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I agree with you that billionaires reflect an obscene system. What is a fair, and loophole-free way to avoid them? Asset taxes? Do you just tax every dollar ov
by Hnrobert42 3y ago
I agree with you that billionaires reflect an obscene system. What is a fair, and loophole-free way to avoid them?
Asset taxes? Do you just tax every dollar over $1B at 100%? What if they own shares in a company that grows beyond $1B? Do they have to sell the shares? What if they then lose control of the company as a result? Maybe that is good. IDK.
Also, is it $1B per person. Could the person get married to let them grow to $2B?
If the rest of the world doesn’t follow suit, then what happens? Do all the billionaires just buy citizenship in Estonia or something?
Again, I am not opposed to the idea. I just think it needs a lot of work. Otherwise, these rants seem like a distraction. If it is never going to happen, maybe we are better off focused on trying to achieve UBI than Universal Asset Equality or whatever.