Eat The Rich, Part Infinity

T’is the Season

CNN tells us that while we proles cannot have $15 Amers/hr, we might be able to get our pound of flesh elsewhere:

Elizabeth Warren proposes wealth tax on ‘ultra-millionaires’

Now that Democrats control the White House and Congress, President Joe Biden and other party leaders are pushing to spend big to revive the economy and address income inequality.

Sen. Elizabeth Warren, Washington Rep. Pramila Jayapal and Pennsylvania Rep. Brendan Boyle want the ultra-wealthy to pay for it.

The three Democrats unveiled the Ultra-Millionaire Tax Act on Monday morning. It would levy a 2% annual tax on the net worth of households and trusts between $50 million and $1 billion as well as a 1% annual surtax on assets above $1 billion, for a 3% tax overall on billionaires.

I’m totally for this, and seriously Jeff Bezos probably leaves whatever this tax burden will be in his coat pockets when sending out the dry cleaning. Elon Musk might have to shoot one less Tesla Roadster into space from his private rocket for publicity this year, and Mark Faceberg maybe will have to built this year’s villain’s lair on a smaller island, but all of ’em are never going to worry about buying the next bottle of Bollinger.

Go Senatore-Professor Warren, go!

This entry was posted in Billionaire Bastards, Elizabeth Warren, Tax Cheat, tax reform, Taxes. Bookmark the permalink.

4 Responses to Eat The Rich, Part Infinity

  1. sos says:

    The squealing of the nobility would be quite heart-warming TBH.

    Liked by 2 people

  2. ali redford says:

    Oh, absolutely. Let’s get this done, and get everyone covered for medical, and get everyone fed, too. It’ll go a long way come campaign season.

    Liked by 4 people

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