this post was submitted on 11 Aug 2023
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After an entity reaches an annual cap (say $5m profit), 95c of every dollar should be taxed
Give em a "you won capitalism!" Participation trophy π too.
And a hearty handshake and a high five. Then start selling their assets and departments to competitors.
As it once was with FDR.
If other nations can have billionaires and we can't, and our country is vast and rich, we will be at a disadvantage.
The WANT of money is corrupting itself. Actually having the money itself is not needed. People who want money will destroy your little system, and throw your country into chaos, ruination and poverty, united by a conspiracy of common interests.
I would rather just regulate what needs regulating, within reason, with a gentle hand, and only a strong hand with the worst of violations. For the record, I would be much harsher than the us has tended to be when it comes to pollution, etc.
No. Fuck them. They can leave.
They will still do business in your country.
Also countries should tax companies on money that goes out of the country based off of their overall profit. So if Google makes 10% profit over costs the. We charge them 30% tax on the money they funneled out of Australia. Done.
Fair enough..
I donβt think you can truely regulate any system we currently know in favour of the populace. So I take the us Vs them approach.
Each to their own π
Gonna need tons of capitals controls to prevent money from leaving, rich people are good at moving. To what end? So the federal government gets even more money to spend on subsidies, police riot gear & highways. They'd turn the Pentagon into an octagon before they'd meaningfully help their citizens.
Yeah itβs not the only thing that would need to change for sureβ¦ I didnβt want to get too crazy here π
I definitely think 50%, like they supposedly do in China. No exceptions. You try to evade it, you go to jail for six months, enjoy. I think that's what happened to Jack Ma.
It should scale up like it did in the USA
Anything would be alright with me, Iβm in Australia and so Iβm definitely warped with my international tax views. Probably why iβm at the extreme end of the scale
95% would also be fine.
Make that 100c. Fuck them. Nobody needs that much money.
I would like 95% of your dollars, please. If we get to arbitrarily rob people who make more than we do, I'd like something from you!
Lol.. keep growing