How did fair taxation of billionaires become “radical” at all?

9 comments

1. Billionaires bought up all of the tv stations and told people it was

2. because the bible tells us so, all is foretold in the gospel of wealth

3. Because they own the news outlets and just say it a lot. It isn’t radical. People are just too stupid to realize it matters who is telling you what to think.

4. I don’t think the majority of people believe it to be radical as much as there is a lack of trust that any kind of “billionaire taxation” doesn’t end up actually being a middle class tax. Basically, people don’t trust the powers that be to implement anything correctly that doesn’t screw over everyone else.

5. I don’t think anyone actually believes it’s radical. That’s more rhetoric.

   The reality is most don’t see it as viable to tax them on money they don’t actually possess which is what a lot of the chatter is about. You can’t start taxing people on unrealized gains of stocks. It’s a slippery slope for everyone, not just the billionaires.

   They should most definitely pay their fair share of taxes based on tax code, without exceptions, but the loopholes to avoid taxes needs to be severely tightened up on them.

6. While everyone should pay their “fair” taxes, it’s not obvious what “fair” means. It could mean the same percent, (ie, a flat tax), some share of GDP, some share of total income, disposable income etc. The definition of fair chances with your economic philosophy.

7. If you want to tax unrealized gains are you going to give tax breaks for unrealized losses? Or in this land of make believe are your eggs always sunny side up?

8. It isn’t radical and never was.

   There is a disagreement regarding how much they should pay and a fundamental misunderstanding of the American public (and many talking heads/politicians) concerning how taxes even work.

9. No clue. China taxes the heck out of there’s, the billionaires fall in line

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