While I'm dubious about both the legality and wisdom of this proposed tax, I confess I'm having trouble seeing "paying a 0.4% tax on wealth over $30M" as being "slave to a state." Yes, metaphor, but it's a metaphor of "reducing my $50M estate to $49.92M might as well be forced servitude," and, uh, no. C'mon. Put that $50M somewhere that averages even a modest 4% annual return and you could pay the tax, draw out $600K a year (I mean, you can live on that, right? Not a hardship?), and still have another $600K left over.
The people who would actually be subject to kind of tax would not, in an actual monetary sense, be adversely affected by this kind of tax, and we're really falling back on to crying BUT IT'S THE PRINCIPLE OF THE THING. And, fine, but also ironic -- after all, that's also the rationale for imposing the tax.
The people who would actually be subject to kind of tax would not, in an actual monetary sense, be adversely affected by this kind of tax, and we're really falling back on to crying BUT IT'S THE PRINCIPLE OF THE THING. And, fine, but also ironic -- after all, that's also the rationale for imposing the tax.