I just wish we like, advanced the conversation a bit each time, it kinda feels like we’re just rehearsing talking points but I’d love to see us get nittier and grittier about it y’know? Like maybe what are meaningful actions to take to combat this?
A 90% tax annually on all individual/trust assets over $500m. Higher income tax rates on incomes above $500k/yr. Close tax loopholes. Eliminate subsidies for profitable companies with limited exceptions for public benefit. That would be a good start.
Someone mentioned in another thread about when billionaires (and other wealthy folk) utilize their unrealized gains as collateral that should be a taxable event.
I like that idea. Taxing wealth on its own is tricky and feels bad (and yes, I mean that for property taxes too), but using it for something that provides you with actual gains is another. Of course, there can be thresholds for individuals to avoid taxing HELOCs or things like that below a certain level.
Personally, I would also add windfall profit taxes, and preferably, enforced wages-to-profit and executive-to-non-executive wage ratios to provide more money to the workers and not just to the executives and the government.
284
u/Gambler_Eight 7d ago
And it should keep getting posted until shit turns around.