Comment on Larry Ellison Just Quietly Became the Most Powerful Man in America
phoenixz@lemmy.ca 4 days ago
Can we please prohibit billionaires now?
When your net worth reaches, say 10-20 million, your income taxes should go to 100%. That’s it, no more money for you until you get “poorer”
Aeao@lemmy.world 4 days ago
I prefer a prestige mode. Once you hit one billion you get all your money and assets stripped away and you start from square one again. But you get a cool star by your name for every time you reset and start again.
It’s mandatory.
So your choices are start donating a lot of money when you’re at 900 million or to hold it of or enjoy the cool star by your name and lift yourself up by you’re bootstraps once more.
P1k1e@lemmy.world 3 days ago
Oh man what if Instead i get like a cool skin for my social security card
phoenixz@lemmy.ca 3 days ago
Whatever works, but not a billion, that is already way way too much.
In a society with proper taxing like this, nobody can spend a billion dollars, not even 100 million. Cap it at 10 or 20 million tops
Aeao@lemmy.world 2 days ago
We’d have to adjust it with inflation. Don’t get me wrong I’d love to have 10 million but it doesn’t go as far as it used to. I could see capping it at 100 mil tho
phoenixz@lemmy.ca 1 day ago
Of course the idea is extremely oversimplified, and yes, you’d need to adjust for inflation
And no, 100 million is way too much. Everyone can already today live quite comfortably with a net worth of 10 million. In a world where there is no such thing as student debt, medical debt, etc, one would need way way less to be comfortable.