this post was submitted on 04 Apr 2026
482 points (97.6% liked)
Just Post
1422 readers
802 users here now
Just post something ๐
Lemmy's general purpose discussion community with no specific topic.
Sitewide lemmy.world rules apply here.
Additionally, this is a no AI content community. We are here for human interaction, not AI slop! Posts or comments flagged as AI generated will be removed.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Why stop there? A 91% top-tier tax bracket got us here. Let's make it 100% this time for good measure.
Abandoning the 91% top tier rate is what got us in this mess. "Trickle Down" actually worked when there were consequences to not spending your excess earnings.
91%, 100%, 150%, 10,000%, doesn't matter: nobody paid it. The point of it was to get people to avoid it. What they had to do to avoid the top-tier tax rate is what drove the economy.
But then what incentives would the creators of the soul-crushing-machines have to invent the next soul-crushing-machine???
My point was to de facto criminalize billionaires. The law would state you are not allowed to own this much. Full stop. People would very quickly see obscene wealth much more critically if it was a crime.
Frankly, I'd say start with anyone being valued over $1B, including stocks, locked funds, properties and international assets etc. should have everything over that $1B taken away and divided for proper causes benefitting the populace.
On top of that they yearly pay a fair percentage of their assessed value as taxes. Also, no interest free loans for these people, nor drowning their possessions in loans to companies or whatnot. Stocks in companies are both directly taxed and under yearly taxation.
The US already taxes it's citizens abroad so yhe above shouldn't be too hard to implement.
Just treat greed as a mental illness. Lock those sociopaths up