A 2% Financial Wealth Tax Would Provide a $12,000 Annual Stipend to Every American Household

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petterson's picture

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Parch1936's picture

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ulTRAX's picture

The claim is: "How to Pay for It

Largely because of the stock market, U.S. financial wealth has surged to $77 trillion, with the richest 10% owning over three-quarters of it. Just a 2 percent tax on total financial wealth would generate enough revenue to provide a $12,000 annual stipend to every American household (including those of the richest families)."

Pray tell, how is taxing paper wealth... ie non-realized wealth, a solution to anything?

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