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The tax should be even higher. No one needs $100 billion.
No one needs $1 billion
God the insanity of that wealth is hard to fathom.
Nobody needs $100m, which is itself a totally insignificant amount compared to $1b… and we’re talking people with hundreds of billions :/
for real. $400m is closer to $0 than it is to $1b
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How do you handle a CEO owning stock worth that amount in the marketplace, then?
They don't. No one can explain how a wealth tax work because it doesn't work.
My issue wasn't with a wealth tax (even though I'm against it), but pulling some arbitrary wealth cap out of thin air opens a lot of questions that many people don't consider the implications of.
True. But since the govt won't do it on their own, let's just do it ourselves... https://www.indiegogo.com/projects/comingle#/