this post was submitted on 13 Dec 2024
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$100,000,000 that's it. At that point we give you a gold "I won capitalism," trophy, and you either retire, and are taxed at 100% of assets above $100,000,000 or, you don't and are taxed at 100% on assets above $100,000,000. This applies to both liquid and non-liquid assets.
Also you can leave your children $5,000,000 in total assets per child over your entire lifetime. The rest of your estate goes into The Sovereign Fund for Humanity's Poor.
I'd argue that's still way too high. Hell even 10$ million is potentially still too high lol