one time wealth tax on 1% to pay for stimulus package?

[Takket]

One trillion? How about it?

"In fact, the top one percent alone holds more wealth than the middle class. They owned 29 percent—or over $25 trillion—of household wealth in 2016, while the middle class owned just $18 trillion."

so for the cost of 4% of the wealth of the top 1%, we can find this bailout, help businesses make payroll to avoid layoffs........

https://www.brookings.edu/blog/up-front/2019/06/25/six-facts-about-wealth-in-the-united-states/

[Odoreida]

1. Why only one time? n/t

[Takket]

4. haha, no argument from me! but got to start somewhere

[SWBTATTReg]

2. Far fetched but wouldn't it be nice if they (the 1%) stepped forward voluntarily and offered,

such as Jack Ma? He donated thousands of test kits and masks, which have either already arrived or are arriving as we speak. Warren Buffet has over $150 billion sitting in his coffer, and what about the others?

[KentuckyWoman]

3. Good luck with that

Private profits for decades. But one bad year suddenly we are supposed to share the burden.

Total crock of shit but it happens every time.

[LAS14]

5. Excellent idea!!!!!!! nt

[Generic Brad]

6. Why stop at 1%?

They could give up half and still be obscenely rich.

[Massacure]

7. There are more effective means than wealth taxes

Setting up the infrastructure to enforce a wealth taxes would be non-trivial. It would be far easier to increase the percentage in the top bracket of the income tax and eliminate the preferential treatment for capital gains.

[JCMach1]

8. Make it 2% and fix more than that