Re: 2020 Democratic Challengers: Who ISN'T Running At This Point?
The thing is, the Murdoch propaganda machine does such a great job at convincing people that “socialism” (Btw, this isn’t socialism) is a bad thing. But every time the public gets a new welfare state perk, they don’t just like it, they love it. Obamacare was Satan incarnate until they started to use it.
A wealth tax would have to be very carefully rolled out because of the complexity of state and local taxes and all other things that are impossibly intertwined with federal taxes. I know it seems like “just tax everything above $20 million at 0.5%” is a simple fix that will only impact the 1%, but I don’t think it’s that easy.
The propaganda machine has demonized the estate tax because it impacts 40 farms a year. But the people think it impacts EVERY small farm. If even a near-zero number of people who are perceived to not be 1%ers are impacted, this will be a bloodbath. It has to be so carefully explained and rolled out. We can’t be cavalier about it. We might only have this one chance this generation.
The thing is, the Murdoch propaganda machine does such a great job at convincing people that “socialism” (Btw, this isn’t socialism) is a bad thing. But every time the public gets a new welfare state perk, they don’t just like it, they love it. Obamacare was Satan incarnate until they started to use it.
A wealth tax would have to be very carefully rolled out because of the complexity of state and local taxes and all other things that are impossibly intertwined with federal taxes. I know it seems like “just tax everything above $20 million at 0.5%” is a simple fix that will only impact the 1%, but I don’t think it’s that easy.
The propaganda machine has demonized the estate tax because it impacts 40 farms a year. But the people think it impacts EVERY small farm. If even a near-zero number of people who are perceived to not be 1%ers are impacted, this will be a bloodbath. It has to be so carefully explained and rolled out. We can’t be cavalier about it. We might only have this one chance this generation.
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