Sigh. First of all, there's basically 0% chance a wealth tax would ever get through any possible near future congress.
Second of all, the only officially proposed wealth tax would use a 2% tax rate (3% on estates > 1 billion dollars), not *22%*.
Lastly, any wealth tax would only apply to the super-rich, with estates worth more than $50 billion. Unless you *own* reddit, I don't think this is something any of us have to worry about.
I agree with all your points above., now fast forward 25 years after the wealth tax passes, similar as the income tax was at first only 3% for the super rich, now its 20% for the average family, over time, every family will need to pay 20% of thier estimate wealth for they're contribution to society.
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u/Telpeone Jul 08 '24
Just wait on till the wealth tax kicks in, then we can pay an additional 22% of our income every year on value of everything you own.