Then get educated about how the system is set up to benefit them. There’s systems that could be useful like taxing the underlying assets that underwrite a loan if they reach a certain amount since the wealthy right now are collateralizing financial instruments like stocks to take out loans (Like Elon Musk did with his Tesla stock to buy Twitter, simply bypassing what should have been a taxable event). This one is tricky as HELOCs are used by a ton of lower on the totem pole folks to maintain their homes and cutting that off would come with some fairly disastrous consequences, like poor folks being simply unable to acquire the funds to fix a home issue before it becomes something that causes a complete loss of habitability of the property.
That may be true but I’m still highly concerned about the broader issues with our tax cuts for the wealthy and the accumulated wealth of the upper 1%.
Then get educated about how the system is set up to benefit them. There’s systems that could be useful like taxing the underlying assets that underwrite a loan if they reach a certain amount since the wealthy right now are collateralizing financial instruments like stocks to take out loans (Like Elon Musk did with his Tesla stock to buy Twitter, simply bypassing what should have been a taxable event). This one is tricky as HELOCs are used by a ton of lower on the totem pole folks to maintain their homes and cutting that off would come with some fairly disastrous consequences, like poor folks being simply unable to acquire the funds to fix a home issue before it becomes something that causes a complete loss of habitability of the property.