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Study: Billionaires Paid 91% Tax Rate in 1960, Now they pay 0% (hrnews1.substack.com)

submitted 23 hours ago by peanutbutterandjelly@lemmy.world to c/justpost@lemmy.world

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[–] Dragomus@lemmy.world 4 points 17 hours ago

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.