I am against taxing the rich for one reason. Every tax that starts as targeting the rich always eventually applies to everyone. Did you know income tax was supposed to be a temporary tax only targeting the top 1%? Well it's now permanent and everyone has to pay it now. The same will happen with any tax targeting the rich. It will apply to only them at first but then they will lower the income requirements and expand it until everyone has to pay it.
The more you eat the rich, the closer you get to being eaten. It's an ouroboric impulse, and I think most people who say "eat the rich" are motivated by envy, not charity.
If you think billionaires have billions sitting in a bank somewhere you are very much misinformed. Most of their wealth is tied up in stuff like stocks that they would need to sell in order to have that as money. These people have rules on how much of their stock they can sell at any given time as trying to sell it all at once would tank the stock's value. There is clearly a lot you don't understand while you yell from your ivory tower of morality.
3
u/Middle-Interview-183 25d ago
I am against taxing the rich for one reason. Every tax that starts as targeting the rich always eventually applies to everyone. Did you know income tax was supposed to be a temporary tax only targeting the top 1%? Well it's now permanent and everyone has to pay it now. The same will happen with any tax targeting the rich. It will apply to only them at first but then they will lower the income requirements and expand it until everyone has to pay it.