this post was submitted on 15 Jan 2024
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Should just start by issuing a 80 percent tax in wealth that we haven't hit yet
Say, 400 billion.
That way when they can pass it and say it doesn't impact anyone. It's just there as a buffer.. And when musk or zuck hit that eventual trigger we tax the piss out of them
It won't be Musk. He's almost as unsuccessful as Trump.
Dunno. He's still number 1.
I agree with you he's an idiot, but he's still rich and making money
We (U.S.) should revisit the Alternate Minimum Tax. The whole idea was to mitigate excessive deductions for the wealthy by earablishing a more straightforward way of calculating that their tax must at least match the minimum. I believe it even worked for a few years.