to be clear - i agree something needs to be done but nobody can define specifically what to do. how do you define it? what exactly are you taxing? how are you taxing it?
my argument, is that its a hard problem. bernie sanders is the only person i see coming up with ideas.
i can’t. its easy to say “billionaires must be stopped” but how? specifically, exactly what.
to give an example. what is wealth hoarding? how do you define it so it doesnt cover savings accout or retirement?
If your retirement account has $100,000,000 in it, it needs to be taxed. Tax capital gains income like regular income and put some progressively higher tax brackets back, a progressive wealth tax, progressive taxes for homes worth more than a certain amount, and higher rates for second, third, etc homes, and hell, maybe even tax unrealized gains over a certain amount.
Wealth hoarding and exploitation
to be clear - i agree something needs to be done but nobody can define specifically what to do. how do you define it? what exactly are you taxing? how are you taxing it?
my argument, is that its a hard problem. bernie sanders is the only person i see coming up with ideas.
i can’t. its easy to say “billionaires must be stopped” but how? specifically, exactly what.
to give an example. what is wealth hoarding? how do you define it so it doesnt cover savings accout or retirement?
If your retirement account has $100,000,000 in it, it needs to be taxed. Tax capital gains income like regular income and put some progressively higher tax brackets back, a progressive wealth tax, progressive taxes for homes worth more than a certain amount, and higher rates for second, third, etc homes, and hell, maybe even tax unrealized gains over a certain amount.
Private property. That’s literally the definition. Abolish private property. Problem solved