re: Biden Embraces G20-Proposed 2% Wealth Tax To Battle 'Racial Wealth Inequality'

quote:

---

Do these idiots not understand that billionaire wealth isn’t often liquid?

---

They don't. They think "rich" and "wealthy" are synonymous (or at least close enough for the difference to not matter). Because they don't understand the difference they see poverty as just the lack of having money, not that it's a mindset. As such, their "solution" simply addresses the symptom instead of the root cause, thus it ultimately fails (like those who win massive lotteries but then are broke just a few years later).