Mamdani, the presumptive Democratic nominee to be the next mayor of New York City and a self-identified democratic socialist, on Sunday said billionaires contribute to inequality.
You can have a person be full-time managing the billionaire’s case, still a very strong net win.
And even if hypothetically the cost of tracking their wealth outpaced the income generated by the tax, it’s still a societal positive by reducing inequality, which is the root of most problems.
If only there was an entire federal agency whose sole job would be to track them down and tax them.
You can have a person be full-time managing the billionaire’s case, still a very strong net win.
And even if hypothetically the cost of tracking their wealth outpaced the income generated by the tax, it’s still a societal positive by reducing inequality, which is the root of most problems.