Billionaires shouldn’t exist. Everything after $999,999,999 should be taxed 100%. There is absolutely no reason for anyone to ever have a billion dollars. All that tax could pay for universal health care, free education, ending hunger, and homelessness. Billionaires are the problem.
Do billionaires actually have billions of dollars cash?
Everything after $999,999,999 should be taxed 100%.
This implies it’s income, although if it’s taken as assets + unrealized gains then that would be very cool. Each year, anyone with cash + assets over $999,999,999 will get a bill from the IRS for the entirety of the overage. That would put sell pressure on real estate and stocks while funding (hopefully) social programs. Sounds like a good solution.
So, no corporations and no individual wealth? Who owns a factory or a datacenter? These are fantastically expensive things. A chip foundry cannot exist under these conditions.
Telodzrum@lemmy.world 1 year ago
So only billionaires can own any type of the means of production? This is an exceptionally dumb take.
Lilith_the_serpent@lemmy.world 1 year ago
Billionaires shouldn’t exist. Everything after $999,999,999 should be taxed 100%. There is absolutely no reason for anyone to ever have a billion dollars. All that tax could pay for universal health care, free education, ending hunger, and homelessness. Billionaires are the problem.
bartolomeo@suppo.fi 1 year ago
Do billionaires actually have billions of dollars cash?
This implies it’s income, although if it’s taken as assets + unrealized gains then that would be very cool. Each year, anyone with cash + assets over $999,999,999 will get a bill from the IRS for the entirety of the overage. That would put sell pressure on real estate and stocks while funding (hopefully) social programs. Sounds like a good solution.
TengoDosVacas@lemmy.world 1 year ago
Either they are billionaires or they are not billionaires. Which is it?
If it’s all stock options, then redistribute their stock options.
Olgratin_Magmatoe@startrek.website 1 year ago
That, and a land tax
Telodzrum@lemmy.world 1 year ago
So, no corporations and no individual wealth? Who owns a factory or a datacenter? These are fantastically expensive things. A chip foundry cannot exist under these conditions.
Leg@lemmy.world 1 year ago
I don’t think you have a strong enough concept of large numbers to be able to hold a respectable opinion here.
Nalivai@lemmy.world 1 year ago
Workers own the factory. Collectively. Through democratic process of any variety.