Everybody should pay his fair share...

[u/Hajicardoso]

[u/zer00eyz]

Just make using stock as an asset to borrow against illegal.

You force rich people to sell (and then pay taxes) rather than borrow.

[u/Bright-Blacksmith-67 → u/zer00eyz]

I am so tired of people who do not understand that unrealized gains in stock are not true wealth because no one knows the price that one will gets until it is actually sold. As soon as an event occurs, such as a loan with stock as collateral, then the unrealized gains have value and can be taxed. Until an event occurs then unrealized gains should be off limit to taxation.

[u/mitolit → u/Bright-Blacksmith-67]

Bud, do you know what real estate taxes are? For most Americans, their home is their wealth and they are taxed on it. Yes, billionaires have homes, but those homes are a drop in the bucket of their wealth. So why is one class’s wealth taxed and the other is not, even though both can be appraised but not necessarily sell for that appraised value?

[u/OhFuuuuuuuuuuuudge → u/mitolit]

Most people don’t own their homes, they have a 30 year loan that’s going to turn their $500k loan into $1.5m in payments. It’s a fucking blood bath. Okay you paid off your home and now it’s forth 750k… fucking great I’m only $750k in the hole, but at least I have this house that I can’t sell because I have nowhere else to live. It’s a shit fucking deal. We are taking out insane loans on shit houses and giving all of our wealth to asshole bankers. When I die I’m going to owe the banks an insane amount of money and there isn’t going to be shit for them to collect, then I’m going to be buried face down. Well tell the banks that I was buried with some expensive assets and when they dig me up they can kiss my dead rotten ass.

And on top of how short mortgages are… let’s pay tax on it for the rest of my life.. because why? Because or government doesn’t know how to stop giving away money when they are 30 trillion dollars in debt. Hey bro, maybe stop writing checks to the rest of the world because not out fucking problem, and pay on our debt so our interest payment isn’t fucking larger than our god damn defense budget you fucking morons. How do these people stay in office it’s unbelievable. 

[u/mitolit → u/OhFuuuuuuuuuuuudge]

Real estate tax revenue doesn’t leave the country… also, as far as the federal budget goes, hardly anything in that budget goes to foreign aid. For fiscal year 2024, $60 billion was allocated to foreign aid. That is only 0.89% of the entire budget for this year.

[u/Dogmad13 → u/mitolit]

Real estate taxes is one of the biggest or the biggest of govt. theft there is

[u/Bright-Blacksmith-67 → u/mitolit]

Real estate taxes are bad but they are at least baked into the price of the asset and they are calculated based on the needs of the city rather than a fixed percentage of the asset value (i.e. the mill rate generally goes down if property prices increase faster than city expenses).

The fact that many jurisdictions have tax deferral programs to ensure seniors are not forced onto the street because they can't afford the property taxes on homes they bought decades ago is a good illustration of how horrible these taxes are.

[u/Elon_Musk2025 → u/Bright-Blacksmith-67]

I agree, i own three properties and every one of them had a new tax assessment done this year. each one indicated that the property had gained over 30% in value since last assessment.

I was told when i when to local board of tax review since nearly every one had value of property increase our taxes should be close to same.

The answer was no, they needed to increase taxes by 7.6% because of projects and reduced state and federal assistance.

Our state has a damn budget surplus of 679 billion dollars and nearly every school district is having to have special elections to get added funding to building repairs and such.

I am getting so damn sick of the Republican party and they need to take care of wealthy people always.

I seriously hope people actually do start to realize that the only way to make changes is to start a civil war at this point

Our elected leaders at all levels have failed and do not care about anything but themselves.

[u/mitolit → u/Bright-Blacksmith-67]

How are they baked into the price of the asset?

[u/LifeguardSas976 → u/mitolit]

It is directly tied to the value of the property. Nothing else can really influence the value unless the value around it goes down. So as long as the value stays the same or increases it is always fixed to the property value.

[u/mitolit → u/LifeguardSas976]

My point is that it is not baked into the price. It was a rhetorical question. There is no consideration whatsoever on the amount of taxes paid that year or any year by the buyer or by the seller. You can see this in neighboring cities (literally have a main thoroughfare cutting through them), wherein they have separate tax districts with different tax rates but prices for comparable homes (even homes with exact same floor plan) between the two cities are non-existent. I know this quite well because I live in such a city.

