“Comes the revolution,” the orator declared, everyone would live the good life and eat strawberries and cream. “I don’t like strawberries and cream!” responded one of his listeners. “Comes the revolution,” the orator declared, “You’ll eat strawberries and cream—and like it!”
The truly elite wealth must be taxed until those people bleed. Their offshore accounts must be drained. Their overseas wealth clawed back. Inheritance/estate taxes should be very, very high. All market activity, I mean every single stock transaction and every nickel of capital gains, must be aggressively taxed. Corporations must pay their genuine fair share and should be crushed with penalties for every nickel they pay their executives and board members over a certain threshold they're paid above their rank and file workers. The largest banks must be broken up, along with the airlines and the Big 4 tech companies, to increase real competition. Hire an assload of IRS monsters to claw back wealth from the elites who have raped this country for 50+ years.
The pendulum should swing heavy and hard and should feel oppressive to the elites. Don't like it, flee the country and find some other population to rape and pillage. We'll keep every nickel of yours on the way out the door too.
A burner handle, for sure wrote:
Ghost of McEnroe wrote:It starts with you, bud. Let's hit you with a 99% rate on all income and wealth. That seems like a fair opening salvo to get the redistribution ball rolling!
That’s a straw man, and a transparent one at that. But, in fairness, my household makes low six figures in a market where that means we’re doing okay, and my wife and I are both for increasing taxes on us in order to better fund public education, infrastructure, and the social safety net.
But you’re also not gonna get that far with an additional few grand from a few-million households earning in the low six-figures. America today has the lowest top marginal tax rate it has had since WWI, and capital and corporations receive additional breaks. Tax me more, but tax the truly rich way more, too. But what that looks like is a top marginal tax rate somewhere between 50-75% beginning in the several million dollar range, incremental income tax increases below that amount, and a wealth tax in the low-single-digit percentages not kicking in until a fortune is many millions of dollars—nothing like the scenario you proposed.
Your post shows you to be (at least) one of these three things:
1) a sociopathically self-interested member of the super-wealthy class;
2) a shameless shill for the interests of the same; and/or
3) a message board troll.