Nobody earns “wages” of 1M/yr. When you get to that point, you’re paid in shares.
What we need is a securities tax, on all registered securities (stocks, bonds, financial instruments). That tax must be paid in shares of the security, not cash. An IRS liquidator will sell off those shares over time, such that the liquidated shares are never more than 1% of total traded volume.
Natural persons may exempt up to $10 million of their portfolio from this tax, making capital more valuable to the working class than the Problem Class.
Also wages above $1M/yr. If they need more, then they can ask for tips.
750k a year, even 250k, maybe down to 200k
Nobody earns “wages” of 1M/yr. When you get to that point, you’re paid in shares.
What we need is a securities tax, on all registered securities (stocks, bonds, financial instruments). That tax must be paid in shares of the security, not cash. An IRS liquidator will sell off those shares over time, such that the liquidated shares are never more than 1% of total traded volume.
Natural persons may exempt up to $10 million of their portfolio from this tax, making capital more valuable to the working class than the Problem Class.