The sworn enemy of collectivism is property rights, which the Commies, Socialists, Leftists of all stripes wish to divest from the citizens and invest into government. What better way than a “wealth tax?”
If the mob confiscated (stole) all the wealth from U.S. billionaires at its present value, that would only finance Federal Government spending for ~8 months. Of course forcing sales of assets would not yield “present value” and would crash both stock price and viability of those assets.
GROK tells me approximately 35-45 million Americans would be eligible for “reparations” for past slavery if it were to be paid. Taking the lower figure of 35M individuals multiplied by $200,000,000 would equal payments totaling $7,000,000,000,000,000 ($7 quadrillion). I don’t think that is going to happen, Poncho.
@amitabha1022@LeahRay44 Most of the geology and especially west of the 100th meridian is harsh as hell. How my 6 generations of ancestors made an early living out of it is a mystery to me. They were a lot hardier folks than us now.