Nearly all billionaires have unrealized wealth, meaning they own a large percentage of a giant corporation (ie Bezos, Musk). So taxing them for money they don’t really own won’t work. But there is a better solution.
There are 38 companies in the US whose yearly revenue is greater than 100 BILLION dollars. In fact, the total amount of revenue over 100 billion for these companies combined is a bit shy of the US government yearly budget.
No company needs to revenue that much. Tax the revenue (ie 5%) over 100 billion revenue. This has the added benefit of helping to prevent monopolies and “too big to fail”.
Edit: Extra easter egg: The tax rate that you set could be changed each year to meet the amount of the federal deficit (ie the amount the government “overspends”). This would have the added advantage of limiting excessive government spending because politicians would have to explain to the largest corporations why they are spending their money. And you get a guaranteed balanced budget every year!
Why are your lunatics so energetic, crazy and numerous?
Simple, Russian and Chinese bots on social media designed to foment division, anger, and the destruction of western democracy. It’s the exact same thing that led to Brexit and the election of Trump. And it will get worse until we get a handle on blocking bad actors on social media.
No this is all Republican division. It’s their only playbook to rally their base. The take home message for everyone is VOTE, VOTE, VOTE. Before the election started up we had a nice quiet 2-1/2 years. This kind of shit only appeals to those that love the chaos that Trump will bring back.
History. Since 1972, the Iowa caucuses have had a 55% success rate at predicting which Democrat, and a 43% success rate at predicting which Republican, will go on to win the nomination of their political party for president at that party’s national convention. Source: Wiki
I am when Apple Music pays the artists 3x what Spotify does per stream. At least my money is going to the content creators, not some dickhead Spotify exec.