There's one use where it makes a lot of sense though: massive downpayments of government debt. Though it should be paired with an iron-clad obligation (like a constitutional amendment) not to let the debt rise like that again in the future.
If we want more tax dollars, eliminate QSBS stacking that allows $750m in cap gains tax free, charge a tax on loans against assets like stocks, get rid of the carried interest loophole, end the step-up on assets distributed via inheritances, fix the corporate tax strategies that the NY Times documented https://www.nytimes.com/2026/05/29/business/economy/offshore...
But even better, would be to fix the spending & fraud problems and implement Milei style reforms that stop government salaries for elected officials for deficit spending...
Sounds like a good investment to save $13B+
TBH, it sounds more like robbery to me. That is dictated by the majority doesn’t make it right.
Are you a taxation-is-theft absolutist or is there a line somewhere?
[dead]
Good for him, somebody ought to.
The idea of a "one time" tax is so stupid that any person, regardless of income, should oppose it. It just makes no sense whatsoever.
There's one use where it makes a lot of sense though: massive downpayments of government debt. Though it should be paired with an iron-clad obligation (like a constitutional amendment) not to let the debt rise like that again in the future.
Good for him.
If we want more tax dollars, eliminate QSBS stacking that allows $750m in cap gains tax free, charge a tax on loans against assets like stocks, get rid of the carried interest loophole, end the step-up on assets distributed via inheritances, fix the corporate tax strategies that the NY Times documented https://www.nytimes.com/2026/05/29/business/economy/offshore...
But even better, would be to fix the spending & fraud problems and implement Milei style reforms that stop government salaries for elected officials for deficit spending...