Could a Wealth Tax Protect Billionaires? — Market Mad House

I want a high wealth tax on billionaires because I think billionaires are good for America. To elaborate, I think a high wealth tax could protect billionaires and help preserve capitalism.

A growing percentage of Americans think billionaires are bad for the United States. In detail, 29% of Americans Pew Research surveyed said “billionaires are a bad thing for the country,” in July 2021. The percentage of Americans who say billionaires are bad grew from 23% in January 2020, Pew reports.