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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://esq.social/users/andrew/statuses/113033927020770440">Andrew Leahey (andrew@esq.social)'s status on Wednesday, 28-Aug-2024 06:13:55 JST</a><a href="https://esq.social/@andrew" title="andrew@esq.social"><img src="https://gnusocial.jp/avatar/30491-48-20230702122429.webp" width="48" height="48" alt="Andrew Leahey" style="position: absolute; left: 0; top: 0;">Andrew Leahey</a></section><article><p>The top 0.1% wealthiest Americans control about $20 trillion in assets. </p><p>A tax on them would raise $340 billion and never touch anyone worth less than $50 million. </p><p>If you're worth less than $50 million and opposed, you might ask yourself why and who you are furthering the interests of. <a href="https://esq.social/@andrew/113033909325519493" rel="nofollow noreferrer">https://esq.social/@andrew/113033909325519493</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3577792#notice-7019656">In conversation</a><time datetime="2024-08-28T06:13:55+09:00" title="Wednesday, 28-Aug-2024 06:13:55 JST">about 9 months ago</time> <span>from <span><a href="https://esq.social/@andrew/113033927020770440" rel="external" title="Sent from esq.social via ActivityPub">esq.social</a></span></span><a href="https://esq.social/@andrew/113033927020770440">permalink</a><h4>Attachments</h4><ol><li><article><header><div>No result found on File_thumbnail lookup.</div><h5><a href="https://esq.social/@andrew/113033909325519493">Andrew Leahey (@andrew@esq.social)</a></h5><div> from <span>Andrew Leahey</span></div></header><div>Taking even the lowest rate (1.7%) and the smallest base (top 0.5%) from the Spanish wealth tax and applying it to the US would mean an immediate $340 billion annual tax revenue increase. That would be a 7% increase in total tax revenue and, applied to social welfare programs, would constitute a 25% increase in their funding. A wealth tax can work -- those who say otherwise are either billionaires or listening to billionaires. #lawfedi @law@a.gup.pe #wealthtax #taxeshttps://news.bloombergtax.com/tax-insights-and-commentary/spains-wealth-tax-model-could-address-inequality-in-us-policy</div><footer></footer></article></li></ol></footer></blockquote>

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Andrew Leahey (andrew@esq.social)'s status on Wednesday, 28-Aug-2024 06:13:55 JST Andrew Leahey
The top 0.1% wealthiest Americans control about $20 trillion in assets.
A tax on them would raise $340 billion and never touch anyone worth less than $50 million.
If you're worth less than $50 million and opposed, you might ask yourself why and who you are furthering the interests of. https://esq.social/@andrew/113033909325519493
In conversationabout 9 months ago from esq.socialpermalink
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  Andrew Leahey (@andrew@esq.social)
  from Andrew Leahey
  Taking even the lowest rate (1.7%) and the smallest base (top 0.5%) from the Spanish wealth tax and applying it to the US would mean an immediate $340 billion annual tax revenue increase. That would be a 7% increase in total tax revenue and, applied to social welfare programs, would constitute a 25% increase in their funding. A wealth tax can work -- those who say otherwise are either billionaires or listening to billionaires. #lawfedi @law@a.gup.pe #wealthtax #taxes https://news.bloombergtax.com/tax-insights-and-commentary/spains-wealth-tax-model-could-address-inequality-in-us-policy

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