From the technological Olympus of Silicon Valley to the urban canyons of Wall Street, a narrow club of vastly wealthy plutocrats sits on a ballooning share of the nation’s resources. One percent of Americans at the apex of the economy are hoarding over 31% of the nation’s total wealth, a cool $55tn in net worth.
Getting them to share with the rest of society, to fund redistribution or pay for public goods, is proving pretty much impossible. Their ability to move resources around, hide profit across jurisdictions, and minimize income to hoard wealth until they die appears to put them beyond the reach of taxation.
One recent research paper found that the country’s richest 384 oligarchs paid only 24% of their economic income in 2025, compared with 30% for the average taxpayer. And not all of them are getting top notch tax advice. Reporting by ProPublica revealed that some of the richest Americans – like Elon Musk, Jeff Bezos, Warren Buffett and Michael Bloomberg – live largely tax free.
Wrongthink to base it on jealousy emotions. Core solution is eliminating tax breaks for investment income instead of targeting wealth, and to redistribute power through UBI (enough), and ideally liquid democracy.
https://naturalfinance.blogspot.com/2026/09/a-global-prosperity-manifesto.html
Nazi democracy’s problems are Oligarchy/Zionism having disproportionate influence because winners control budgets, and gift everything to their sponsors, at expense of people. Picking a losing fight with no significant consequence even if implemented is just manipulating public’s emotions instead of structurally fixing corruption.
Eliminating various tax breaks for “non-income” income is certainly a good start, but when there are people able to live on their wealth rather than income, it’s not enough.
Plus you’re forgetting a progressive tax rate. Why are we ok with different tax rates depending on income for most of us, but with the top rate at upper-middle income. You’re basically targeting doctors and lawyers as “the wealthiest”, when they also earn next to nothing compared with actual wealthy, and they work for their income. Im not saying they shouldnt have a higher rate, i’m saying we clearly need tax brackets above that
Hard disagree. Failure to appropriately tax wealth while taxing income alone is the fundamental cause of labour having no value in the modern economic system. Ownership, not work, generates profit, ergo work has no market value, only wealth. There is no jealousy. Only a monster wants to be a billionaire while their neighbours starve. Taxing investment income is a fools errand because there are a million ways for them to enrich themselves off their holdings without appearing to HAVE income, on paper.
Taxing wealth may be hard, but so was taxing income when we first tried it. We got better at tracking it.
Linked proposal would have 0 employment income taxes up to $100k, and 0 payroll taxes. 5% increment surtaxes on sliding scale incomes above $100k. Investment income would have base 25% tax. Taxing the income that is derived from wealth (investments) at equal rate to employment income (the 0 income tax is a gimmick based on not deducting employment expenses from employer) is both the right fairness balance, and high revenue raiser. The far greater benefit to 90% of population, overlapping the employee class, is freedom dividends. Over $36k/year in US per adult can be afforded when we stop thinking of just wealth taxes to fund a larger nazi empire by the oligarchs for the oligarchs.
The one big way is borrowing against investments. A $1m-$5m limit would go a long way to eliminating the loophole for ultra rich. Trusts can be taxed more. The loopholes can be fixed.
The race to the bottom in US, is based on piecemeal “populist emotional” local measures, that just as Corporate investments shop arround for biggest local tax breaks, threats of leaving when “fair tax local” proposals/policy pass is a weak attempt at not fixing anything.
Instead of taxing wealth as a principle, I do support financially zeroing out those who sponsor speech of nazi economic fraud, and zionazi theft of American prosperity. But, essentially, everyone is/should be encouraged to get as rich as they want as long as they STFU and pay their taxes instead of corrupting government to make them richer.
Ineffective, half measure that achieves nothing by itself. Rearranging deck chairs on the titanic doesn’t fix the problem that the existence of billionaires is itself an abomination of a broken economic system. Some inequality is inevitable. Inequality that extreme is evidence of dysfunction. The emotional appeal is simply a tool to build public support for a naturally healthy check on systemic abuse. I’m not taking your bait of deriding emotion. People should be passionate about economic justice. Right wing fear mongers wield emotion like a cudgel while whining like children about the left being bleeding hearts. Enough. You are claiming to be “Rational” while ignoring that a tax on wealth is the only way to re-balance a system so far from free market it makes the excesses of feudal mercantilism look nearly egalitarian. If you believe hard work should count for something, wealth concentration needs limits or you believe that human effort and skill don’t have value. Ironically, your investment income tax could be the most effective tool to deter capital flight if used right, but without a wealth tax, its just bread and circuses while human dignity is further degraded by the degenerate rich.