With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.

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[–] 4 points 11 months ago

Nailed it.

What we need is a securities tax: a tax on every stock, bond, and other financial instruments in their portfolio. No need to liquidate it; the shares are simply transferred to the IRS annually. They'll liquidate those shares slowly over time.

Natural persons are exempted on the first $10 million of their portfolio. No exemptions for artificial persons.

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