Taxing The Rich Is Not The Answer
Joe Biden has announced that he wants to tax the rich to solve the American Economy problems.
The proposed tax would be insignificant relative to the gaping hole in the US budget. And if the billionaires are forced to sell their shares, that would annihilate the US stock market.
But aside from that, it is unfortunately populist nonsense because it plays on the fake dogma of the rich not paying their fair share.
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