A full audit every year, and then you simply tax any wealth over the 500M mark. It’s that easy.
If, hypothetically, those audits ended up costing more than the additional tax revenue they yield, resulting in overall tax revenue decreasing, would you still want to do it?
That’s one hell of a hypothetical. Especially since on average every single dollar that any government puts into tax recovery yeilds an average of a $6 return on the lowest end, and when aimed against the rich frequently returns hundreds of dollars in profit.
I’m actually betting that a full audit of everyone who even claims to be worth more than, say, 100 million, would send most of these fucks to jail for financial crimes. Which is worth it on its own.
If, hypothetically, those audits ended up costing more than the additional tax revenue they yield, resulting in overall tax revenue decreasing, would you still want to do it?
That’s one hell of a hypothetical. Especially since on average every single dollar that any government puts into tax recovery yeilds an average of a $6 return on the lowest end, and when aimed against the rich frequently returns hundreds of dollars in profit.
I’m actually betting that a full audit of everyone who even claims to be worth more than, say, 100 million, would send most of these fucks to jail for financial crimes. Which is worth it on its own.