this post was submitted on 04 Apr 2026
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Factually incorrect. Taxing a billionaire's wealth wouldn't be dissimilar from what we already do with property taxes. All it requires is an assessment and we already do that as a matter of policy in most states.
Secondly, none of this is meaningless. Billionaires are the single biggest problem for most of the human race, and they are the biggest drivers behind climate change. Holding them accountable is essential.
Right. Itβs not like they can on paper move their assets to whatever organization, estate, jurisdiction, subsidiary, shell company, offshore account, or arcane vehicles we never heard of, to avoid paying wealth taxes!