@ #9; Whoa there. 100% is unreasonable. Still there’s room to start at a hard 90% at about 250 million and then incrementally scale until the tax is say, about 95-97% by about a billion.
Unfortunately you cannot tax anyone 100%; that would ultimately be unfair and demotivating and only motivate corruption to avoid the tax
It’s progressive. You’re still allowed to have a billion. That’s just a cap. Anything past that goes to the public.
Makes perfect sense. It’s like having $999,999,999.99 in a management game.
It doesn’t go above that, but if you buy a ton of assets and set them down, it’ll probably climb right back up there to the limit again at some point.
You still have a billion bucks to do whatever with.
Although yeah, businesses routinely buy things for billions (like acquiring Minecraft? Hah) So they’d find some clever way of putting it all in some kind of “company trust” or something, so they don’t have it as an individual.
But I’m no lawyer. I still think having it on the books would be better than not, if it went to healthcare and education instead of funneling into the defense industry, that is…
they’d find some clever way of putting it all in some kind of “company trust” or something, so they don’t have it as an individual.
That’s fine, as long as there’s legal stipulations as to how that money can be spent, similar to campaign finance laws. That kind of money should go back into the company to the benefit of both the workers (via continued employment and fair compensation) and the consumers that support the company (via the quality of the company’s product). It should not go to any individual executive to pocket and walk away with.
