I saw this circulating around and thought it was an interesting read.
Some of these are horrendous, some are funny, and a few made me think “Hmm, maybe not a bad idea”
I saw this circulating around and thought it was an interesting read.
Some of these are horrendous, some are funny, and a few made me think “Hmm, maybe not a bad idea”
A limit of $1 million in 1933 inflation adjusted would be $24.4 million today.
How would that work with inflation / deflation I wonder, you hit the limit, can’t make anymore, you retire, all is well. Then what, you need to get rid of 5% of your wealth? How do you define the limit, dollars in X year? Why that arbitrary amount?
We make minimum wage an arbitrary amount untied to inflation. This would be the same.
A progressive wealth tax with the final bracket being 100% at $24.4 million.
Tie it to inflation, set the number high enough to maintain an upscale property and life for 100 years (that way babies inheriting money won’t suffer), and enforce it via military strikes on offenders and their families.