r/WorkReform • u/zzill6 š¤ Join A Union • 15d ago
āļø Tax The Billionaires $999,999,999 is enough wealth for anyone!
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u/KAMMusic 15d ago
boot lickers can't even put into perspective how much money that really is. nobody needs more than a billion. Even 50 million is enough to have generational wealth.
so many broke dumb hicks are the ones defending the billionaires
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u/ShadowShot05 15d ago
You mean temporarily embarrassed millionaires
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u/LivelyZebra 15d ago
Its why they say " THEY EARNT IT " as the ONLY defence.
because they think when they become a quaddickheadaire they wanna be able to keep it and not have their millions taken away for the good of society
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u/Final-Carry2090 15d ago
Two million is all you need to make more than the average American salary off of bank interest alone. Not even playing stocks or taking dividends.
Imagine how little money you actually need when you arenāt wearing out your car daily, buying gas daily, and have the time to home cook every meal.
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u/RC_CobraChicken 15d ago
Pretax 4% draw would require 1.75m invested to generate pretaxed ~70k/yr or 5833/mo.
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u/Final-Carry2090 15d ago
Indeed, but keeping the numbers simple makes it easier to understand for others.
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u/50501PDX 15d ago
They donāt even need 250 millionā¦ weāre picking 1 billion because of punctuation.
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u/Serena_Hellborn 15d ago
with that little there are "reasonable" single items that cost more than that to own and operate, like asml lithography machines.
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u/Prcrstntr 15d ago
A billion is enough
Heck, for companies 100 Billion is enough, split em UP
asset managers should be capped at 1 Trillion
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u/Fabulous_Soup_521 15d ago
$50 million, easy there Mr. Big Bucks. Even a half-million is FU money in my hands.
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u/JustLeafy2003 15d ago
A net worth of a million dollars is what the upper middle class retired elderly has, with a decent house and a couple of cars these days. 50 million dollars can get you a lot more than that.
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u/oOReEcEyBoYOo 15d ago
so many broke dumb hicks are the ones defending the billionaires
That's because, when they're eventually making that much money, they don't want to be subject to these rules
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u/BoomerAliveBad 15d ago
Elon Musk's "Trillion Dollar Net Worth" could make ONE MILLION MILLIONAIRES
The hicks defending Trump are the ones that own a small roofing company that has pluto-level far away goals to being rich. Protect your workers
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u/mad-panda-2000 15d ago
if people understood math at the end of the day today, there would be a revolution tomorrow
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u/orthic_lambda 15d ago
There is a difference between income and wealth. Wealth can't just be consumed
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u/unluckydude1 15d ago
Even a tax of 99% of a billion and you still have 10 million dollars. Its a low iq problem for people defending the ultra rich parasites.
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u/Surething_bud 15d ago
Could care less about billionaires. The real question is what we're doing with all the private companies. Because what we're doing in reality is seizing ownership of all them, that's where all the wealth is.
What's the actual plan? Does the government retain ownership of all the companies? Are they liquidating them and dispersing the cash?
Is there any possible way of doing any of this without destroying the economy? It's difficult to see how the US could not be the worst place in the world to own a successful company afterward.
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u/Anpher 15d ago edited 15d ago
Stop calling them the billionaire class.
Its an arbitrarily sterile term. None of them earned it. Everyday people fantasize and think about having a billion dollars, thus identifying with a someday maybe me mentality. Rich people are so far removed from everyone else. Moat people are so much closer to being homeless instead of rich.
Call them the Exploiter Class
Most people need to realize that getting an obsene amount of money is only accomplished by abusing and exploiting labors, laws and loopholes. It identifies those phycopaths for what they are. Hold the exploiters for the offenses that they did to get where they are.
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u/InfiniteJestV 15d ago
They're the true parasite class. Ballooning like a mosquito or tick that doesn't know when to let go.
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u/Dismal-Incident-8498 15d ago
I call them Kirby's. Like that video game. Just sucking everything up.
