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Gary Stevenson: 'Tax wealth or we'll return to the feudal age' (www.bigissue.com)
submitted 4 months ago by to c/unitedkingdom@feddit.uk
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[–] 7 points 4 months ago (4 children)

Tax Wealth?

I want wealth caps!

Say, 10 million dollars, is simply the maximum amount of money anyone can have / control. Any income after that is 100% taxed

No more extreme riches

Governments get huge influx of resources which they can use for free healthcare, free education, universal basic income

Poverty could disappear. Poverty related crimes could disappear

Companies can no longer have huge share holders and owners, now requiring loads of smaller shareholders.

Limit company worths to max 1 billion too while we're at it.l, because no ultra large company ever did something that was good for humanity

Now we have boat loads of smaller companies, makes your economy more stable

Since you can't pass that wealth limit, incentives to screw over customers are gone because it won't get you more anyway.

I can go on listing the benefits for another hour but you get the idea ..

I literally can't see bad sides to limiting wealth. It's a simple rule to get control of the narcissist psychopaths that are ruining the world

Why haven't we ever done that before?

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  • [–] 2 points 4 months ago (3 children)

    The resources required to enforce such rules are controlled by the people who benefit from that not being the rules. Hell, the IRS has essentially said they don't have the resources to go after the biggest tax evaders because it costs too much.
    https://www.gq.com/story/no-irs-audits-for-the-rich

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  • [–] 2 points 4 months ago

    "It costs too much" is a horseshit excuse when the result of the audit would likely pay for itself many times over. Use the first couple of years to automate/streamline as much of the process as you can, and they'll likely start just paying the damn things like they should have been in the first place, if only to avoid the hassle.

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