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This is why Biden's team needs better publicity
Widespread awareness that the billionaires are flipping to Trump to dodge taxes would boost Biden's profile.
This isn’t a play Biden has really every done his entire time as a politician. Biden is the definition of a politician who identifies the status quo and builds their platform from it.
Whatever, most of the time it doesn’t matter, but it is truly incredible in this moment how much more politicians like Biden could be successful if they just promised to tax billionaires and then actually did it. Yes you would receive zero campaign funding from the rich for the rest of your life but you would also become extremely popular in the eyes of the public?
Small donation campaign financing works, this isn’t black magic.
Tbf he has promised to raise taxes on billionaires. If he actually is able to do it is another matter.
Honestly, I think for many countries it might require very far reaching constitutional changes to actually tax the ultra wealthy.
For the USA, an amendment was needed to introduce the income tax.
Another amendment might be needed to introduce a wealth tax.
And a legal distinction would need to be made between the property of the common man vs. the ultra wealthy.
That 14th house, yacht and the hundreds of billions of the billionaire currently enjoy the same legal protections as the owner-occupied single family home and that family's meagre savings account and the car they need to get to work.