‘On The Cusp’ Of ‘Urgent Things’
"We're on the cusp of an infrastructure decade," Joe Biden declared, in remarks delivered Tuesday afternoon after the Senate passed a bipartisan plan months in the making. The vote was 69-30. Mitch McConnell joined 18 other Republicans in supporting the bill.
I said "months in the making." That's not quite right. It's actually years, or even decades in the making. America's elected officials have been talking about infrastructure for so long that "infrastructure week" became a standing joke --
We can hope she is president one day, she will finish the work The New Deal started.
Speaking of Bezos, Gates, Zuckerberg, and Musk: I wonder what would happen if a congressperson managed to float a bill that introduced a wealth tax? Not just any wealth tax, but a special wealth tax: a 95% tax on wealth controlled by one individual over 10 billion dollars. 0% for anything under 10 billion dollars. Would we really shed a tear when this is implemented? And would it even be anti-capitalist? I don’t think so. If you make 10 billion dollars, you won the game of life. More than that goes back to the house for providing the environment for you to earn and keep that level of wealth. Would people try to avoid the tax? Of course. But consider that there are only 50 to 100 people in the US who would be eligible for this tax. It shouldn’t be too hard for the IRS to keep an eye on 50 to 100 people. It would net the US treasury about 2 trillion dollars in the first year, I believe. Less after that, of course, but probably still substantial.
But all of their wealth over $10 Billion is only on paper and currently in stock they haven’t sold yet.