Bring back Eisenhower tax brackets until the debt is gone, a surplus built up for a sovereign wealth investment fund, and national healthcare instituted. "Oh but the rich will leave" GOOD.
Make taxation fun- A paid subscription game show for billionaires- "Wheel of Tax Rates".
Once a year, billionaire's spin a big wheel with various percentages on it. Maybe even a "Bankrupt". Proceeds from the public's subscriptions and the collected taxes from the show pay down the national debt.
Or maybe not just for billionaires. The more money you make, the better the chance that you'd "summoned" to be on the show. Like getting called for jury duty. It's your civic duty to go on TV and and get your tax rate handed to you, and have your money automatically withdrawn publically.
Becoming a trillionaire should be an instant death sentence. It doesn’t happen unless something seriously wrong has happened. Even becoming a billionaire is sketchy AF.
After you make million dollars in a year, I think it would be more than fair to tax all subsequent income at 90%. Also let’s lift the cap on Social Security taxes. When someone like Musk is done paying his SS tax 15 minutes after midnight Jan 1st., we have a problem.
It was the rate we had back in the post war years. Women and minorities, a bad time.
Economic stability and growth, one of the best.
Let’s have the best of both worlds.
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Once a year, billionaire's spin a big wheel with various percentages on it. Maybe even a "Bankrupt". Proceeds from the public's subscriptions and the collected taxes from the show pay down the national debt.
🤢
Make Taxing Billionaires Great again
And where the that money come from?
From the prices they charge the costumer
And the wages they don’t pay the rest of the company
If prices go up but wages stall does the company really have enough money to pay that one person that much
https://www.hueylong.com/programs/share-our-wealth.php
Economic stability and growth, one of the best.
Let’s have the best of both worlds.
Min wage: we’d pay you less if we could.
Taxes are a back end solution to a front end problem.
You can live off the interest from a big enough salary. If I was making $5 million, you could tax me at 100%