Here's a new tax Greenwich Democrats should love

Greenwich Democrat Chief Economist, Rufus T. Firefly: “It’s not an income tax, because it’s not income — we’ll call it an ‘Ephemeral wealth tax’. Brilliant!”

Tax unrealized gains. Stocks, bonds, art, corn in grain silos, inventory on hand, and best of all, real estate. “Those all go up and down”, Greenwich Democratic Committee of Taxation Chairman Jeffrey Ramer (might have) told FWIW, “so the key is to hit ‘em when they’re high. And if the value drops, later, well, so what? That’ll teach them to be hoarders. Equity, Baby, equity!”

The new tax coming this year is another proof-of-concept exercise, like the COVID lockdown and the 1913 Income Tax which, you may have read, was supposed to be just a “tiny, 2% tax on the tiny, top 1% of Americans”. Just as there was never going to be enough money in the rich’s pockets to fund Wilson’s and his Progressives’ schemes and the tax man was soon turned loose on the middle-class, so, too, will the confiscatory “wealth tax” be extended to where the real money is: the chump class.