posted by gut
I sort of would like to see the left implement all these taxes on the obscenely rich.....so finally the average joe would look at $500B+ deficits and realize "wait a minute, we really can't afford all this unless they come for MY MONEY next!!!!"
It is the most underhanded and deceptive lie out there that the rich just need to pay "their fair share" and then everyone can get all this free stuff. Everywhere something like that is held up as a model, the average joe pays MUCH HIGHER taxes. All this stuff loses popular support, by wide margin, when people realize it isn't actually free.
Yeah, the 90%/70% tax thing might sound good and all if you don't think about it for more than, I don't know, 0.1 seconds, but if I was super-rich and that super-richness was in part due to something I'd created or a service I was providing, something tells me that the minute my taxes exploded upwards, I'd be going pure Pharma-Bro on people, raising my prices to astronomical levels in an "If I'm getting gouged, everyone is!" tactic. Either that or shutting shit down (whoops, loss of jobs; what an UNEXPECTED side effect!) and retiring with my savings (or starting something up again) in a country that's being a bit more fiscally reasonable about things.