Do you think a tax on all capital holdings over 2 million dollars is a way to pay for national health care?

Question

The capital holdings tax would be like a property tax. It would not effect anyone with holdings of less than 2 million dollars. It could be graduated to get the most from those that are hoarding the most in resources. 1 dollar out of every thousand over 2 million up to 5 million then 2 dollars for every thousand to 10 million ect, etc This would make the very rich pay the most. A new thought in this country. This kind of tax will never happen until we make it against the law to pay a lobbyist.

Answer 1

Are you kidding? Do you know what the price tag is for health care in this country? Why do you believe you are entitled to free health care anyway? Anything of value is worth paying for.

Answer 2

The rich already pay the bulk of Federal Income Tax. What you propose would do only one thing. It would trigger capital flight from this country to other nations.
It would also be a damper on anyone who planned to acquire capital holdings of 2 million dollars or more.
I don't know where this sort of class warfare via the tax code gets started. My father worked most of his life, from age 12 to well over 70 years of age. I can't recall his ever working for a poor man. The same for me.

Answer 3

First, no I don't. I believe in a flat tax.

Second, even if it were the best idea in the world, it would never pass. People with that kind of money pay alot in "donations" to politicians to ensure that legislation like that never gets to the floor for a vote.