Taking even the lowest rate (1.7%) and the smallest base (top 0.5%) from the Spanish wealth tax and applying it to the US would mean an immediate $340 billion annual tax revenue increase.
That would be a 7% increase in total tax revenue and, applied to social welfare programs, would constitute a 25% increase in their funding.
A wealth tax can work -- those who say otherwise are either billionaires or listening to billionaires.
+bonifartius 𒂼𒄄
@bonifartius @andrew yeah, common logic of thieves: steal from others because they have something. socialism is based on theft, invented by lazy and jelous butts that didn't want to work and practiced by robbers.
