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Musk Secretly Used Starlink to Foil Ukrainian Drone Attack on Russian Ships
(www.thedailybeast.com)
this post was submitted on 07 Sep 2023
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Musk openly stated that he spoke directly with Putin after the Ukraine invasion had started. The super wealthy have no loyalties and will sell anyone and anything to the highest bidder. I've said it before, every penny after $1 billion needs to be taxed at 100%. Time to reign in the oligarchs.
Is that just liquid assets, or do you also want to tax them on stock they own in companies?
Honestly I don't know. It's really more the sentiment that I'm expressing. I'm aware that the wealthy are very good at playing shell games. No measures would catch everything.
Wealth taxes are fantastic in theory, but in practice have never worked. They're too hard to implement. I agree with the spirit of what you're saying, but I just don't think a wealth tax is the answer.
Agree in principle but the ultra wealthy would simply find new creative ways to hide their income.