Unaffordability would be the goal, as well as an increasing scarcity in jobs, wages, benefits, and capital to pay for all the promises the “tax the rich” lunatics promised. They never sell it like that, nor do they know the waste, fraud, and corruption inherent in their project, which is why they need more money from somewhere.
There are no examples where “taxing the rich” lifted anyone but the political elite above their current economic state. Every variation of Democrat-socialism (socialism/Marxism) ends the same way. A few people have a lot, and everyone else has very little, where you either climb the political ladder until you achieve enough power to join the elite, or you get there via crime to a degree that your empire has value for the ruling class.
Taxing the rich makes everyone else poor.
That doesn’t stop the progressive elites from working it, and why would it.
- In California, progressive groups have either qualified, or are close to qualifying, a 2026 “Billionaire Tax Act” ballot measure to impose a “one‑time” 5% excise tax on individuals and trusts with a net worth of at least $1 billion, covering “all forms of personal property and wealth.” Separate initiatives focus on a recurring wealth, and a general high-earner tax for health care funding, spurring organized opposition from the tech billionaires.
- Last year, Maryland boosted income tax rates on residents earning more than $500,000, explicitly framed as a way to narrow that state’s budget deficit.
- In Connecticut, Democrat lawmakers are musing increased income tax rates on “rich people” earning $250,000 or more (or $500,000 for couples) to offset the expected federal funding cuts. The bills are under heated debate, but have not yet passed.
- In Washington State, after adopting a capital‑gains tax last year, Governor Bob Ferguson (D) now supports a new “millionaire’s tax” of 9.9% on annual income above $1 million, with final details expected in the 2026 legislative session.
- Rhode Island recently passed a new levy on vacation homes valued at $1 million or more, popularly dubbed the “Taylor Swift tax,” aimed at raising revenue from luxury property owners and ‘nudging’ second homes back into the general housing market.
The same thing happens every time. People with money take their wealth and very likely the skills that created it, and invest themselves and their resources somewhere else.
I know. The Dems painted a picture of fat cats squatting over hordes, but that’s a lie. Most of that money is invested in activities that create jobs and generate wealth for others. It makes loans to small businesses that innovate or provide valuable services. The list of benefits is long and ignore by tax the rich urchins making noise that will lead to the sinking of all but a few boats.
There will be fewer jobs, less growth, less investment, less innovation, alongside higher taxes and fees as the Democrats who sold you the lie look for ways to keep government programs and interests fat and happy.
You get less, and they take more, and the “rich,” they’re still rich and living elsewhere, driven off by you and your cute little signs, and your angry, ignorant rhetoric.
There are very few people with money who didn’t earn it. The children of actors and the offspring of people who created something. Quire often layabouts who are famous for being famous, pandering to that same progressive audience because they didn’t grow up respecting how wealth comes to be or how it works. Their family accountants, business managers, and lawyers know but get to leech off the empires of others for their wages. Some of them work hard, others not so much.
A few of them rob their hosts and use that to create opportunities for themselves, which is what government is in all its forms and why politicians should never be permitted to profit in excess from the enterprise. Most are overpaid, and the only “rich” you ought to be taxing.
Public servants who make more than the people they are supposed to work for quickly become the most dangerous. Instead of using what they have (skills or capital) to create things that, in turn, create jobs and wealth, they feed off those who do to create jobs that protect their agenda and power. Doing less and taking more, by telling you that you need to let them tax the rich to whom they give loopholes and exceptions if they support them politically.
Don’t be an idiot.
Leave the job creators and investors alone. If you want to tax “the rich,” do it by lowering taxes and shrinking that ugly, lying beast known as government. In the end, it will just take more form for you and make your life less affordable. It doesn’t know how to do anything else, and you can’t teach it new tricks.
You have to force them (and what they try to make the government do poorly) back into the private sector. Force them to compete. It is the only way to lower taxes (improving affordability), lower the cost of goods and services (improving affordability), and eliminate things no one really wanted or needed from government or the private sector (cut the waste).
Less government and fewer handouts lower budgets, reducing opportunities for fraud and, once again, making everything cost less.
Unless, of course, you are convinced we’d all be better off living in equal misery, in which case, the problem is you.
