Every year, your total assets are assessed and every red cent required to bring you to below 1 billion dollars is taken.
IF you ended up getting taxed at this rate, a bench gets installed in a public park with a small placard having your name on it. You get to pick the park.
A 100% wealth tax on every dollar $1 billion and up would solve a lot of problems and doesn’t require guillotines.
Every year, your total assets are assessed and every red cent required to bring you to below 1 billion dollars is taken.
IF you ended up getting taxed at this rate, a bench gets installed in a public park with a small placard having your name on it. You get to pick the park.
NGL I would still totally want to be on that placard. Central Park, where all the other rich people can see it.
Who needs a billion though? Cut that down to like 100 mil, or even 50.
Inflation-adjusted or the monkey’s paw will curl a finger.