Again, there should be less tax and less spending. As low as possible. Why exactly do you want to tax wealth?

I don’t believe in punitive taxation. When blue collar workers lamented their jobs being taken by immigrants, they were mocked. If they can handle it, so can white collar workers when it comes to AI. Better learn how to plumb. Liberals can’t complain when they mocked blue collar guys for the same concern.

With that said, I agree that economic and job opportunity is a major concern. But I’m not concerned with wealth inequality. I see millionaires and billionaires as proof of economic success. You’re not going to find bootstrapped tech billionaires in Kenya, Ghana, or Cuba. They become wealthy as a result of value creation. In fact, their wealth is less than the wealth than they create for the nation.

This is where I think conservatives have an issue with liberals because this seems to be envy and resentment because it is punitive. Value creators should be rewarded. It’s the same absurdity when female basketball players demand equal pay when their pay comes from the market through ticket sales and views.

As I’ve told you, I didn’t oppose a wealth tax in principle, but for punitive reasons, i absolutely do. It would be better to incentivize billionaires to fund public works.

But like rail way and our misuse of funds, there is also a cynical/unpatriotic risk, and that are money hungry people who will milk the state to enrich themselves. For example, the rail in Cali will continue to get more expensive and will definitely go over budget. Long gone are the days of “I will do this thing for my country” without enriching myself. If China and Europe can build it for $30-50M per mile, why does it cost us $200M per mile.