Sales Tax, Wealth Equity Tax

Potato chipsImage via WikipediaThere are right wingers claiming close to half the country does not pay any taxes. But everybody pays the sales tax. When you buy potato chips you are paying the sales tax.

Instead I think there is an urgent need to introduce a wealth equity tax. As soon as a company's valuation exceeds a billion, the American people end up owning 10% of it. That should be the arrangement. The US federal government would represent the American people. This would apply to all corporations whose market value might already exceed a billion.
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