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There's no defence for billionaires existing. 100% income tax for anything over a billion, say I.
by nanna 6y ago
There's no defence for billionaires existing. 100% income tax for anything over a billion, say I.
- mcv 6y agoHow would you prevent billionaires from moving to a tax haven, though? That is the big loophole that both billionaires and large corporations benefit from, that others don't have access to.
- deleted 6y ago[deleted]
- niceairport 6y agoFor example you can calculate how many percent of their revenue a company made in a given country and then how much tax they paid there and demand them to pay the difference.
- dx034 6y agoA country as large as the US has plentiful ways to ensure tax compliance by citizens. It's small countries that are forced to remain competitive. People won't flee the US by the millions just because you raise taxes.
- EdwinLarkin 6y agoYes.The only billionaires that should exist are the party members of the communist party /s
- Strom 6y agoMost billionaires don't own their wealth in money. It's stock and real estate. Therefore are you advocating that no one person should be allowed to control a large company or own large houses?