The Case for the Billionaire’s Tax
I haven’t blogged in a while, so I thought it best to start with something easy …
As Democrats scramble to figure out a way to pass a tremendously important domestic spending bill with a 48-member “majority” in the Senate, the so-called “billionaire’s tax” surfaced briefly as a possibility. Unfortunately, it was then vetoed by Joe Manchin, who criticized it as “divisive” — presumably because it would divide Americans between billionaires and everyone else and asks the former to pay more in taxes.
That still left enough time, however, for various billionaires to embarrass themselves. Elon Musk, nor surprisingly, provided the perfect argument for the billionaire’s tax:
It’s hard to think of a better way to say “fuck you” to hundreds of millions of people —trapped on this planet for their lifetimes, regardless of what Elon Musk does — struggling with persistent poverty, widespread financial insecurity, increasingly devastating climate change, unaffordable health care, and an authoritarian assault on democracy.
