General Discussion
In reply to the discussion: Reminder: Progressives Have a Great Solution to the 'Fiscal Bluff'! [View all]former_con
(47 posts)You notice I only include that on the richest of the rich because the point is if they can pay a tax attorney 100K or more to find them ways to avoid paying more in taxes then they absolutely have too much money in the first place.... By attaching a wealth tax to them i.e. the IRS does a wealth assesment and collects say 1 percent on all real asset value over $10 million effectively a confiscation of a small portion of their weatlh. So for example, a Billionaire on paper would have to fork over roughly 10 million per year as an added direct tax simply because their wealth as attributed to the means of using this entire nations inherent value to attain that weatlh i.e., the military protection they received, the local, state police, fire, plus the real estate land assests sitting on the U.S. land which technically in the broadest sense belongs to the community of citizens that are Americans. I think this is fair.