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The US Should Implement a Tax On Wealth on the Super Rich
The US Should Implement a Wealth Tax for the Super Rich
This would generate ~$200 billion in taxes each year
The money generated could pay for food stamps, free college education, or other programs for social improvement.
This would improve the incredible wealth inequality within the US.
This would help the most vulnerable people and families in the US, enabling them to move up the social latter out of poverty.
It's a breach of the equality of rights and the pursuit of happiness.
A wealth tax disincentivises investment and encourages wasteful spending; this will harm the economy.
This would disincentivize entrepreneurship.
This would incentivize the ultra wealthy to move themselves and/or their assets to foreign tax havens.
The government has no right to tax the wealthy at a higher rate just because they have more money.
This would create animosity amongst the wealthy and powerful individuals in the US.
Should Governments Put A Tax On Meat?
Should churches pay tax?
The sales tax should be replaced with the income tax wherever applicable.