Episode 105: The “Problem” with Billionaires
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The Pros and Cons of the Wealth Tax
The first income tax was like 1% or 2% and applied to people who made in today's terms over $75,000 which back then I think would have been a lot of money. It took the federal government all of seven years before that tax was extended down to the middle class and then eventually down to the poor and jacked up to the tune of like 15 or 18%. So if you let the government in the door here with a wealth tax, don't believe any of this nonsense about it's only going to apply to the billionaires. This is the camel's nose under the tent. For crying out loud you guys. You have to start being nicer to each other. Be
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