David Friedberg

In this case, they're saying anyone with a net worth over a billion dollars.

And then they can go and take assets from only that group.

And then they can go and take assets from only that group.

That is non-uniform taxation.

That is non-uniform taxation.

It means that for the first time, we're saying based on the demographics of a person, meaning whatever you want to use to define that person,

It means that for the first time, we're saying based on the demographics of a person, meaning whatever you want to use to define that person,

in this case, their wealth, you are going to be treated differently.

in this case, their wealth, you are going to be treated differently.

And that is different than an income tax.

And that is different than an income tax.

Because remember, when you have graduated income tax rates, and you say high earners tax more, what you're taxing is the earnings, not the individual, you're not looking through to the individual to determine whether or not they're wealthy, all you're doing is looking at the independent earnings amount that's coming in.

Because remember, when you have graduated income tax rates, and you say high earners tax more, what you're taxing is the earnings, not the individual, you're not looking through to the individual to determine whether or not they're wealthy, all you're doing is looking at the independent earnings amount that's coming in.

And so a uniformity clause is supposed to protect

And so a uniformity clause is supposed to protect

people from being demographically discriminated against.

people from being demographically discriminated against.

And you may roll your hand and be like, oh, who cares about the billionaires?

And you may roll your hand and be like, oh, who cares about the billionaires?

Eat the rich.