A 10% annual tax on all assets over $1Billion, personal and corporate. They’d never notice. Would that be enough to provide free breakfast and lunch in schools for every child who needed* it? Would there be any left over? Enough to expand to any child who wanted it? Sure, it’s socialism, but it’s just the billionaires paying for it, so fuck them. They can afford it.
@thepoliticalcat
This is true. One step at a time. First we go for the billionaires, then we go for the multimillionaires. There’s way more of them than billionaires. All it takes is to elect politicians capable of standing up to the oligarchs and all the oligarch wannabes and implementing the taxes. Sure, there’ll be some whiny naysayers who predict the collapse of the economy or some such dire calamity. I say, prove it. They’ve been wrong about everything else so far.
@ItsTrainingCatsAndDogs@qurlyjoe
That's concerning news. Turns out that the school has to meet requirements too. This is a FAQ from the state issued last July. Might give you info as to why your school is not or cannot participate.
@hairylarry
Reality in Colorado, too. Why not the whole country? CO pays for theirs by taxing income over $3 hundred K. Comes to $45 / year, at that level. Let the billionaires pay. If there’s some left over, work on housing.
According to Forbes, as of the end of 2023 there are 735 billionaires in the US. $100M times 735 is $73B. A year. That’ll buy a lot of breakfasts and lunches. Thing is, you gotta feed em thru the summer, too. Our county food bank does that, paid for entirely by donation and grants. The CO plan uses local providers, so no huge bureaucracy.
2/n
A national plan would probably spawn a huge bureaucracy of course, that’s what they do. But hey, jobs, right? Plus, again, paid for by the billionaires. How sweet is that?
3/n
No! Wait! Serious miscalculation. (In defense, arithmetic’s never been my strength, plus I was high last night.)
$73B is what we’d get by taxing just the first $1B of these bozos. Most of em have multiple billions, and a bunch have a couple hundred billions. Hell’s bells, now we’re talking real money.
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