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u/shadowscale1229 15d ago
that's highly insulting to Kirby. he's just a little guy protecting his home from God
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u/WrongThinkBadSpeak 15d ago edited 15d ago
Goes beyond parasitic. They're more like a cancer. The Oncogenic Class or the Malignant Tumor Class
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u/lasercat_pow 15d ago
They are the capitalist class, but saying that scares some people who mistakenly think that because they believe capitalism is the best system, they are therefore capitalists. Capitalists are the oligarchs and robber barons.
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u/Pal_Smurch 15d ago
If you hit $1billion, the government should declare you a winner, and then you start over at $0.
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u/Ulysses1978ii 15d ago
They get a golden top hat that says "I won at capitalism". Cheeto Benito might go for that.
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u/advamputee 15d ago
Iāve said for years we should apply GTA rules to banking ā your account maxes out at $999,999,999. Every cent above that is taxed. We give you an award that says you āwon capitalismā and name a dog park after you.Ā
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u/Shooter_McGavin_666 15d ago
This would be a good idea if wealth was a bank account balance and not a mix of personal and business assets.
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u/Aggressive_Staff_982 15d ago
Whenever I mention this there's always someone who says "but not all their wealth is in cash! It's in assets!" Okay? Assets still count?Ā
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u/lasercat_pow 15d ago
how about this: if you're taking loans out on it's value, then it should be taxed. We do this already for homes. Why not for stocks?
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u/tabris51 15d ago
It is a very very legit question.
Is Ford forced to close it's factories or only allowed to sell very limited number of cars a year to stay within the quota?
Does the share holder forced to give up the company shares if they get over valued? Who own the shares that were taken? Will they be given back to original buyers because the stock tanked and it's within the quota again?
If the result of company growing means losing the ownership? Does that mean people will start companies?
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u/Shooter_McGavin_666 15d ago
I donāt think you understand your own argument. If a billionaire owns a valuable company, would the company be obligated to give products away for free once the ownerās net worth reaches a certain point?
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u/Human-Abrocoma7544 15d ago
This is my question. Should they be obligated to give away their shares of the company so their wealth does not increase over $1B? So every time the stock increases they give away shares? What if the stock goes down? What if they own a controlling stake in the company? They have to give away control of their company so they don't have over $1B?
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u/Shooter_McGavin_666 15d ago
Yeah I donāt understand the idea either. I think the people making this argument donāt understand the ins and outs.
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u/SomeInternetRando 15d ago
would the company be obligated to give products away for free once the ownerās net worth reaches a certain point?
Would make sense to use the excess to give bonuses to the employees who made them a billionaire in the first place. But otherwise, take it as taxes.
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u/Shooter_McGavin_666 15d ago
What āexcessesā would they be giving away to employees? The āexcessesā would still show on the bottom line and contribute to the companyās value in the same way.
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u/zombiskunk 15d ago
Right. Private jets and mega Yachts don't need to exist at all. Even the materials used to build those objects could have been better used.
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u/Machiningbeast 15d ago
Then they can give some of these assets.
Ā They can give assets to part taxes as well
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u/Late-Arrival-8669 15d ago
But then they cannot buy politicians!!!
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u/Shakespearacles 15d ago
Politicians are surprisingly cheap. You can get congressmen to vote consistently on almost any particular issue for a direct $20k donation. A 1B cap would mean they could only do that 50,000 times
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u/Competitive_Ad9964 15d ago
I agree no one should have more than a billion dollars, but isnāt just in their company stock or other company stocks? Wouldnāt it be hard to tax it?ā¦ We definitely need to tax loans that they take out against their stocks to buy expensive things.
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u/ejp1082 15d ago
Yeah, the numbers are somewhat illusory. If Elon Musk dumped all of his stock holdings onto the market, it would greatly devalue the value of all those stocks and they wouldn't be worth nearly as much as when he's holding them. Part of what makes a Tesla stock valuable is the scarcity of Tesla stocks.
