We need a 100% wealth tax on everything over $200,000,000.
We will give you a medal stating that you won capitalism and then it is time to move on to a different hobby.
It should be a multiple of minimum wage. Also we should have a maximum wage as a multiple of minimum wage. Tying them together will give the rich some incentive to raise the minimum wage
Why 200mil specifically?
Because wealth over that value does little to improve your quality of life (actually far less than that, but this is a generous cap).
I wish we lived in a world where people were arguing where the 100% tax kicks in, if it’s at 100 mil or 200 mil, etc. If that was our most divisive issue we would all have 4-day workweeks, guaranteed universal basic income, and maybe even dental care we can afford.
Also depending on how you calculate that it’d basically be the amount a machine shop or small factory is worth.
Hopefully the rest is owned by the workers of that factory. Zero tax then.
And what does what you wrote have to do with the specific number OP wrote?
Munger is a Republican, but his crusade is far more about fighting gerrymandering than party preferences.
Interesting that we’re not hearing about him pouring his vast wealth into opposing the heinous gerrymandering in Texas and other red states.
US is a sham democracy, an oligarchy ruled by the rich much like banana republics. Citizens are nothing but subjects swaying to the whims of the rich.
Let him waste his money. It’s a done deal.
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They’re not Newsom’s plans, they’re the plans of low level state politicians in Cali who put the work in and made this happen.
Don’t let some shitbird transphobe take their credit.
