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Most billionaire wealth isn't in yachts or jewelry — that's just a few percent of it. Most is productive business capital: companies that employ people, build things, and fund research. Tax that wealth and you're taxing the businesses that employ us all. Cato's Adam Michel explains.

nevermore

@hellnonotever.bsky.social

Fewer and fewer people are buying this line of bullshit, luckily. What it boils down to is “I’ve got mine, so fuck you.” If some semblance of fairness is ever restored to our tax system, zillionaires will still be plenty rich, but what you really can’t stand is democracy.

20/10/26, 12:28 pm1 repost15 likes

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