At 2% it would hurt those who hold bonds at 3.9% (and below) and when there is a planned 2% inflation rate. (The economy is usually better for the working class when bonds average between 2-5% returns).
The 2% would be applied to households worth 100 million dollars or more, I’m pretty sure they could spare the change without much impact on their lifestyles.
The goal is to have it low enough so that every single country in the world agrees to set it up, even tax havens like Bermuda, Luxembourg or Monaco. But high enough to be effective. Then, once it’s agreed upon, we can make it better and more progressive.
That is why it needs to be a 1% annual tax.
At the very minimum, a 2% worldwide annual tax to prevent some tax evasion.
At 2% it would hurt those who hold bonds at 3.9% (and below) and when there is a planned 2% inflation rate. (The economy is usually better for the working class when bonds average between 2-5% returns).
But I agree that it should be global.
Motherfucker they take 35% of what we make.
Or more.
But you do realize that the billionaires are going to try to poison pill any such legislation by making it apply to everyone.
Yes, I am well aware that the only path forward is playing mario brothers multiplayer, we can do it.
It would be easier if the location of bowser was tracked on some map (ideally realtime) so that players could speedrun to their boss fight.
The 2% would be applied to households worth 100 million dollars or more, I’m pretty sure they could spare the change without much impact on their lifestyles.
Why not make it go, 1%, 2%,4%,8%,16%,32%,64% based on how much they had? Hurting the trillionaire and the centibillionaires the hardest
The goal is to have it low enough so that every single country in the world agrees to set it up, even tax havens like Bermuda, Luxembourg or Monaco. But high enough to be effective. Then, once it’s agreed upon, we can make it better and more progressive.