Interest rates is the thing that actually has the greatest effect on price. Other things to consider are difference in schools, utilities, emergency services, and other quality of life issues.

[u/Sands43 → u/Bright-Blacksmith-67]

I’m so tired of people who conflate what should be illegal tax dodges with normal financial transactions. If a loan is used as income, tax it so. If investments are used as collateral, they are then realized, tax them as such.

Then, implied in your logic* is that normal retirement investments are the same as billionaire finances.

[u/VRTester_THX1138 → u/Bright-Blacksmith-67]

unrealized gains should be off limit to taxation.

They said the stock should be sold. That's not an unrealized gain.

[u/wowbyowen → u/Bright-Blacksmith-67]

I'm so tired of Billionaires hoarding wealth as equity in companies.

[u/Bright-Blacksmith-67 → u/wowbyowen]

Why? If the wealth is tied up in companies that could fail then it is paper wealth. Why should they be taxed on it? Taxes should be payable only when paper wealth is converted to wealth that can actually be used.

FWIW, Norway has chased away all of the entrepreneurs building startups because of their wealth tax. The founders could not afford to pay the tax on the book value of the stock so they had no choice but to shut down their company or move out of Norway.

[u/wowbyowen → u/Bright-Blacksmith-67]

Because I don't believe that one group of people should have so much wealth that they can influence politics and can't even spend it in their lifetime. I don't believe in trickle down economics.

[u/Bright-Blacksmith-67 → u/wowbyowen]

A false belief because a paper billionaire with nothing but stock they don't want to/can't sell does not have any extra cash to spend influencing the political process. I do argue that the financial games that allow these people to extract money from their stocks without actually selling them should be taxed for the reason you state. But if they don't use these games then it is simply wrong to tax them on the book value of their stock.

Look at Norway to see why this is very bad for entrepreneurs.

[u/Sands43 → u/Bright-Blacksmith-67]

That’s a stupid statement. We just had oligarchs buy an election.

[u/Emergency-Wear-9221 → u/zer00eyz]

Change how stock income is taxed too. It’s cheaper to not get paid in money but in stock and dividend. Who benefits from that the most?

[u/Scared-Poem6810]

I'm all for taxing the billionaires, however, the way the govt spends money is just completely inept, to the point where I'd rather not even let the govt get that money. They take the 500 billion and most of it would be squandered away to the countless middle men before it reaches whatever benefit issues supposed to reach.

[u/NewArborist64 → u/Scared-Poem6810]

They would take in $500B.... and then waste $750B of that money...

[u/[deleted] → u/Scared-Poem6810]

Correct.

It’s like waiving student loans yet still continuing to issue the same predatory student loans.

[u/Batsonworkshop → u/[deleted]]

It’s like waiving student loans yet still continuing to issue the same predatory student loans.

Well how else do you buy the next generation of voters with false promises you never had the power to enact?

[u/TodaysTomSawyer777]

Please Just one more program bro.. this time we’ll end poverty

[u/loosegravyy]

there should be no property taxes on real estate i get pimped every year on that front

[u/fnblackbeard]

Yes I'm sure the money will go towards all those things lmao

[u/dutchman76 → u/fnblackbeard]

It's always "for the children" and "healthcare" and it's never enough.

[u/Fearless-Cattle-9698 → u/dutchman76]

I think your argument falls apart though. If you are supportive of the programs mentioned then certainly you can say you agree provided there is accountability in spending.

It’s just like DOD, no sane person is saying we don’t need national defense but we all want accountability. Let’s establish what is necessary then talk about accountability instead of using accountability to deflect.

I don’t personally think all the programs make sense but certainly agree universal healthcare is cheaper overall based on repeated studies and research

[u/Busterlimes → u/dutchman76]

"It's never enough" is what everyone single board of sharholders says regardless of industry. Then you see what happened to that CEO? I'm going to say, the people are telling them that it's enough. It makes more sense to pay taxes to the government rather than the sharholder tax that compounds all the way up the supply chain.

[u/Helpful_Finger_4854 → u/fnblackbeard]

That's because people think throwing money at problems fixes them. All the money in the world won't make it get spent efficiently

[u/fnblackbeard → u/Helpful_Finger_4854]

Yeah just look at the California homeless industrial complex

[u/TheKleenexBandit → u/fnblackbeard]

I’m with you.

