this post was submitted on 04 Apr 2026
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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.
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
I agree, but we would need to definitively define what greed is in a way that is consistently enforceable. Maybe we should make it mandatory for them to like have mental stability check ups done by a third party.
The definition is easy: if their net worth exceeds 10 million (locked in as a ratio with the minimum wage, so it grows with it).
Get that rich, get locked up.
But then what incentives would the creators of the soul-crushing-machines have to invent the next soul-crushing-machine???