'Morning, peeps. It's Monday. 'Nuff said. Head down.
Go forth. Be awesome. 💙
Go forth. Be awesome. 💙
Comments
Totally paid for under a new progressive tax plan. While also saving the government $1.2T. Which is a massive amount
Ego definitely plays a part once you get to those obscene levels of wealth
Eat The Rich!
That way they're all together in one place.
Don't be hypocrites.
Get the bragging rights.
Then - make the move.
I've been thinking that we need a billionaire cap for a while now.
/S
Nobody needs anywhere close to a billion dollars.
Safe happy waves
In a heartbeat.
Here for that, though
Most of the worth is in investments and stocks, and not liquidity.
I think the easiest path forward is simply remove the ability to borrow against an investments value (real or perceived).
If I pull in 1.5M / year as an exec, but have ~15M in investments, I only pay tax on the 1.5M.
The loop-hole is that I can borrow against that 15M in investments tax free.
1/2
2/2
But this is how I understand the problem, and how I would fix it based on my understanding.
Once you reach $500. million net worth, you or any company you are a director for (or own more than 5% of), no longer qualifies for any subsidies. At all.
Make it to $1. Billion and you pay a wealth tax.
On top of the full rate SS tax you must pay regardless
I'm not really sure what the answer is, but when it's becomes all about the money, everywhere, maybe we need to really rethink how we tax and spend.
Based on something in your only post, you and I probably came from a similar place politically.
I am long disenfranchised
Also Them: Sorry Judy, you don’t get a raise this year because you’ve reached your position cap at 60k.
Preventing wealth is only supported when it’s for the poor or minorities.