Monday, August 13, 2018

Fair share

Having the top 10% pay a wealth tax was a little too much for some so what about the top one percent paying a wealth tax. The top one percent in the USA are worth $40 trillion dollars and ten percent of that would be enough to do the things that some liberals want to do, things like free health care and free college tuition. Eighty two percent of the wealth generated last year went to the richest 1% of the global population, Billionaire wealth has risen by an annual average of 13% since 2010 Since their wealth increased by 13% taking away 10% would still leave them with a three percent raise. Since these one percenters now own more than the lower 90% is that asking too much. Maybe the wealth tax could be progressive so that the super super rich like Bezos, Gates and Buffett could pay more than 10%. Is America ready to start taxing wealth or as some would say confiscating. Think about it and it starts to sound good.

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