the USA should implement a wealth tax

Author: n8nrgmi

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warren had a decent idea of a two percent tax of a wealthy person's wealth. at first i was against the idea, because a lot of rich people do good things with their money, and if we're taking from them, they can't do good. such as Gate's and bufett's philanthropy, or musk and bezo's space travel. but then i realized we can just make exceptions to the tax for stuff like that. 

imagine a country where a few people owned half the land, and half the country had none. how is that fair? i realize wealth is different than land, but it's all resources, so it's all the same idea. 

rich people usually dont pay much in income taxes, cause they haven't had taxable event on their capital. so that means they pay less taxes than ordinary people like you and me. that's another reason we need a modest wealth tax
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@n8nrgmi
This seems to be an argument for why you think a wealth tax would be “fair” rather than why it would be a good idea.

Will the wealth be used better? Is it even feasible to value every single thing a rich guy owns? (Do you have to have independent people value all of their paintings, antique furniture, jewelry, etc)?

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@bmdrocks21
Who needs private property when you can have it all confiscated and centrally planned by a communist cabal in DC?

Sounds like a great idea to me.
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We should go back to the top tax rate of 92 percent that Eisenhower had to pay off the debt of World War 2.
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@FLRW
Just think of all the neat free stuff we could get with a flat 92% tax rate.
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@Greyparrot
is it better to tax the upper class, or let america go bankrupt? 
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@n8nrgmi
I think we should give up on the idea that we should keep what we make and let our overlords in DC decide what is best for everyone.
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@n8nrgmi
or let america go bankrupt? 

DC can go bankrupt and most of America will still find a way to get things done. You would be surprised how much you don't actually need DC.