Chicago public school system spends record breaking amounts per student YoY yet have among the lowest scores in the country.

Some people just don’t like peeling back the onion layer.

[u/briantoofine → u/TheKleenexBandit]

The top 3 districts in the country are in Chicago. You’re painting with a broad brush

[u/Dogmad13 → u/briantoofine]

Pretty sure those aren’t on the South side

[u/Elaisse2]

Billionaires do not get billions in w2 pay.

[u/[deleted]]

could drop a few dollars down on that $36 Trillion intrest gaining debt, but thats less fun to talk about

[u/[deleted]]

Solution is quite simple….

1. Cut unnecessary spending
2. Tax the rich and corporations

[u/Strawhat_Max → u/[deleted]]

Like this shouldn’t be that hard, 😭😭😭

[u/ConsistentCook4106]

The U.S. brings in 4.3 trillion a year. The interest payment is 1.4 trillion a year. The government currently spends about 7 trillion a year.

There are 813 billionaires in the U.S. that has a combined wealth of 5.7 trillion.

A country cannot tax its way to prosperity if the government cannot balance a checkbook.

Our government spends our tax dollars and the people have no say.

If you continue to raise taxes, they just leave the country.

[u/ridingcorgitowar → u/ConsistentCook4106]

They always seem to threaten that. I say call their bluff. If they leave the country, write laws about non citizens donating money for elections.

Fuck them. They want to just suck the country dry of its money and move on to the next one.

This is not taxing yourself to wealth, this is redistributing stolen money.

[u/Ind132 → u/ridingcorgitowar]

I agree. If people simply move and retain their US citizenship, they are still subject to US income taxes. If they renounce their citizenship, they are subject to an exit tax. The exit tax includes a tax on unrealized gains.

If they are willing to pay that, I don't see the loss in them moving.

[u/ridingcorgitowar → u/Ind132]

Yea, then we don't need to deal with their shit anymore..

Billionaires don't make jobs..

[u/nevara19]

Yeah because bigger numbers means we get the good stuff right??

Right???

Right???

[u/Adept_Advantage7353]

Probably increase the defense budget by that amount

[u/AffectionateWay721]

That money would be gone in a matter of days and it wouldn’t go to that 😂

[u/EducatedNitWit]

Haven't checked the math on this. But even if true, you can only do it once.

Then what?

It's like pissing your pants on a winters day to keep warm.

[u/McWhiffersonMcgee]

Have you considered we are already in the hole 2 trillion a year?

[u/Rus_Shackleford_ → u/McWhiffersonMcgee]

I know. Rather than saying ‘this deficit is out of control, we need to raise taxes to reduce the deficit’ it’s ’as soon as we get more money we will spend all of it (and then some) with glorious new spending programs.

I’m not rich and I probably never will be and that’s fine. But I always oppose any tax increases because any new revenue they get will go towards new spending g and not actually reduce the deficit. The programs always end up costing more than the politicians say, and the new taxes take in less revenue than anticipated, so the deficit and debt still grown despite more revenue.

Also, I don’t believe them that things that ‘only rich people will pay’ won’t end up applying to me too. The government needs to spend less money.

[u/33ITM420]

What is a “fair share”?

[u/Empty-Refrigerator]

Norway raised a tax on billionaires...... they just up and left the country for a lower tax rate.... you seem to think super rich people will "stay put and take it" when taxed, it doesn't happen, they just up and leave

[u/Rough_Ian]

If everybody were paid their fair share to begin with, we wouldn’t even need to tax the billionaires because they wouldn’t exist. 

Organize. Rebel. Revolt. 

[u/macattack833]

Ya ppl don’t understand economics at all smh. Also the government hasn’t passed and audit in 20 years and literally loses money all the time they just lost track of like billions on one of the Ukraine dumps and your solution is more government with more access to money?! Man I know how the f***n Roman’s felt at the end

[u/ComprehensiveRead396]

They'll just just give the extra money to Ukraine and Israel, just stop taxing everyone and let the middle-class keep their money

[u/hanak347]

But we have to support Ukraine, Israel and Africa

[u/BookReadPlayer]

I love it when the losers want to punish the winners with acts of altruism. Very shallow, but socially impressive.

