It is impossible to defend democratic rights or any of the social interests of working people without seizing the unearned wealth of the billionaire parasites.
I don’t think the working class is taking out $10mm personal loans against their stock portfolios. And if you do it with a progressive model, smaller players won’t be impacted much or at all. Otherwise, if it’s being used like income it should be taxed like income.
I don’t think the rich people’s “resources” are that useful if they can’t turn them into fungible money. Can’t eat Tesla stocks. They have power through other mechanisms like access and owning platforms, but money is a big part of it. They can spend money on elections, on bribes, on buying platforms. So I’m not really sure what you meant by the distinction between resources and money.
I don’t think the working class is taking out $10mm personal loans against their stock portfolios. And if you do it with a progressive model, smaller players won’t be impacted much or at all. Otherwise, if it’s being used like income it should be taxed like income.
I don’t think the rich people’s “resources” are that useful if they can’t turn them into fungible money. Can’t eat Tesla stocks. They have power through other mechanisms like access and owning platforms, but money is a big part of it. They can spend money on elections, on bribes, on buying platforms. So I’m not really sure what you meant by the distinction between resources and money.