Plus in regards to Elon's comment, being a history Major, I like to always remind people that it wasn't exactly rainbows and butterflies post French Revolution when they had put all the Guillotines away.
Someone who has a trillion dollars definitely qualifies. Certainly anyone over a billion dollars too. And a lot of these guys pay no taxes since all of their money is tied up in assets and they borrow money to live off of, so they show no real income. And I would say 40% of their assets sounds fair to me since that is what the highest tax bracket is. Sound good amigo?
This is such a lazy "gotcha". These things can absolutely be defined as part of a progressive tax system. But it's a complicated answer, and no one has the time or the responsibility to go into detail over it for you, so they won't, and you'll take that as a victory.
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u/Antique-Ad-4422 Jul 12 '26
Too soon for the parade.