Assuming billionaires were going to get a special tax, how would you actually determine how much to tax them? Sure some would be straightforward like Musk where it’s entirely derived from a few companies with known ownership stakes, but what about all the others?
We don’t even know the names of most of the billionaires. With all the games they can play to hide money, now made even easier thanks to the changes Trump made in his first few months, how would you even figure out who and what amount to tax? They don’t have a normal salary or easily documented income like everyone else.
I feel like that just overcomplicates things. As long as they can’t use the money, they’re not causing harm, right?
If you want a more continuous stream of income, a wealth tax would make more sense.
But they are using the money. It’s invested, it’s supporting a profitable cause, driving an agenda