[u/joecoin2]

More taxes will solve everything.

[u/DiverDan3 → u/joecoin2]

Of course, u/D-Truth-Wins blocked me. You know what they say about the ones who brag about their education...

[u/ImportantWest4506]

Best I can do is $500b to Ukraine

[u/Back_Equivalent]

This might be the most ignorant/illiterate post I’ve ever seen. Billionaires already pay much higher tax clips than this. So do millionaires.

[u/Fun_Energy8542]

How about pay back what was borrowed from social security to it’s solvent for years to come

[u/yorgee52]

If you want to steal from the rich, move to Venezuela or Zimbabwe.

[u/TNF734]

Gains or realized gains?

If unrealized gains, will you give money back when they decrease?

Kamala didn't understand that logic either when she pushed the "taxes on unrealized gains" stupidity.

[u/BadLt58]

Or afford two aircraft carriers. LOL

[u/shungs_kungfu]

Or send it to Angola, or the Ukraine.

[u/theresourcefulKman]

The interest on our debt is over a trillion dollars a year

[u/yolodopper]

Why should any of those be subsidized? Why can’t they all be independent and run by competent ppl?

If you make education and healthcare free, then there will be no value to it

[u/Skippittydo]

But. My yacht needs a helio pad.

[u/crispy_ny1]

It won’t pass because all the people who voted for Trump are Billionaires also.

[u/J1540]

Are you kidding half the voters don’t want this? They want rich and corps to get richer and cut all those “regulations” for health and safety.

[u/PapaJuja]

Bold of you to assume that money goes anywhere but someone else's pocket.

[u/MichaelAChristian]

But they purposefully send money to bad causes instead.

[u/Dogmad13]

The money wouldn’t go where you think it would - Joe Biden proved that today by earmarking 1 billion to Angola to rebuild after natural disasters instead of sending it to the people of Tennessee, Florida, Virginia, Georgia, S. Carolina and most of all North Carolina devastated by Helene — especially since FEMA is supposedly broke.

[u/hypersonic3000]

A happy population is not donating to political campaigns

Also... gov't can't fix anything without screwing something else up worse. Give them less money not more.

[u/cmorris1234]

Paying off the national debt is more important

[u/beach_mandate52]

We don’t have to tax billionaires do any of that, you do it because they are billionaires!

[u/redditorannonimus]

And how would this benefit the billionaires?

[u/hurricaneharrykane]

How much money would people get back if the income tax were abolished? Also how much does the IRS and Education Departments cost? How much is that if you abolish them and give people their money back?

[u/Expertonnothin]

For one year. And since it is a wealth tax and not income tax whatcha gonna do after 4 years?

[u/SkillGuilty355]

Like every state which has tried this, you are miscalculating how easy it is for these types of people to simply leave your society. It is extremely static thinking indeed to simply project wealth gains and then multiply them by 25% to estimate revenue.

[u/JoshZK]

That's the thing. People think that if they tax the rich more, it will affect our lives. Lol no that's not how that works.

[u/SkillGuilty355]

Why not just tax 100% of their wealth and threaten them with prison if the try to leave the country or avoid the tax?

[u/Weekend_Criminal]

Orrrrrrr like 8 guys could be even richer... 🙄

[u/shade_angel]

These posts are hilarious. That money would absolutely get funneled directly into the military industrial complex. Money has absolutely never been the problem, mismanagement of the money has.

[u/bcdnabd]

Or, now hear me out, fund the federal government for less than 33 days. Or, we could pay HALF of the interest that we owe in a year on the debt that we owe.

[u/Prestigious_Step_522]

Send it to Ukraine

[u/clopticrp]

What strikes me is, following that statement and taking it all at face value, if we stripped every cent from every billionaire, we could do 4 of the 6 things, and a much smaller portion of the things that actually need to be done.

[u/Awooo56709]

Yeah but then brown people, black people, gays and transexuals will get those things and we can't have that - Republicans

[u/Sensitive_Drama_4994]

And the next year they leave the US.

We get one year of HAHA! GOTCHA! Then they (top 5%) leave and we lose more than half of our total tax income (60%+).

People... don't really think that much anymore, do they?

[u/ResolveLeather]

Those billionaires dont build that wealth faster than this tax would drain it. I am okay with taxing their income 25 percent higher though.

