Okay fine, I high-balled it. The same point stands, just lower it to a number you find more reasonable. $100M? $10M? I agree that it’s an unnecessary amount of money, but it’s far more manageable than the uncapped free-for-all that it is today.
Set it too low though and you’ll start to lose support, so make it high enough that even the highest echelons of the upper-middle class know it won’t ever effect them. The point is to target the owner-caste.
Oh, but a one-time wealth tax of anything over one’s first $billion followed by a net gains cap in the 8 or 9 digits is absolutely reasonable.
A lot of those are just millionaires or ten millionaires… or hundred thousandaires… I think the way to do this is to build/implement a new model of business and housing ownership, where it is democratically co-owned, co-run, co-managed… instead of everything being owned by capitalist proprietors/workplace dicatators/real estate investors
Ownership itself has to be democratized not just try to funnel money back down
way too much
this highlights EXACTLY one of the problems with “billionaires” discourse, in fact
Okay fine, I high-balled it. The same point stands, just lower it to a number you find more reasonable. $100M? $10M? I agree that it’s an unnecessary amount of money, but it’s far more manageable than the uncapped free-for-all that it is today.
Set it too low though and you’ll start to lose support, so make it high enough that even the highest echelons of the upper-middle class know it won’t ever effect them. The point is to target the owner-caste.
Oh, but a one-time wealth tax of anything over one’s first $billion followed by a net gains cap in the 8 or 9 digits is absolutely reasonable.
A lot of those are just millionaires or ten millionaires… or hundred thousandaires… I think the way to do this is to build/implement a new model of business and housing ownership, where it is democratically co-owned, co-run, co-managed… instead of everything being owned by capitalist proprietors/workplace dicatators/real estate investors
Ownership itself has to be democratized not just try to funnel money back down