re: 25% billionaire tax?

quote:

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That seems to be exactly what he is proposing. What else would you call a mark to market scheme to tax unrealized gains?

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Eventually I think they try this with some linguistic gymnastics attempting to claim wealth as income because Congress will absolutely refuse to sacrifice their political careers in order to cut spending. I also think it will get shut the frick down if it even makes it to the appellate level.

This has also led me to the belief we may see a growing adoption in DC of the MMT mindset (which will, of course, be disastrous).

No one goes to DC to serve just one term.