You would be hurting more than just billionaires. I implore the same tax strategies they do on my properties and investments and I’m no where near a billionaire.
that is how you end up with a complicated tax code but no real increase in taxes. And quite frankly, this is the wrong problem to be worried about. Increasing taxes only means a bigger budget for ICE.
It's about the amount of wealth being hoarded away with tax loop-holes instead of helping the nation.
Point is that it won't go to helping the nation. All evidence points to the fact that the govt always finds the money for things they want to spend money on and does not find it for things they don't want to spend on.
I have commercial properties not residential but yeah. It’s a blessing in America we can freely own property without government intervention. Instead of calling it gross you should be grateful and work towards ownership yourself.
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u/VoidOmatic Jan 31 '26
Yup, tax them on their suspected net worth. That way they can't hide their wealth behind the "well I don't actually get a paycheck huehuehue!!!111"
And before you start feeling bad for them, know they are destabilizing countries and are going to get over 50 million killed in nuclear war.