Quote:
Originally Posted by Sliver
I know communism doesn't work and I know why, but the philosophy behind it certainly isn't evil.
I like capitalism, but I'm very supportive of punitive tax brackets to prevent extreme wealth and extreme wealth hoarding. Play with these numbers however you want, but let's call over $1 million/year in a 50% tax bracket and over $2 million a year in a 70% tax bracket, and anything over $5 million a year in a 90% tax bracket or something. You'd still have incentive to get rich, but after a certain point there's just no point in making more and you start sharing that wealth.
Or throw in a death tax for estates worth over $100 million or something. That allows you to get and enjoy extreme wealth, pass down extreme wealth, but once you die everything over $100 million is taxed at 90% and goes into the public purse. That's a far cry from putting everyone in a tenement and making them buy a Lada.
That's when you start the bangin'.
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Yep. Nothing wrong with striving to be a millionaire, and you should be able to setup your family to live comfortably without the worry of money if you're able to. But billionaires should not exist, there is zero reason or need for them