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.@Noahpinion: "If you want a European-style welfare state, you have to have high taxes on the upper middle class and the merely-rich — you have to tax millionaires, not just billionaires. Disturbingly, though, it’s not clear that funding a welfare state is Democrats’ main reason for taxing the ultra-rich. When faced with the prospect of top earners leaving her state due to high tax rates, Seattle’s self-described socialist mayor Katie Wilson responded: “Like, bye.” Why would a socialist grin at the prospect of a reduced tax base? It’s possible that the reason progressive Democrats want to tax the ultra-rich is not to fund anything, but simply to reduce the social status and power of the billionaire class." https://t.co/OxGF9VGXDG