Is there any more ethical solution to our current circumstances than "murder all billionaires"?
Is there any more ethical solution to our current circumstances than "murder all billionaires"?
Not that I'm particularly against that - quite the opposite, in fact. But I'm wondering if anyone sees, or had seen a path to social and climate recovery/progress that could occur without first eradicating the class of people who most enjoy the present status quo.
You're viewing a single thread.
Tax all billionaires more?
The problem isn't the exact rate, it is their ability to pay for tax experts so they can avoid having most of their wealth taxed at all. This is why Biden wanted to beef up the IRS and sic them on billionaires. Scrutinize the cracks they slip through.
That’s part of the problem; but, increasing tax rates (income, capital gains, depreciation recapture, 1031 exchanges etc) is needed even more than enforcement of existing. You’d be surprised how much of what the rich do to reduce their tax burden is perfectly legal and IRS enforcement would just be an annoyance.