Mmastodon BusinessEconomy first seen 19 h ago, last 29 min ago, peak #1
Economist argues billionaires should be taxed out of existence
Original: Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% The primary reason for taxing them is to
An economist identified as Dr AL Jones is arguing that billionaires should be taxed out of existence, invoking robber-baron-era taxation levels. He says the primary goal is to reduce their political power rather than raise revenue, claiming billionaires threaten democracy and that the federal government, as a sovereign currency issuer, does not need their money to fund spending. The post has drawn moderate attention online.
Why now: Ongoing US political debate over billionaire wealth, oligarchy and taxation keeps the argument resonating
Dr AL JonesUS federal governmentbillionaires
Rank over time, top of the chart is #1. 10 snapshots from 19 h ago to 29 min ago.
Evidence
- Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can *never*… · DrALJONES · 24
- Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can *never*… · DrALJONES · 8
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