A significant portion of the population in the USA still thinks of Reaganomics as certified fact rather than a largely discredited theory. By this mindset the engine of our economy requires people to strive for a ton of money. A rising tide lifts all boats and all that. First, I got to wondering, were US billionaires even a thing at the end of Reagan’s term? As a tween at the time, I couldn’t really remember. Turns out, yes: Sam Walton • $6.7 billion • Wal-Mart Stores John Kluge • $3.2 billion • Metromedia Ross Perot • $3.0 billion • Electronic...
I’ve been yelling this for years now, wealth caps! Finally someone else!
And yeah, just do it with taxes. After a net worth of 10,000,000 all income in whatever form gets taxed 100%
Nobody can be worth more than that, nobody can control more than that. You want to have a billion dollar company? Well, that is a lot of small shareholders who by the way also need networth to own a home, for example.
Governments get a huge increase in funding which they can use for so many things like free healthcare for all, free education for all, maybe even universal basic income!
Governments can fund independent press funding foundations so that journalists and news organisations can do their jobs without having to be for money or use ads,for as long as they flow the rule that news must be as unbiased and as factually based as possible
These are relatively small changes with enormous effects
No. Make it stop at 99,999,999.99 and anything else “generated” goes automatically back to the state, or to real, effective humanitarian causes.
You can also give them a lousy t-shirt stating that they “won at life” to make them feel extra special and exclusive.
This!
I’ve been yelling this for years now, wealth caps! Finally someone else!
And yeah, just do it with taxes. After a net worth of 10,000,000 all income in whatever form gets taxed 100%
Nobody can be worth more than that, nobody can control more than that. You want to have a billion dollar company? Well, that is a lot of small shareholders who by the way also need networth to own a home, for example.
Governments get a huge increase in funding which they can use for so many things like free healthcare for all, free education for all, maybe even universal basic income!
Governments can fund independent press funding foundations so that journalists and news organisations can do their jobs without having to be for money or use ads,for as long as they flow the rule that news must be as unbiased and as factually based as possible
These are relatively small changes with enormous effects
And deny them access to the three comma club? You monster!
Nobody can do that.
8 billion of us, couple thousand of them.
None of whom can make it stop at 99,999,999.99.