this post was submitted on 23 Feb 2026
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I have a suggestion, we should make billionaires pay……their fair share of taxes.
It’s not just this, we need to end all means of them living off borrowed debt. If you own that much money, there is no reason to be borrowing anything from anyone you have more money than
not that bs 1% or 2%, at least 50%
I prefer an income cap, 1 million a year, at a standard tax percentage, then all income above 1mil is taxed 100%. Capital gains are treated as income. Any profit is.
But trading value that has already been taxed is not counted as income. So selling a 10mil house for 11mil is only taxed 1mil, as the 10mil was already taxed as income.
Same for corps, but with a 10mil profit cap a year.
The low cap discourages businesses from merging into massive conglomerates that control too much of anything.
We don't actually need national or international businesses.
Of course I also approve of making for-profits outright illegal. So the cap wouldn't even be relevant for businesses anyway, as they'd all be public services, and any 'profits' they made a year would just be put towards more, or better services, or improved employee compensation packages, or subsidizing costs in the future until prices balance back out, or refunds (all depending on the business/industry).
1 million a year is ridiculous, you can already accumulate wealth if you have that much. And that defeats it already. What you want is an equitable society, in where social ownership is the norm. Credit unions, time banks, for example.
I think it's much more sane to have a max of what ordinary salaries in worker-owned co-ops top out at. A manager at for example Mondragon, a federation of worker-owned co-ops, may earn no more than five times the minimum of their own workers.
Assuming you'd need €40,000 a year in the poorest US states as a living wage, that yields €200,000 a year there.
In Vietnam, this would be about €4,750 a year., and thus € 23,750 for the richest.
In Switzerland, that might be €60,000 a year and therefore €300,000.
The issue with money is also, it can be accumulable, and inherently fosters inequality. Time banks might be an alternative, but they ultimately rend into wage labour by a different name. An idea might be a form of decentralised Community Exchange System, which is essentially a mutual aid system that fosters to give-it-forward (and thus to share).
At least 95
above a billion? definitely