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123 sats \ 3 replies \ @SimpleStacker 23h \ parent \ on: CA proposes one-time 5% tax on billionaires Politics_And_Law
I'm not fundamentally against progressive tax rates.
I'm mostly commenting on the article itself, which says that "this wealth tax will work because it's a one time tax," which I think is a very foolish thing to say.
As to health care, I am supportive of a public/private model like Taiwan has. But the US healthcare sector has so many ingrained interests that I think it's basically impossible to reform without bloodshed at this point.
yeah, the one-time thing is what caught my eye the most as well. I suppose it's fine if that's how it is described in the law, but using it as a justification is absurd.
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Seriously think the author just has stars in his eyes over things he wants to happen, but doesn't actually stop to think how it's perceived by others. It seems to be a common problem among progressives.
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I guess they are hoping Trumps attacks on Medicaid are a one time event as well?
Totally I agree the US healthcare system looks to be a tragic mess of chronic embedded cronys lobbying to maintain their rentseeking.
Within that terrible political dysfunction a one off tax on the rich seems like a viable option!
I pity the doctors, nurses and workers in the US system where money seems to trump the hypocratic oath.
Also agree a mixed model where you have decent free universal healthcare along with some private provision for those who can afford it is a reasonable balanced way to go although it leaves a tension between the two and lobbying by the private health providers to cut into the public system.
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