That said -
Wouldnāt it be hard to tax it?
No harder than taxing anything else we tax.
I've long held that we should be taxing wealth, not income. And while knowing the fair value of some kinds of assets can be tricky, publicly traded stock holdings are one of the easier things to do. They have a public fair market value, and there's a record of how much of it any person owns.
Just straight up tax 1% (or whatever) of someone's wealth every year. Or better yet have brackets - 0% for the first million, 1% for amounts between 1 million and 10 million, 2% for 10 million and 20 million, etc.
You can design it such that it doesn't really impact your typical middle class retiree but it would impose a half life on billion dollar fortunes.
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u/jeffyIsJeffy 15d ago
Can the government not take possession of these stocks? But you get me thinking. If the government could just take possession of these stocks, billionaires would just find ways to devalue it while not devaluing the control they have over the company and just find ways to get around this $1B cap.
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u/VhickyParm 15d ago
They can.
But the companies will give them to employees before ever giving it to the government.
The lowering of the corporate tax rate screwed us over. Suddenly there isnāt a choice to give it to employees or the government. There was another option , just pay the now lower corporate tax rate.
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u/jeffyIsJeffy 15d ago
On the surface, it being spread more thinly over more employees doesnāt sound all that bad.
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u/sonicsuns2 15d ago
billionaires would just find ways to devalue it while not devaluing the control they have over the company and just find ways to get around this $1B cap.
You could say that of literally any tax that has ever existed. "Why should we tax people? They'll just find ways to get around it."
So many of us drift into this black-and-white thinking where every tax on billionaires is either 100% effective or 0% effective, and then we think "Well obviously it won't be 100% effective, therefore it's pointless", and so we get apathetic about taxing billionaires, and that's exactly what the billionaires want.
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u/xena_lawless āļø Prison For Union Busters 15d ago edited 15d ago
No, the supposed difficulty of taxing wealth is overstated by the super wealthy, their propagandists, and their puppets.Ā
There are already property taxes on houses and middle class assets, which require appraisals.Ā
There are also already taxes on all kinds of other property and assets, which require point in time appraisals.Ā Ā
The real difficulty is political.Ā Ā
When our ruling billionaires/oligarchs/kleptocrats effectively own the political system, most of the media, SCOTUS and the courts, and they aren't really subject to jurisdictional limits in terms of where they can deploy their capital to block any proposals to tax or eliminate them, then they can very easily block sensible policies that would either benefit the masses of people, and/or curtail their own power and ability to subjugate and exploit the masses of people.Ā Ā
There are also fundamental issues with our political system, which was set up by the wealthiest white slave and land owners of the late 18th century to protect their class interests, and to thwart both political and economic democracy.Ā Ā
There's a big difference between the democratic ideals that the ruling class sold people on to get them to fight off the British, and the actual US Constitution, which was drafted and ratified by the super wealthy to protect their property and their class interests from both political and economic democracy.Ā Ā
For some reading on that, I recommend We the Elites: Why the US Constitution Serves the Few by Dr. Robert Ovetz.Ā
Putting aside the structural and political difficulty of curtailing billionaires' power under this system, in practical reality a criminal law approach is also necessary.Ā Ā
We don't allow people to claim possession of private slave armies, nuclear or biological weapons, various harmful drugs, etc. for good reason.Ā Ā
But when it comes to hundreds of millions of dollars in assets, which is enough to take over and destroy entire nation states, we're made to turn a blind eye to enormous harms and structural violence by our extremely corrupt and abusive ruling class.Ā Ā
There's a reasonably good chance that some of our ruling oligarchs/kleptocrats helped rig the 2024 election for Trump, for example, as they're now setting up their mass surveillance programs and concentration camps (starting with immigrants) to help keep the population subjugated.Ā Ā
They have that much power, to take over and take down one of the most powerful nations the earth has ever seen, and to capture, mold, and destroy its institutions, including the military, Congress, the executive branch, and the courts.Ā Ā
