4 ms·

This would destroy every retirement investment vehicle for the middle class more than it would affect the 1%

• BrenBarn 7mo ago
  That can be mitigated by setting high thresholds on the whole process (e.g., the tax doesn't apply if your total net worth is under $10 million).
  • squeaky-clean 6mo ago
    Now no one has a billion dollars but they have 100 companies they control each worth 10 million. These lawsuits have to be designed with the idea that the people with the most resources will try to exploit them, and the people with the least resources will be unable to.
    • BrenBarn 6mo ago
      I said tax it on the total net worth. Splitting your wealth among different companies shouldn't affect anything. > These lawsuits have to be designed with the idea that the people with the most resources will try to exploit them, and the people with the least resources will be unable to. Agreed! That is why the goal needs to be to just directly and explicitly reduce the wealth of those with the most.