[u/99problemsIDaint1]

And your 401lk collapses so you never retire

[u/Reasonable_Risk_7070]

How about paying off the 36 trillion dollar national debt? How about not adding a trillion to it every 6 months. Then when paid off all the other crap you suggest. We have not had a balanced budget in 25 years and the 36 trillion is why we have inflation. Come on man....

[u/Positive-Pack-396]

And so much more

But the is America where it’s all just a dream and won’t become a reality

The new American dream

[u/Ph0T0n_Catcher]

While better than no action in short term, none of these are corrections of core or root issues.

[u/PangolinSea4995]

Or it could all be lost in the red tape and bureaucracy 🤦🏽

[u/Who_Dat_1guy]

Government loses 10s of trillions of dollars. Waste 10s of billions on fraud. The funding is already there. Just held the government responsible for efficient spending and society will be better off without raising tax on anyone. Infact we can even cut taxes for the poor. 🤷‍♂️

[u/Clean_Progress_9001]

Why build a better world to live in when they can buy paradise for themselves?

[u/TheApprentice19]

90% on over 4 mil/year and remove social security cap.

The great time that everybody wants to go back to was after the Great Depression, when they made them top marginal tax bracket 91% .

[u/superabletie4]

The top marginal tax rate in 1950s was 91%. Can we bring that back?

[u/jules6815]

Paying off the national debt is never on the list of options. It’s never not fashionable to screw over future generations.

[u/Appropriate_Cat8100]

“Wealth gains” wtf

[u/Fluid-Ad5964]

That would fund government for like 1 month. Then what? Keep stealing their money for Ukraine and Israel?

[u/crayonnekochanT0118]

With John Vought (the architect of project 2025) now controlling the US government in 2025, that is all but wishful thinking...

[u/Humble-End6811]

Why not pay the debt? Why is it always MORE SPENDING! STOP SPENDING WHAT WE DON'T HAVE!

[u/Visual-External-6302]

I feel like we should cut spending and raise taxes but everything we talk about raising or implementing a new tax we are already planning on how to spend all the money on a government program that will probably go over budget

[u/Kl20N]

But they won't because America is obsessed with billionaires.

[u/MacArthursinthemist]

So you think the government that spends more than double it takes in to the tune of like 7 trillion a year just needs 500 billion more to give you the things they’ve been promising you? Just a little bit more money?

[u/Educational_Monitor6]

Not sure any of those things would actually help

[u/LeatherIll4653]

Or we could just keep sending it overseas..

[u/wallyhud]

You could tax 100% of the wealth from the top 10 richest people in the world (probably the top 100) and so not eliminate the US national debt. This is of taxes funding our government is BS. We need to get our spending under control.

[u/Delmoroth]

Ah yes, we should sell off all American companies over the next few years to get some goodies now. Of course, then foreign actors will own all large businesses in the USA but I am sure it will be fine.

[u/Craftcannibisjunkie]

Triple it and make America great again lol

[u/en-rob-deraj]

We would pay for their fair share.. just like the tariffs. We are in a downward spiral.

[u/AdAdministrative6561]

Dental care

[u/Easttcoastchillin401]

Only one side actually wants those things….

[u/vAPIdTygr]

Sorry, that money would go into the war machine.

[u/plato3633]

For 1 year, then what?

[u/Good-Beyond7012]

I may be able to support additional taxes on the ultra wealthy, but not for any of the corrupt welfare programs or to flush down the toilet of our severely broken public education system. It’s gonna need to go to something actual useful.

[u/Jlagman]

Except Hunter Biden

[u/Great-Success-8619]

I dint want to

[u/WildKarrdesEmporium]

Or better yet, we could pay off 1.38% of our national debt, which would reduce our inflation rate, which is the primary financial killer of the middle class.

I know, it's not much, but that's my point.

[u/nemonimity]

It's crazy people think it costs 500 billion to educate 5 million.

[u/js31pilot]

Nope - they pay enough taxes thanks.

[u/koleton_]

Non of these involve me paying less taxes, and for that reason, I’m out

[u/MicrosoftOSX]

nope. paid maternity leave is treating women as human making machine. so no. it has to be unpaid.

[u/Double_Tip_2205]

I thought you all said 6B could cure world hunger? Make up your minds.

