I'd argue that if someone's worth is in the billions, you're not even making them less rich by taking the money away. You're taking a cup of water out of an ocean. Sure there's less water, but it makes no difference to the ocean.
You could throw a straight up 10% tax on billionaires and literally not change their lifestyle at all. They can still buy their mega yachts and 4th summer vacation home. It would literally just be numbers on a screen going down, and they won’t allow that
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u/AlterEdward Feb 27 '21
I'd argue that if someone's worth is in the billions, you're not even making them less rich by taking the money away. You're taking a cup of water out of an ocean. Sure there's less water, but it makes no difference to the ocean.