The wealthy aren’t paying their fair share and that is something that needs to be corrected. The arguments in favor of progressive tax systems are countless.
It’s important to note that taxing wealth isn’t the same as taxing income. But you can do both and the US has a very well established system for doing so: income when earned and wealth when transferred to the next generation. Unfortunately, both of these systems have been gutted.
I’d love to see these both get their teeth back. Pretty simple really: (1) make progressive income tax rates apply to all income sources and decrease income exclusions/deductions and (2) lower the wealth tax exemptions and clamp down on tactics used to skirt around the exclusion amount (primarily family partnerships). This is basically just returning to policies the US had from about 1950 to 1970, which also was a time of exceptional middle class growth. It’s really not breaking new ground and it’s a proven, sound way to generate widespread economic success while also battling greed and inequality.
We could go a step beyond and do a value-added tax system too, which effectively taxes consumption, but that’s another topic entirely.
So far, yes. They’re allowing things to continue as they did before this case was brought.
But much more importantly, they’ve agreed to rule on the merits of the case. While this order might make you think they’re in favor of the administration, they could easily flip against when the issue the actual ruling. Then it’s a more permanent action.
I see this as a very important issue of our time. Social media platforms have speed up the exchange of opinions and information tremendously. But they’re terrible at preventing the spread of misinformation. That’s shouldn’t always result in government intervention, but sometimes it should. There are many restrictions on the first amendment that are justified.
During a global emergency about a serious health hazard, it seems entirely justified to place more restrictions on first amendment rights and allow government intervention when the private companies fail to act.