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pat_k

(13,920 posts)
Thu May 21, 2026, 09:24 PM Thursday

This would be a start [View all]

Last edited Thu May 21, 2026, 10:32 PM - Edit history (1)

A one+-time graduated levy on assets with these targets

20% on assets in excess of 500 million.

From 15% to 20% on assets from 200 to 500 million

From 10% and 15% on assets from 50 million to 200 million

From 5% to 10% on assets from 10 million to 50 million


I've pulled these numbers out of my ass, but I have no doubt such a one time levy would make a decent start.

Since 1981 the corrupt Republican project has transferred more than 50 trillion from the bottom 90% to the top 1 %.

It's time for the beneficiaries to start contributing their fair share. Without a strong public sector they would never have amassed the wealth they have. They have hoarded a lion's share of our collective resources long enough.

So, while we figure out what those who benefit the most from a strong public sector should be contributing EVERY year, we start with a one-time levy. And by strong public sector, I mean one that ensures an educated, healthy electorate, enforcement of constitutional rights, robust judicial system, safety nets to protect against the excesses of capitalism, infrastructure, national security, and on and on

Not even running through what the lower rates would generate,

A one-time 20% levy on net assets exceeding $500 million would generate an estimated $500 billion to $1 trillion in federal revenue.

A one-time levy of 15% on the assets of individuals in the $200 million to $500 million range is estimated to raise roughly $150 billion to $200 billion nationally, depending on the exact number of households and assuming a 15% tax avoidance rate.
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