We have property taxes and capital gains taxes, income taxes. it is not a supposition.
As contenders in the Democratic primary for the 2020 US presidential election, Senator Bernie Sanders of Vermont and Senator Elizabeth Warren of Massachusetts have promised to impose new taxes on the super-wealthy. Warren’s wealth-tax proposal – a levy of 2% on every dollar of net worth above $50 million, rising to 6% for fortunes greater than $1 billion – has ruffled billionaires’ feathers.
The post jumps the gun a bit. The narrative asks to make wealth taxes more progressive and collected in aggregate. Now the advocate has to implement this, for example, is the current state property taxes exempted up to some limit? You have got yourself into political battle with Cuomo in New York, and his fellow states. If you add progressivity to capital gains, then Gavin will want California's share.
So, let us start with what we know. The super wealthy owe us the central bank monopsony fee, it is back due, start there. Then, part two, fire the super wealthy since we already hire them via the primary dealer system. Hard to tax the people you just hired, and KATHARINA PISTOR will be he the first in line to settle another primary dealer deal. We need something to take the place of the oligarchs.
Bill Gates makes the largest gains of all from his job supporting the primary dealers, he is the counter party that Katharina herself makes deals with.
Do the one tax on central bank transaction and quit offering socialists services to the super wealthy. And, in any order, stop the primary dealer system and do what is needed to get smarter senators.
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