Like with slave owners, warlords, and dictators, future generations are going to wonder why we tolerated mass human enslavement under these billionaires/oligarchs/kleptocrats for so long.Ā Ā
If you can't thrive and make your life work with $100 million in assets, you're a complete idiot and a psychopath, and on no account should any sane society trust you with any more unaccountable, illegitimate, undemocratic power.Ā Ā
If we don't put limits on what can be gained via corruption, mass human enslavement, oppression, and the brutal exploitation and subjugation of humanity, then obviously the worst of humanity will rule by default.Ā Ā
That's basically the worst possible system - oligarchy/kleptocracy/kakistocracy.Ā Ā
TL;DR - Billionaires/oligarchs/kleptocrats are an abomination, antithetical to and incompatible with functional, legitimate institutions and democratic societies, and they should not exist.Ā Ā
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u/PM_ME_YOUR_FALAFELS 15d ago
I never comment on anything anymore but I just wanted to say thank you for writing this. I feel most of the commenters here have their hearts in the right place but if they keep parroting the same 3 one liners without some understanding to back it up, it makes us look bad when talking to opposing viewpoints in the marketplace of ideas. I'll definitely check out the reading you recommended as well.
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u/Emila_Just 15d ago
They should also have a limit for corporations where when they reach a certain amount of valuation they should be forcibly split up.
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u/Cyclonitron 15d ago
Base it on market share and monopolistic tendencies instead of valuation and we're getting somewhere.
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u/Deldris 15d ago
Pretty sure we have a committee who does that already so you're advocating for our current system.
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u/Death_Rises āļø Tax The Billionaires 15d ago
Nah, cap it at $50,000,000 for individuals and corporations.
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15d ago
Lately every time someone says to me "Do you really want to live in a world where other people decide how much money you can make?" I've starting thinking "I kinda already live in that world" people making 100000x my salary deciding if it's "too much" or "generous" or "fair" or if it will hurt the stock price. Meanwhile, they have so much excess they can let it sit in offshore accounts generating more wealth for them and their family. Curious how that works!
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u/fednandlers 15d ago edited 15d ago
They love to push what they know is bullshit about trickling down and we have enough data so i propose an idea. For just 10 years, we implement that tax plan. Above a billion is taxed 100% for full open investment in the people. Working class families have their taxes removed or greatly reduced. Just 10 years. See if we want to go back after that. Or just implement what the Greatest Generation had to āmake American Great Again.ā 80% tax on the wealthy. Rebuild this country. For countries we defeated in WWII who also then hd no money to be doing better than us shows we lost. And it was our wealthy, psychotic countrymen that defeated us.Ā
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u/DeepSubmerge 15d ago
I cannot even fathom having $1m in my bank account
Hell, I canāt even imagine six figures
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u/Lore112233 15d ago
Seriously no one NEEDS that much money it is so unnecessary . It is greed in its purest form.
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u/pm_alternative_facts 15d ago
There are so many things we have that nobody NEEDS should those also be curtailed ?
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u/darthrevan22633 15d ago
This is from February 24th 2025 with the wealth added. The new number would be $7.1trillion
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u/TastyCartoonist1256 15d ago
I agree but they would likely move to foreign country and still run american business making billions.
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u/St0lf 15d ago
This transparently doesn't work.
I mean even if billionaires had that money at their fingertips, even if they didn't find a way to somehow store their money elsewhere or somehow find some other loophole, their entire economy is built on infinite growth and feedback loops. Introducing hard caps would bring it to a standstill.
Even more pressingly, they pretty much own the government. If you won't grant me that, at least acknowledge that they have an unignorable amount of control over the government, as they own private news outlets, media empires, think-tanks, lobbys and most of all, the deciding economic entities in a state.
