They’re still financially obese parasites whose wealth should be taxed until it doesn’t exceed a reasonable amount (say, ten times the median or 25 times the lowest, whichever comes first), though.
OK, so tax anyone with more wealth than that (exponentially proportionally to the difference) and invest in services and UBI and whatnot until it raises.
the lowest will always be zero, do not doubt the capacity of individuals to become statistical outliers and spend all their money. It might be a little bit reasonable if it was set to 100x-10000x the wealth of the 99.99th percentile
That’s not how net worth works. Being a billionaire != having billion $ in a bank account.
They’re still financially obese parasites whose wealth should be taxed until it doesn’t exceed a reasonable amount (say, ten times the median or 25 times the lowest, whichever comes first), though.
the lowest is zero, or very close to it.
OK, so tax anyone with more wealth than that (exponentially proportionally to the difference) and invest in services and UBI and whatnot until it raises.
the lowest will always be zero, do not doubt the capacity of individuals to become statistical outliers and spend all their money. It might be a little bit reasonable if it was set to 100x-10000x the wealth of the 99.99th percentile
Yeah, most of it is all smoke and mirrors but they all own media companies which make it seem more than it actually is.
It doesn’t state that it’s in one person’s bank account.