I worked for a trust fund kid. It started off great until I realized he had no understanding of how money worked. Despite him saying / thinking he cared about the bottom line and the well being of the company, he really only cared about his ego and if his (rich) family thought he was successful.

Other trust fund kids

Maybe some based rocket engineer can switch out some metrics with some imperial next Bezo space flight.

Ideally, tax money would be spent by the government in a way that benefits workers.

The workers should control the means of production. Imagine if every worker owned a stake in the company they worked for and got to vote on corporate decisions...

Exactly. The higher taxes should all go to healthcare, education and housing for working class people. And the leftovers should simply become dividends to provide additional support to the neediest. Oh and if people have issues with ‘welfare checks make people lazy’ or some other BS that’s repeatedly been proven to be nothing more than racist neoliberal propaganda then use the rest to fund something like the green new deal and all the jobs that will create. Or incubators for worker co-ops which are not only more fair and democratic in terms of allocation of wealth but make this kind of exploitative elite profiteering impossible.

Maybe things would change if the billionaires were convinced it’s bad for themselves.

There goes my hero, watch him as he goes.

It's quite annoying that it is so plain to see how wealthy these people are, yet they're able to make themselves dirt poor on paper.

If only there was a way to force them to liquidate, rather than living on loans perpetually backed by their stock assets.

pay for everything with loans while most of their holdings remain untaxable.

Those loans are drying up...

But just because that exists doesn't mean we can't stop it.

Just write a law that cumulative loans over $x get charged a tax due when the loan is made. Have the bank treat it like "sales tax" and process it themselves before making the payment.

"Raise taxes" clearly also includes things like ending the 15% long term capital gains rate so they have to pay real income tax like the rest of us and fixing other things like that

It just means make them pay more by unspecified means

Absolutely correct, increase their taxes, close the legal loopholes.

Look no further than Hollywood studios for a primer in creative accounting, they’ve kept tens millions for themselves over decades.

Most of the words you just wrote are insurmountable to the average voter. But no. The Very Rich People don't want the population to decrease. They can dogwhistle to conservative voters about "demographic group x" and how they want them gone, but the ruling class needs infinite growth, and you can't have infinite growth (realistically at all) without a growing population.

What's funny to me is that many years ago Musk was viewed by a lot of the internet as this great engineering golden boy. Once cemented in the untouchable ranks of the gilded elite he opened his mouth more publically and fell flat on his face.

Would have to be global though to not take their wealth out of the country.