The following is commentary intended for discussion. Add your comments!
A 2% wealth tax, as proposed by Sen. Elizabeth Warren, wouldn't impact me. It wouldn't impact most of you. (I think it's targeting people who have wealth above $50 million.)
I guess it's tempting to try to play off our jealousy and hope we will be "all for" hitting people who have more than us.
Personally, even when I had nothing, I didn't resent those who had more. I didn't hope that they got taxed more, I didn't spend time thinking about how undeserving they were or how I'd been held back from what was, somehow, rightfully mine. I just tried to show up, work very hard, bounce back, be positive, get motivated after failure instead of feeling discouraged, and help others.
For the ultra-wealthy who speak out on occasion and say they think they should be paying more taxes: nothing stops them from doing so today. They can pay as much as they want over what they owe.
When they're advocating that "they" should pay more, they're actually saying they want to control matters so that "others" pay more-- because they can do what they feel is their fair share today. No new law needed.
What do you think?