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Let's start at $1B. I cannot think of any earthly reason a single individual needs more than $1B worth of wealth. After all, the US presidency apparently only c
by bobsomers 2y ago
Let's start at $1B. I cannot think of any earthly reason a single individual needs more than $1B worth of wealth. After all, the US presidency apparently only costs $250M to buy.
I would fully support a 100% wealth tax for everything over $1B.
Now, of course, the implementation of such a thing would be enormously complicated. There are a million places to hide your wealth, squirreling it away behind shell companies and dark LLCs which you or a designated agent are a controlling member of.
But in concept, I cannot fathom why a human being could possibly say, "You know, $1B really isn't enough for <this>."
- mewpmewp2 2y agoWhat about companies. Would companies be allowed to have more than that?
- tremon 2y agoLet's say the maximum amount allowed by a company is determined by the number of people that have a controlling share in the company. If one person controls the company, it's still $1B; if there's 8 people holding 51% of the shares it can hold $8B, etc.
- mewpmewp2 2y agoWhat if there is 1 person with 49 percent and then 1000 with 2 percent?