US should adopt wealth tax, like Argentina, to help with COVID crisis - Business Insider

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Opinion | Their one-time 2% tax on the wealthiest citizens raised $4 billion and helped fund their COVID relief efforts.

One popular solution is a wealth tax on the country's richest citizens, much like Argentina has done.

Argentina may be the first country to pass a measure like this in response to the global pandemic, but it shouldn't be the last. This kind of legislation should be a no-brainer for American lawmakers looking for ways to save the American economy. Because despite a booming stock market, the economy that most Americans live in desperately needs saving.The US is facing a level of inequality that is destabilizing our country.

This is the state of our economy: the rich are richer than they've ever been, and everyone else is struggling. It doesn't take a PhD in economics to see how we fix this. Tax the rich, and offer support to everyone else.It's important to point out that we don't need to tax the rich to spend more money on economic relief. The US government issues US dollars, and we are far away from the point at which additional government spending would lead to out-of-control inflation.

 

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There's no such thing as a 'one time' anything in the USA Liberals will use courts to make anything permanent. Look at DACA

Fuck socialism

What about a voluntary donations from the 500 top companies in the USA, or a Teleton? Why limit their contributions to 1-2% or one time? Lets do it regularly, 5% every year forever, I am sure BillGates JeffBezos jack Facebook Google elonmusk etc will be delighted to do it!

It really didn't though.

Yeah, let's make people pay an unfair share due to the gov not knowing how to spend OUR money within their means. How about you make a new budget rather than forcing everyone to give you more money.

good luck

How many vaccines have Argentinian companies developed?

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