Reply to thread

I think for most democrats, certainly mainstream corporate Dems, they have zero serious intention of tax reform. After all, it’s these tax “loopholes” (not sure why they are called that when such policies are explicit tax code). The donor class and companies that fund these politicians don’t want reforms and therefore will not be addressed.

The difference is with Dems is that they use the ideas of billionaire taxes and closing  loopholes to garner votes. Don’t

worry, the republicans are guilty of similar tactics.

And the few Dems that take these reforms seriously are naive to think billionaire's won’t  shufle their money around or move it elsewhere to avoid taxes. Or that loopholes will intentionally be included by their peers.

And some either dumb enough to believe (or believe the public is) to suggest things like 2% tax on net worth per year- which assumes billionaires j have 20+ million in cash on hand.

Say a guy has a $1B net worth but nearly all of it tied up in his compajy’s stock. He’s going for I have to sell $20m in product ro pay his taxes- which then devalues he remainder of his stove