Let’s really MAGA. https://www.cnbc.com/2019/07/24/its-time-for-a-100percent-tax-on-billionaire-estates-oscar-mayer-heir-says.html
That's just provocative, attention seeking behavior from the heir's part. Realistically speaking we need tax reform to fix cap. gains and loopholes that large orgs take. One of the big reveals of the Panama Papers is that while the tax avoidance schemes were shady, a lot of it were perfectly legal.
Why the fuck do we need taxes? Let's start fixing there, with a clean slate and justify each tax item. If we're revamping, it's gonna take a revolution or two.
One group sees taxes as a form of equality. Seems more to be rooted in envy than anything else though. Then the other group sees taxes as a way to encourage reinvestment of capital. Which group you think is going to make these policies?
Time for a 100% tax on Yelp employees. We have decided you have made too much and it should be distributed to others.
Mr BS has the long term solution!
If states must exist at all, they must implement a progressive global wealth tax to reduce wealth concentration and inequality. This is even a sound conservative position as the overall stability of governments and markets is negatively impacted by mega rich "free riders." The system will not survive extreme inequality over a long period--something's gotta give.
progressive is a dirty word now.
You know if we confiscated 100% of the wealth from all US billionaires that would only be enough capital to run the government for eight months. You need better ideas.
They want to have enslave the billionaires. Keep the working and producing billions of dollars while taxing them at 80%. Luckily those people are waaaay smarter than politicians or legislators so taxing that money is really a pipe dream.
600 people alone could fund the US government for 8 whole months! Holy shit, they have a lot of money. If that’s what being a slave is like, slap some irons on me please.