While I agree with your message on taxation, I don’t think any billionaires actually earn a billion dollars that could be taxed like that.
Our media fawns over their wealth which is assets, their business value and the like, not actual income that could be taxed. I definitely agree with a wealth tax though, but I don’t know if that operates in the same way as a progressive income tax works, as in “after x amount you owe y% and then z% after another total dollar amount.”
Wealth tax. No one needs more money. You’ve won capitalism. Now you can compete in a high score of who gives back most to society, and pretend it’s actually you that is doing the good deed.
I kinda like the general idea, but I think you’d just end up with corporate fat-cats that personally hold close the limit, and then have a couple of hundred ‘friends’ who hold the rest and live in fear of themselves and their families getting disappeared if they touch the wealth without directions from said fat-cats.
While I agree with your message on taxation, I don’t think any billionaires actually earn a billion dollars that could be taxed like that.
Our media fawns over their wealth which is assets, their business value and the like, not actual income that could be taxed. I definitely agree with a wealth tax though, but I don’t know if that operates in the same way as a progressive income tax works, as in “after x amount you owe y% and then z% after another total dollar amount.”
Wealth tax. No one needs more money. You’ve won capitalism. Now you can compete in a high score of who gives back most to society, and pretend it’s actually you that is doing the good deed.
I kinda like the general idea, but I think you’d just end up with corporate fat-cats that personally hold close the limit, and then have a couple of hundred ‘friends’ who hold the rest and live in fear of themselves and their families getting disappeared if they touch the wealth without directions from said fat-cats.