or not. If a famous painter paints a new portrait, the value he's created wasn't taken from anyone. Nor if an entrepreneur creates a much-loved product.https://twitter.com/peterdaou/status/1206656298625966081 …
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I am not. The "no billionaires" argument is just an argument that billionaires should pay a very large amount in taxes due to the very large portion of the wealth creation being due to the foundations society creates for the billionaires to operate in.
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The idea that a suitable purpose of tax is to generate revenue for services utilized by the wealthy and poor alike is fundamentally different from the idea that a suitable purpose of tax is to implement a functional cap on wealth. You're doing a motte and bailey move here.
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