2.5% of his wealth is nothing, he quite easily gains or loses ten times that in a year
Set a maximum amount of wealth per person each year. Anything you earn over that automatically goes into a 100% bracket.
There literally is no reason why one person should be allowed to have a billion dollars in wealth, whilst another person is homeless and needs to waddle into crime to be able to feed themselves
10 million total wealth. That sounds like a reasonably sane maximum anyone should ever have the power over. Anything above that, taxes.
That is exactly what I’m saying.
2.5% of his wealth is nothing, he quite easily gains or loses ten times that in a year
Set a maximum amount of wealth per person each year. Anything you earn over that automatically goes into a 100% bracket.
There literally is no reason why one person should be allowed to have a billion dollars in wealth, whilst another person is homeless and needs to waddle into crime to be able to feed themselves
10 million total wealth. That sounds like a reasonably sane maximum anyone should ever have the power over. Anything above that, taxes.