▲ 15 ▼ Billionaire tax: how a union leader’s ‘crazy’ idea became the defining issue of California’s midterms (www.theguardian.com) submitted 1 week ago by RabbleRebel@lemmy.wtf to c/politics@lemmy.dbzer0.com 7 comments fedilink hide all child comments
[–] Jiral@lemmy.world 0 points 1 week ago (2 children) And a one off 5% tax has better chances? How so? permalink fedilink source parent hideshow 2 child comments replies: [–] Viking_Hippie@lemmy.dbzer0.com 2 points 1 week ago (1 child) Because it's only a one off, the billionaires have less to lose and thus will "only" spend a few hundred million dollars fighting it and aren't likely to issue ultimatums to their pet politicians over it. A more permanent tax out of the gate (with no preceding successes to pave the way) would meet several times the resistance and since the people in charge of suggesting and passing legislation are aware of that, they'd give up in advance. permalink fedilink source parent hideshow 1 child comment replies: [–] Jiral@lemmy.world 0 points 1 week ago* Maybe, but I'd be inclined to believe they'll fight a one off 5% payment also tooth and nail, just the same way they'd fight a proper wealth tax. permalink fedilink source parent
[–] Viking_Hippie@lemmy.dbzer0.com 2 points 1 week ago (1 child) Because it's only a one off, the billionaires have less to lose and thus will "only" spend a few hundred million dollars fighting it and aren't likely to issue ultimatums to their pet politicians over it. A more permanent tax out of the gate (with no preceding successes to pave the way) would meet several times the resistance and since the people in charge of suggesting and passing legislation are aware of that, they'd give up in advance. permalink fedilink source parent hideshow 1 child comment replies: [–] Jiral@lemmy.world 0 points 1 week ago* Maybe, but I'd be inclined to believe they'll fight a one off 5% payment also tooth and nail, just the same way they'd fight a proper wealth tax. permalink fedilink source parent
[–] Jiral@lemmy.world 0 points 1 week ago* Maybe, but I'd be inclined to believe they'll fight a one off 5% payment also tooth and nail, just the same way they'd fight a proper wealth tax. permalink fedilink source parent