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The Majority Report w/ Sam Seder
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Comments by "" (@RedXlV) on "Fox News LOSING THEIR MINDS Over Socialism" video.
I love how they're freaking out that a wealth tax would be "confiscation". Well, yeah. That's the point.
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@user-vq3eu5xe5c If you've got assets of over $50 million, you're not middle class. Not even in a place like California with its sky-high cost of living. Now maybe a wealth tax could have more than just the two brackets Warren has proposed. Perhaps something like 0.5% for assets over $50 million, 1% at $100 million, 2% at $500 million, 3% at $1 billion. But I don't agree that people with assets of over $50 aren't wealthy enough to merit being subjected to the tax at all.
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