The tax applies only to individuals with at least $100 million in wealth and mostly affects hedge fund managers.

t_d thread: https://archive.is/5pFXr

here's fox news trying to convince people that the tax will mean that if your home goes up in value, the government will take your house: https://archive.is/Ay89M

"This would be the most crazy tax structure we have ever seen. It makes Venezuela look normal. It makes Russia look normal," Gingrich stressed. "That speech last week in Raleigh, where [Harris] outlined her economic plan, that was crazy. That was so far to the left of Bernie Sanders that Gorbachev in Russia would have thought it was a radical speech."

  • Philosophosphorous [comrade/them, null/void]
    ·
    3 months ago

    fucking hilarious that they don't point out it only applies to those with 100 million, like to these people 100,000 is just throw away gambling money. even 50,000 is more money than i'll ever likely have at one time in my entire life, it would be life-changing to have that much money, and i'm a fairly privileged first world failson.

    • DragonBallZinn [he/him]
      ·
      3 months ago

      You underestimate the immense class solidarity the bourgeoisie have with each other. A slight on billionaires is treated as a slight on all privileged classes, particularly in the global north.