General Discussion

The 'tax the rich' slogan may seem an easy sell but targeting individuals does not yield as much as one might hope. If you tax the flows of money, be that to/from individuals or to/from big business you have a more sustainable and substantial yield. Individuals can move and offshore their money but folks making money in and off the US economy can't hide as easily. If every money transfer of say over $5 million is taxed at say 1/10 of 1%, you get huge revenue. Banks loaning from the Fed gets that tax, people buying large properties get hit, business buyouts, on and on. There would need to be rules that you don't get to break up big transfers into a bunch of sub $5 mil transfers and so on but it can be done.