John Cusack thinks it’s insane people don’t want all their assets taxed to death.
A wealth tax is an idea that seemingly gets debated every few years. The idea is pretty simple on the surface. People are hit with an extra federal tax on assets they own (houses, stock portfolios, 401K, etc) and inheritances in order for the government to take even more money than it already does.
It’s a truly crazy idea. For example, people who own homes already pay local real estate taxes. A wealth tax would tax the property again. It’s nuts, but Cusack thinks it’s crazy anyone would try to stop it from becoming law.
The actor unleashed a rambling rant on X in response to an article about former acting solicitor general Neal Katyal – a Democrat – trying to use the courts to block a federal wealth tax before it even gets here.