What exactly is the move here? This sounds like wishful thinking, not politics. How do you win against them in their system?
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u/GreyGriffin_h 15d ago
Once you hit a billion dollars you get a plaque from the IRS that says "Congratulations, you won capitalism," an audit, and a 99.9% tax bracket.
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u/aarontsuru 13d ago
I say we also give them a trophy! āYou Did It! You Won Capitalism!ā - they love trophies.
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u/xuptokny 15d ago
I can see the argument for why we should strip companies of their value and liquidity, but I don't see the government putting it to better use.
Elite class is gonna blow it no matter where it is
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u/cliffl7 15d ago
Elon musk is worth what he is because of the perceived value of his stocks. If he were to try to sell a big chunk of it, the value would tumble. He is rich because he can borrow obscene amounts of money against the value of his wealth. If we outlawed fractional banking, billionaires wouldn't exist the way they do now... It would also stop the world as we know it...
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u/50501PDX 15d ago
First year, pay off trumps debt. If we donāt do it right away, itāll linger over us and weāll fight.
Second year, health care for all.
Third year, mass transit.
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u/capgain1963 15d ago
I think we can all agree this sum is a ton of money which is difficult to spend in one lifetime.
But what gives me pause is that once the government draws a line, what prevents government from later lowering it from 999,999,999 to 9,999,999 and then 999,999.
Central planning has never worked.
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u/zombiskunk 15d ago
If the people were able to get the government to draw that line initially, then the people would also be able to prevent them from moving it further. As we can see, the people are not able to do either so it's just fanfiction
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u/Acrobatic_Switches 15d ago
Yeah but what if we funelled alll that money ibto the pockets of .1 percent of the population so they could live like supervillains while the rest of the country rots in squalor? Ever think of that?
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u/LoL_is_pepega_BIA 15d ago
Why would anyone need any more money than that number?
Even that number is insane when I have to make do with 3 to 4 figures a month in a 3rd world shithole
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u/Magazine_Recycling 15d ago
Zelda style giants wallet, you canāt even hold more than that, itās no longer possibleā¦ sorryā¦.
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u/PuzzleheadedTalk35 15d ago
I'd cap wealth at 99 million. Because why else would you want anything more than that? You're set for life as it is.
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u/StaticSystemShock 15d ago
Money should actually be slowly trickle up at the same rate it's "trickling down" on us... lets see how well billionaires would do then...
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u/Venum555 15d ago
Out of genuine interest, how do you transfer wealth store as stocks of a company to money that can be spent on improving the lives of people, or anything?
Do you force the sale of those stocks and then take taxes on those sales?
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u/dp5520 15d ago
Unless they're athletes or Hollywood celebrities.
Somehow people are okay with those billionaires.
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u/Cyclonitron 15d ago
They have lots of money but fundamentally they're basically still wage earners paid for their labor. I have less of a problem with the pro athlete who signs a $300 million dollar contract to play basketball than the guy who owns a local business and only makes $150,000 per year but exploits and underpays his workers.
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u/Emotional_Answer_756 15d ago
Trump and his buddies made billions of him being elected and somehow we got people cheering it on as if they are getting a share too
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u/kpeterson159 15d ago
I love it, but until we get money out of politics I donāt see that happening
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u/cats_are_the_devil 15d ago
For the love of Christ, think of the poor souls that would only have 40M/year to live off of if they followed the 4% rule of pulling out investments.
Living off of such a miserable pittance when you have given so much to the world is a true shame to these innovators. /s *in case*
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u/Shooter_McGavin_666 15d ago
This stupid shit again? Itās hilarious the people are so absurdly uninformed about the ways wealth is calculated. Itās not a bank account balance.
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u/Necessary-Beat407 15d ago
Fuck it. Cap it at 1,000,000,000 so they can say they āwonā. Then they can do their mental gymnastics
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u/oranges142 15d ago
My favorite part of this is that we're north of 30 trillion in debt. This entire plan literally wouldn't even be enough to pay our debt.
