Billionaires are undermining democracy, which already is a huge problem and against the values of a country that wants to be democratic.
Yes most billionaires end up wackos, which makes it even worse that they have so much power.
IMO you can add an extra zero to the decimal places to make it 300 million. 1 billion is IMO already to much.
But I wouldn’t make it a hard limit, just incrementally bigger tax percentage the higher you get.
I wouldn’t make it a hard limit, just incrementally bigger tax percentage the higher you get
That’s a fun idea. Like yeah it’s possible for you to become the first trillionaire, but you’ll be getting taxed at 99.999%. It almost encourages innovation, in a way, because now billionaires have to figure out how to keep all that money despite incredible taxation. Only the people with truly novel, math-bending ways of generating value would be able to be that wealthy (or perhaps more likely, just people exploiting loopholes I haven’t thought of…)
Billionaires are undermining democracy, which already is a huge problem and against the values of a country that wants to be democratic.
Yes most billionaires end up wackos, which makes it even worse that they have so much power.
IMO you can add an extra zero to the decimal places to make it 300 million. 1 billion is IMO already to much.
But I wouldn’t make it a hard limit, just incrementally bigger tax percentage the higher you get.
That’s a fun idea. Like yeah it’s possible for you to become the first trillionaire, but you’ll be getting taxed at 99.999%. It almost encourages innovation, in a way, because now billionaires have to figure out how to keep all that money despite incredible taxation. Only the people with truly novel, math-bending ways of generating value would be able to be that wealthy (or perhaps more likely, just people exploiting loopholes I haven’t thought of…)
Sounds good to me.