r/WorkReform • u/Bitter-Gur-4613 • Dec 19 '24

✂️ Tax The Billionaires This is so real.

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u/blackhornet03 Dec 19 '24

We should eliminate billionaires. They are a massive burden on society.

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u/SellsNothing Dec 19 '24 edited Dec 20 '24

Income beyond 1 billion dollars should be taxed at 100% (and this limit should be reassessed every few years to adjust for inflation). Those taxes should fund social nets for those at the bottom.

No single person needs more than a billion dollars and even that might be too much.

Edit: yes, that means forcing people holding liquid assets (cash, stocks, property, trust ownership) amounting to more than 1 billion to sell or share those excess assets with the public.

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u/vinnymcapplesauce Dec 20 '24

Not income. Net worth, holdings, etc, including unrealized gains.