Combination of 95% personal tax rate over x amount, say 10 million, and if any company is deemed important enough to be necessary to run the country/society (airlines, power companies, telecom, banks, grocery, apparently AI garbage), should those companies require gov’t subsidies or bailouts they immediately become nationalised. No bailouts for private companies.
Well yeah, it should be something. I’m no economist, why are you acting like it’s on me to figure out? I’ll leave the how up to people much smarter than me. The fact is the system as it is is incredibly predatory on the majority, and billionaires are absolutely a big part of why. They need to be eliminated, I don’t really care how.
The real question is how.
Does any business that becomes successful just immediately turn itself over to the government to be sold off to small investors?
Because the top billionaires today all have almost all their value in single companies that they either started directly or built up themselves.
Combination of 95% personal tax rate over x amount, say 10 million, and if any company is deemed important enough to be necessary to run the country/society (airlines, power companies, telecom, banks, grocery, apparently AI garbage), should those companies require gov’t subsidies or bailouts they immediately become nationalised. No bailouts for private companies.
So elon is completely untouched because none of his companies are vital and he has no “income” because it’s all capital appreciation?
Jeff bezos also untouched…
This is the kind of stupid knee jerk thinking that makes all of this discussion irrelevant.
You don’t even know how to reach the goal you want, you just feel like it should be something.
Well yeah, it should be something. I’m no economist, why are you acting like it’s on me to figure out? I’ll leave the how up to people much smarter than me. The fact is the system as it is is incredibly predatory on the majority, and billionaires are absolutely a big part of why. They need to be eliminated, I don’t really care how.
I am in fact educated in economics, and smarter people than you disagree on taxing billionaires like that.
That’s what you aren’t getting.