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I'm not jealous of anyone, good on you. What I do have a problem with is when the rich refuse to pay their fair share of taxes. Not only do they don't want to pay a fair share, while using our society, they use that money they saved cheesing the system to subvert politicans and our system to pay even less and squeeze people even more.
All that said I also think billionaires shouldn't be a a thing. Past 1000 million dollars you should be taxed at 99%.
Not just that but I don't think massive amounts of wealth concentrated into a small number of hands is good for a democracy.
While I agree with your message on taxation, I don't think any billionaires actually earn a billion dollars that could be taxed like that.
Our media fawns over their wealth which is assets, their business value and the like, not actual income that could be taxed. I definitely agree with a wealth tax though, but I don't know if that operates in the same way as a progressive income tax works, as in "after x amount you owe y% and then z% after another total dollar amount."
Wealth tax. No one needs more money. You've won capitalism. Now you can compete in a high score of who gives back most to society, and pretend it's actually you that is doing the good deed.
I kinda like the general idea, but I think you'd just end up with corporate fat-cats that personally hold close the limit, and then have a couple of hundred 'friends' who hold the rest and live in fear of themselves and their families getting disappeared if they touch the wealth without directions from said fat-cats.
Their fair share is all of it
What does that fix though? Government is a little more funded, so what? If thieves were rampant, the solution isn’t taxing the thieves.
Billionaires leech off of the working class and we should just tax them? No, we need to address the underlying mechanisms that allow them to do that. If someone actually did $1 billion worth of labor, they deserve the billion, and probably a prize for being the first
It would not fix our problems, but it may help discredit the austerity narrative promulgated by the ruling class, and also erode some of its power to repress more meaningful change.