General Discussion

... reform -- universal health care, basic income, whatever -- and the progressive income tax and wealth tax fairness and economic justice demands long-term.

Could be a substantial wealth tax is part of that, but a one-time levy as a start:
1. Is hell of a lot harder to "plan for" and avoid.
2. Steep payment is more acceptable as a "one-time" payment.
3. Successfully passing such a one-time levy on wealth sets a precedent that the "can't be done" naysayers can't argue with. It sets the stage for a wealth tax becoming a standard revenue generating vehicle.


Just my humble notion, but I think that such a one-time levy is something that more candidates in our party should be talking about. It answers questions like: What can we do to even begin to address the magnitude of the transfer of wealth from the many to the few? How do we tackle the massive deficit (first step toward addressing the debt)? And more.

BTW, the deficit is currently about 1 trillion, so this actually would close the gap (and more) as we enact reform to, at a minimum, rescind the trump tax cut, rescind the insane ICE budget (if they even manage to pass it, which looks a little more doubtful today that it did yesterday), enact a single-payer public healthcare option, expand Medicaid beyond what it was before, expand SNAP beyond what it was under Biden, and so much more.