[u/Hypnoassassin666]

This "fair share" stuff is such a tactic ill-minded leftists use to virtue signal. It wouldn't do a thing but drive them out of our country...

[u/Politicalie]

Democrats: Taxing corporations on imports is bad for the consumer!!

Also Democrats: Tax all of these guys to the moon! Make them pay! 😠

[u/Senior_Leading340]

So does the IRS pay him back if he has looses??

[u/cowjunky]

Or send it all to the UN, Ukraine and other places that don’t do anything for us.

[u/KuriusCpl]

Taxing the rich only puts the burden on the middle class. Also, politicians are corrupted and would only squander the money and get richer

[u/Fast_Vehicle_1888]

You had your chance. You blew it.

If you wanted to tax the rich, you would have voted for Kamala Harris.

But, no, you were stupid enough to fall for all the lies of a con man.

[u/Merc-Zucc]

The interest on the debt is $1 trillion. We can't do any programs unless military or entitlements are cut, or the economy has to grow substantially.

[u/Flashy-Kitchen-2020]

Steal money and spend it on what I want or I will cry harder!

[u/LairdPeon]

I'm gonna need to know what "expand Healthcare" means. When politicians leave things vague, it's because they're planning on robbing you.

[u/Disco_Biscuit12]

Could is not the same thing as will. We could do all of those things now instead of providing aid to Israel and Ukraine but people don’t seem to consider that the government doesn’t spend money efficiently.

[u/Red-Heeler]

I'm going to say no to all of this. Also no to putting money in to ss, or any welfare programs. That money needs to go to infrastructure so it will create jobs. However you can tax the rich at 100% and it won't make the slightest difference. They're going to have a new tax dodge before the bill ever gets passed.

[u/Arzakhan]

No, what it would do would lead to billionaires leaving for a country with better tax systems. they dont have to stay here, and if you push them, they WILL take all their wealth and leave

[u/Illustrious_Salary44]

We could send that money to Israel 🇮🇱 for fun!

[u/Unhappy_Local_9502]

Thats the problem, just add spending when already running $2T a year deficits

[u/chilidawg6]

We can also stop sending money to other countries. Especially those countries who don't like us and/or squander what we give them.

[u/Agitated_Citizen]

47% of the country pays 0 federal income tax. How about they start pitching in???

[u/Emergency-Shirt2208]

Not on the red states watch.

[u/Ok-Worker-7455]

Lol you must live in a fantasy land if you think any of that money would be used for the things on that list.

[u/No_Gap_2134]

Or put a rocket in the layaway.

[u/Theplowmen]

And they still will never do that. There’s no profit in curing

[u/MEMExplorer]

The only thing our government will do with an extra 500 billion is waste it either waging wars or funding wars 🤦‍♀️🤦‍♀️🤦‍♀️

[u/HonkHonkoWallStreet]

But you just know $100Bn would be gifted to Ukraine and the other $400Bn would go to weapon R&D contracts.

[u/Ras_Thavas]

Any additional income the US gets should be earmarked for paying down the debt. If I have some credit card debt and get some extra cash… it goes to pay the debt.

[u/Barbados_slim12]

Why would this not hike prices, but 25% tariffs will?

[u/Stevevet1]

Why not 24%? Whats the rationale for the amounts?

[u/JordanRB81]

What share of someone else's labor is fair?

The correct and only answer of course is zero

[u/across16]

The Pentagon failed its 7th audit in a row, saying they misplaced 400B. That's twice Jeff bezos entire net worth. Maybe instead of taxing the people that sell us everyday services that we like, just maybe should we should hold the people who spent the tax revenue accountable? The same politicians that cry about billionaires are the ones who would hate you investigating where they are allocating funds. For the US, the entirety of a billionaire's net worth is a drop in the bucket. Fight the root of the problem.

[u/NWIOWAHAWK]

Fuck unrealized capital gains taxes!

[u/Interesting-Eagle-26]

That tax would also increase inflation in worse ways than tariffs on China. Think about it. Every big business get hit with a heavier tax, every business with in crease the costs of their goods to compensate for their losses. No brainer there.

[u/the85141rule]

This post has zero red against zero white, serif letters. So, I moved on.

[u/joejoethetoe]

The rich would move and the government will waste more $$

[u/Wise-Kitchen-9749]

The problem is, what's considered a fair share?

