Don’t have time for a longer post right now. But here’s my question about the wealth tax -
Trickle down BS and Invisible Hand BS all say that if people have wealth, they WILL reinvest it. That’s the correct thing to do.
When you drive a car, the correct thing to do is drive safely and at a logical speed. If you do irrational driving, you get a ticket.
So why isn’t it logical that if you are participating in a capitalist economy, and not doing the correct thing of constantly reinvesting your money, then the govt should fine you for it?
Wealth shouldn’t just sit around and do nothing, specially in foreign bank accounts. If it does, it should be fined… or taxed.