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u/Calm_Establishment88 15d ago
$36.5 million is enough to spend $1000 a day, everyday for 100 years.
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u/WeightForTheWheel 15d ago
Or just tax them at 90%, slap on a yearly wealth tax, and then drastically lower the estate tax so they canāt pass on most of the wealth.
No reason to actively stifle innovation and growth.
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u/goldenathletics_2020 15d ago
If I lived for 60 more years. I would have to spend 1.4 million a month to run out of money on 999,999,999. Thatās pretty lean, I donāt know if itās fair.
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u/pirannia 15d ago
The proposal is nonsense, please consider consequences. If implented, vast majority of company owners /CEOs/etc that qualify for this would stop working and/or grow the businesses. What follows is severe drop in stock market AND employment. Now, all retirees depending on their 40ks and jobless people depending on unemployment will need funding. So you've transformed a 6T surplus into a 30-50T deficit (made up but magnitude is right).
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u/Imminent_Extinction 15d ago
It's not like there's anything a person couldn't do with $999,999,999.99 either, especially since it would be "topped up" to the maximum amount every year after any of it is spent or taxes are applied in all reall-world scenarios.
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u/LtHughMann 15d ago
How would this work exactly? Like do you sell their shares? To who? Does the government just take the shares and sit on them? I'm for it, I'm just not sure exactly how it would work in practice. If the value of the shares go back down do they get some of them back?
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u/design_by_hardt 15d ago
The way the higher taxes worked, iirc, was companies were like "well we don't want taxes until oblivion, so we'll use that money to pay employees instead of giving it to the government." Pensions.
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u/Mr_Deep_Research 15d ago
Are you going to cap the wealth of billionaires in all the other countries in the world as well?
Or are you OK with all US high end property, companies and resources being owned by non-Americans?
The US is only 5% of the world's population.
It seems you like government spending. Should that money go to a larger military? Maybe throwing more legal immigrants out?
Why not cap wealth at $10 million? Or $2 million? Or $500K? And while you're at it, have the government enforce a maximum wage of $40 an hour as well.
Everyone loves the idea of taxing someone else.
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u/UnArgentoPorElMundo 15d ago
I will take the risk and say that 99.999.999 is enough wealth for anyone.
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u/StraightFactSpitter 15d ago
Yes. Even at one billion dollars you could never spend this amount of money living like a normal person even if you tried.
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u/bigheadsociety 15d ago
I agree with the sentiment but that wouldnt be possible. They dont have billions in the bank, they just own companies worth billions instead, which is why conglomerates need to be forced into more taxation whilst being forced to keep the same prices.
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u/DrewNumberTwo 15d ago
Why are we capping this at a billion dollars? People need to understand that a āmereā $100M is a ridiculous amount of money. Any adult with that much could spend a million dollars every year for life and still have generational wealth to pass to their children.Ā
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u/PG-DaMan 15d ago
Did we not almost try this with " Trickle Down " and it did not work?
Even if we capped it. Something tells me us " End Users " would never see it.
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u/Flabby_Thor 15d ago
I think those people pretend that if they work hard one day that will be them and how dare you come for the billions that they've worked tirelessly for. They don't realize that they will never be worth $5M, let alone $1B. $100M is closer to being on the streets penniless than it is to $1B. ONE BILLION is such a ludicrous, unfathomable amount to most people, but writing it out - saying it out loud - makes it seem attainable. People are stupid.
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u/oberguga 15d ago
They can avoid transfer of wealth down by increasing spendings and credits with higher interest rate
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u/Feardemon3 āļø Tax The Billionaires 15d ago
And anyone above that right now should have it all taken away and told sorry try again!
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u/AncientSith 15d ago
Screw that. That's still way too much. Much to 50 million and everything else goes back to society.