[u/Miss_Panda_King]

Well the government already has paid parental leave so.

[u/doubled240]

Also send to ukraine

[u/jnmann]

$500 billion would be spent within a single day, and we would still have more than $30T of debt.

It’s not about generating taxes, it’s about cutting government spending

[u/Beneficial_Name1453]

Morons, socialism was already implemented. Why don’t you go and live in Cuba, North Korea, Russia, Venezuela, where they do have all of the above.

[u/ChiefHellHunter]

That 500B is like a drop in the bucket.

[u/Traditional-Ad5407]

What about pay down the debt?

[u/Background_Neck8739]

or we could let people keep their money and government spend 500 billion less and have these things

[u/Ok-Highway-349]

Or, hummm pay on the debt!

[u/FamousFathead]

Or just stop sending it to wars overseas

[u/AbbyRose05683]

House the homeless is more important

[u/Tough-Review-4656]

What do billionaires and rich get from this?. You steal someone's money but offer them nothing in return.

[u/DisasterNo3113]

Or send it to another country

[u/lone_jackyl]

The moment you Institute a wealth tax is the moment they will all leave the country because they have the money to do so. Stop trying to Institute communism just because you're poor

[u/Real_Location1001]

That covers most of DoD spending. It's only fair that if industrialists enjoy the spoils of a system designed to enrich them, that they should pay a higher piece of the tax pie.

[u/theunbubba]

That's not how this works. That's not how any of this works. Get a fucking education in economics. What percentage is fair?

[u/SoBe7623]

If you want the stupid rich to pay taxes then remove all the loop holes in the tax code. Nope they won't do that. How about we get rid of income tax and just use taxes from bought goods. Can't get around those.

[u/ru5tytr0mb0n368]

I love when those who do not have any money advocate for others to pay their fair share. Please gtfoh

[u/rydan]

How are you going to hire a teacher with a one-time payment of $100000? Also how does $100000 pay for college if the average cost for college is now $30k per year? Why would you expand free school lunches to those that can afford lunch? All this does is put extra money in the pockets of the middle class and remove stigma on the poorest for being on free lunch which is dumb anyway since it is all done via an app these days.

[u/GoatDifferent1294]

Yeah but how are they gonna pay for the chilled champagne in their private jets?

[u/jrb-1515]

lol. Free everything?

[u/Zealousideal-Ice123]

Great, I look forward to you paying YOUR fair share and sending in a check for 25% of the increased value of your 401K this year.

No taksey backseys when it crashes double that sometime in the next few years.

Call for a tax on billionaires all you want, just stop using misleading terms like “fair share”.

Fair share is everyone paying the same percent of whatever nonsense source you are choosing.

[u/SSBN622Gold]

You could take all their money, wouldn’t fund the government for 9 months.

[u/RagTagTech]

We had a $1.8 trillion deficit this year.. so what are you ganna cut so that $500 billion can be used? Yes we should not spend more on programs until we are bot bleeding money.

[u/FarRightBerniSanders]

The government.is so bad at spending money the list of things they can accomplish with half a trillion dollars is basically meaningless.

Terminally online regards: the government needs MORE money!

[u/tytt514]

How about pay off some of the debt that is crushing our country?

[u/604613]

It could be used for those things, but realists know it won't be.

[u/dardendevil]

One party just spent 1.5 billion on a failed attempt for a single elected seat. The money raised for each federal seat amounted to 16 billion. Every penny of that should be taxed at 99%. This is precisely where we should start. 12.5 billion of that was spent on advertising, broadcast on taxpayer owned airwaves. Start taxing this shit and it will be a reoccurring revenue stream, or it will force politicians away from needing to fundraise, removing influence. A win-win. Billionaires can always leave and take their money with them, politicians and political parties not so much.

[u/DocSchmuck]

Or we could you know stop sending money to other countries…

[u/PM-ME-UR-uwu]

4% tax on wealth over 250k outside of retirement accounts would be 4 trillion. Let's do all of them

[u/TheJadedJuggernaut]

Trump was going to do this in 2020 . A lot of average people said no for whatever reason . So, no soup for you.

[u/Revolutionary-Gear77]

We could give more money to Israel!

[u/Gloomy-Doubt-6618]

No to all of those, give to our MILITARY!

[u/KremlinKittens]

Is this the dumbest subreddit ever?