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.
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.