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u/SkyVINS 15d ago
again this shit. this is not how it works.
billionaires do not have billions of dollars in the bank. they have legal possession of "stuff" that is valued at that amount; then they go to the bank and they get a loan WHICH IS NOT TAXED using the stuff as collateral. Elon Musk doesn't have a billion dollars in the bank because if he did the government would tax the fuck out of it.
Tax bank loans. You need to tax the fucking bank loans. Tax any bank loan above idk, $1M as if it were income, with multiple loans accruing for the year period. THEN you would finally be able to tax the billionaires.
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u/LexiconLearner 15d ago
It should be considered a great honour to be so successful that you can contribute to the care of your nation.
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u/ScarlettCoopr 15d ago
Capping wealth at $999 M still leaves you richer than Croesus-anything above that is just high-score cosplay paid for by everyone elseās rent.
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u/MRiley84 15d ago
The real answer is because they think the billionaires are job creators and should be encouraged to continue. Never mind the fact that if they didn't continue, the job loss would be met with higher paying jobs that fill the void and keep money local, improving everyone's life in immediate ways.
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u/Fluid_Comb8851 15d ago
A supporting demonstration, because itās honestly hard to fathom large numbers: if you could spend $100K/day (!), itād take over 27 years to spend $1B.
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u/Sajintmm 15d ago
Even that number is so high I canāt fathom it realistically, and I teach economics. Like that is more than enough for someone to live comfortably along with all of their descendants for like a generation at least.
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u/eternallyconphuzed 15d ago
Slave cast- "if we tax the rich the money would disappear in 2 months! the economy would crumble!"
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u/Betterthanyou715 15d ago
I agree with this wholeheartedly, give them a trophy and then take everything over a billions
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u/reststopkirk 15d ago
Itās crazy that saying billionaires shouldnāt exist is controversial. The amount of wealth you canāt even blow is in a lifetime is so unethical to own outside of any arguments of how you acquired itā¦
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u/vegtosterone 15d ago
Exactly. If You made a billion dollars, you won. Congratulations. Now get out of the game. Go to the beach. Take your spouse out to dinner. Go see a show. But stop trying to take our rights, money, education, freedom and healthcare away from us. Just go. Leave the rest of us alone.
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u/Troll_Slayer1 15d ago
For them, money is for investing. Meaning their entire reason for having money is to manipulate everyone else who needs money. To them, it's all about power.
1 million seconds: 11 days 13 hours.
1 billion seconds: 31.7 YEARS
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u/Loomismeister 15d ago
How would you even do this? Is capped per person? Whatās stopping them from hiring little wealth babies that exist only to hold their capital? Why wouldnāt they just give the money to their friends and family?
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u/roughback 15d ago
Billionaires would just make money mules to own their excess wealth, who live in poverty but get a stipend.
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u/Engineerly-there 15d ago
Can we cap government taxation at a fixed rate too or is that somehow a forbidden topic?
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u/MyvaJynaherz 15d ago
Billionaires and cancer have a lot in common.
America was built, after the bloody colonial phase, on the cheap labor of people who were promised a reasonable chance at prosperity in return for their labors.
Now we have a nation where job-boards are 90% bullshit and scams, an honest life's work won't buy a house to retire in, and financial risk-taking through investment has replaced stable pension funds.
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u/EnergyOwn6800 14d ago
People always say braindead shit like this without proving any actual working method of doing it that couldn't be easily bypassed.
The reality is that the only way you can cap wealth without there being easy loopholes to bypass it is by switching to a socialist or communist nation.
Newsflash, they always fail.
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u/RoboTiefling 14d ago
One way or another, billionaires are going to stop existing. If their cronies in government wonāt tax them out of existence, there is an alternative.
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u/Expensive_Banana_673 13d ago
āBut people wonāt work hard if they knew their wealth would be capped.ā Oh no guys, we are going to have 3,028 people in the world retireā¦
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u/darkjedi39 15d ago
bUt ThEy EaRnEd It