This is just false. Those are the income tax rates for highest earners. Billionaires’ wealth is mostly tied up in stocks, property, and other investments. Someone like Jeff Bezos does not have $196bln in his bank account, like you and I have a few $100.
If we want to really tax billionaires, we need a wealth tax on any homes you own after your first, luxury cars, private planes and yachts, a passive tax on holding stock and stock options, and also clamp down on tax loop holes.
This is just false. Those are the income tax rates for highest earners. Billionaires’ wealth is mostly tied up in stocks, property, and other investments. Someone like Jeff Bezos does not have $196bln in his bank account, like you and I have a few $100.
If we want to really tax billionaires, we need a wealth tax on any homes you own after your first, luxury cars, private planes and yachts, a passive tax on holding stock and stock options, and also clamp down on tax loop holes.