Could the United States Follow This Lead?
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this post was submitted on 20 Oct 2025
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No chance anything that actually attacks inequality ever gets implemented through existing legislative channels.
I completely agree with the concept of taxing income above a certain limit entirely. I think that only solves a portion of the problem, with the majority of the problem being solved by well implemented wealth taxes. Every dollar of wealth over something like 50 million USD should be taxed at 100%. No one should ever become a hundred millionaire again, let alone a billionaire.
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I mean I'm still thinking of you have more money than you and all your currently alive descendants could possibly spend in their lives, you shouldn't be able to receive any money for anything at all.
And once you cap out how much you are able to spend personally, anything you get at that point should already be at least halved, if not stricter.
No idea about specific numbers, but I like this as a starter.
There shouldn't be any billionaires at ALL. And very few multi millionaires. And by "multi", I mean I'm the double digit millions. That should be the extreme high end. Nobody needs that much, even with today's prices.
They will just circumvent those. What we need is to stop celebrating the anti-social accumulation of too much wealth and work to revert that.