i find the "but the founding fathers had slaves" to just be nihilistic nonsense
the united states was a manifestation of enlightenment philosophy that persists to this day (despite attacks on it)
Unless you're a prisoner convicted of a crime. Stating that the founders of the United States owned slaves is not "nihilistic nonsense", it's an important distinction to note that they sought political power for themselves, and no one else. The phrase "all men are created equal" should be interpreted as "all white land-owning men are created equal"
Fine, I’ll bite: Why?
These taxes are an abject disaster everywhere they're tried. France tried it and it was extremely bad for them.
The cash raised from the tax is dwarfed by the wealth flight, every time.
Napkin math for just the people who have left already over 5 years show $50 billion in lost tax revenue. Probably far more in indirect losses (jobs, consumption, etc).
Mckenzie Scott is working through donating her share. Same for Melinda Gates, Dustin Moskovitz & Cari Tuna.
Warren Buffet plans to donate the larger part to charity.
Let's keep building the good examples so the alternative (power consolidation across generations) is unthinkable for future generations.
Bostonian•1h ago