patrick.net

When have federal taxes ever been good for anything except making us all poorer?

As soon as that tax went into play, the market would crash as investors would sell immediately. This would be an interesting event to say the least. The real problem is income inequality. For some reason, poor people think that rich people haven't boatloads of money doesn't hurt them. Clearly, it drives up prices of everything including their house. The right way to do this is not to make up taxes on each item you want to protect. The right way to address it is to work on income inequality in this country.

There would be an uproar of people who would not afford to live in their houses. Instant recall impeachment riot, etc...