That’s a good point, I did think about the “reversal test” after I posted this comment and about whether I’d support lowering taxes on US billionaires, and I think I would.
But I think I excluded a key consideration—how the tax is raised. I’d support massively raising land value taxes or other property taxes (if they could successfully be enforced) on US billionaires.
But I think I’d support lowering other types of taxes on US billionaires to close to 0, depending on what proportion of the US government budget comes from taxing billionaires.
That’s a good point, I did think about the “reversal test” after I posted this comment and about whether I’d support lowering taxes on US billionaires, and I think I would.
But I think I excluded a key consideration—how the tax is raised. I’d support massively raising land value taxes or other property taxes (if they could successfully be enforced) on US billionaires.
But I think I’d support lowering other types of taxes on US billionaires to close to 0, depending on what proportion of the US government budget comes from taxing billionaires.