A one-time 5% wealth tax would bring Silicon Valley’s billionaires’ wealth back to where it was just 31 days ago, on September 7.
When it was “just” 178% higher than on January 1, 2023.
They’d rather let 3 million people lose their health insurance than let that happen.
Graph here: https://cabillionairetracker.org/
Rather than paying their fair share of taxes, Sergey Brin, Pether Thiel, and Patrick Collison prefer to spend tens of millions to manipulate the vote.
Stupefying levels of greed and lack of civil-mindedness.
$45 million in a week: California’s wealthy aren’t holding back to try to stop ‘billionaire tax’
All credits to Gabriel Zucman
You don’t become a billionaire with a intact moral code. Those sort of people must feel the consequences of their wrong doings or it escalates always further.
Removing their wealth isn’t the end goal, I see it as a necessary first step that can inform further corrections should they be necessary.
Not wealth, public service, cleaning up their messes themselves and jail time.
They’re additive, not mutually exclusive.