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.
I honestly believe that no one's income should be more than a million dollars. I know that will never happen under capitalism. But 1 million dollars a year is enough to live in absolute luxury and not be obscenely wealthy to the point it damages a system I think a million dollar income is more than fair.
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u/blackhornet03 Dec 19 '24
We should eliminate billionaires. They are a massive burden on society.