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View Diary: Death of the American Dream is marked by the weakest social safety net & largest prison population (176 comments)

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  •  fund the safety net with luxury taxes (0+ / 0-)

    Why not fund the social safety net with luxury taxes?

    Any house with more square feet than average would be taxed on 25% of the excess size.

    Any car costing more than average would be taxed at 25% of the excess.

    Any large or expensive yacht or boat would be taxed at 25%.

    All of the above would improve energy usage.  Big houses cost excess energy and wreck the environment.

    Big houses are unnecessarily built in the better zipcodes to get the maximum return on the high land price.  Many wealthy buyers don't even need the large size, and a tax would help get rid of the supersized houses.

    Expensive bottles of wine, jewelry, expensive clothing, etc., all could be taxed at 25% of the amount their expense exceeds what a normal person of modest means would pay.

    I don't care if Warren Buffett has a ton of money if he gives it all the charity or pays it in estate tax.  

    But if a rich person, or an improvident person who isn't rich, wants to waste money, let them share a little with the less fortunate via the government.

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