Gen Z participated much less than the general electorate in the last election. In 2024 Gen Z voter turnout in the presidential election was 47% vs 65% overall turnout.
rvz•27m ago
The desired outcome is that billionaires should pay their "fair share". That's fine, but are the supporters of this sure that this is the best way to do it?
Also, do they know who really is going to eventually pay for this tax? Guess. (It is not most billionaires.)
On top of that, those taxes will require founders to liquidate their holdings and will also affect employees holding the stock as well so it actually hits tech workers harder.
It's bad enough that the large tech companies are now funding AI data centers by selling their own stock. So why would the founders want to tolerate a >$1B-$40B hit to their own net worth for a tax that really is not a one time tax which the threshold of this "wealth tax" will eventually get lowered into the 100M zone?
marojejian•46m ago
I'm skeptical this bill is actually a positive step in the overall campaign. That said, I think the more discussion about the concept, the better.
toomuchtodo•45m ago
> A new CBS/YouGov poll released Sunday found that 69 percent of respondents under 30 favor candidates who support raising taxes on wealthy Americans.
https://thehill.com/homenews/campaign/6096809-gen-z-taxes-we...
https://assets1.cbsnewsstatic.com/hub/cms/prod_cms_alt/file/...
andsoitis•28m ago
Then they should vote more.
Gen Z participated much less than the general electorate in the last election. In 2024 Gen Z voter turnout in the presidential election was 47% vs 65% overall turnout.
rvz•27m ago
Also, do they know who really is going to eventually pay for this tax? Guess. (It is not most billionaires.)
On top of that, those taxes will require founders to liquidate their holdings and will also affect employees holding the stock as well so it actually hits tech workers harder.
It's bad enough that the large tech companies are now funding AI data centers by selling their own stock. So why would the founders want to tolerate a >$1B-$40B hit to their own net worth for a tax that really is not a one time tax which the threshold of this "wealth tax" will eventually get lowered into the 100M zone?