Why Do Americans Worship Billionaires ?
Category: Op/EdBy: john-russell • one month ago • 103 comments
It is said Joe Manchin is becoming accepting of the idea of taxing billionaires in order to partially fund Bidens social spending agenda.
The idea of "wealth tax" on the richest of the rich somehow sends Fox News types into fits of rage. On Fox and Friends this morning the wealth worshiping cheerleader Stuart Varney was very upset that someone wants to tax Elon Musk, who has 200 billion dollars. A 3% annual tax on billionaires has been suggested , which would cost Musk 6 billion per year. After 100 years or so the government would have confiscated all his money. Woe is him.
Or, Elon Musk will continue to make money at the pace he has been (an average of 10 billion per year has been added to his personal wealth over the past 20 years) .
Elon Musk would only be subject to a "billionaires tax" as long as he is a billionaire. If something unfortunate befell his finances and he wasnt uber wealthy anymore, the tax wouldnt apply to him.
America doesnt exist to make people like Elon Musk wealthier than god. It exists to provide for the common good.
The government has every right to tax extreme wealth and use those funds to better the lives of the "peons". You could say it has a duty to do so.