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Fuck the billionaires, tax them all by 100% of their income beyond 1 billion.
None of these guys has income anywhere near a billion in yearly income. They have stock and other assets that are worth billions but it is not income per se. If anything they go to extreme lengths to minimize their income.
See? that's another thing. Why is some income not considered income?
People who actually have to work ALWAYS have to pay taxes, but the parasites that gamble in the stock market get to keep all that money they won, and if they lose they get a bailout from the taxpayers.
There are billionaires out there that have become so narcissistic that they just say it outright. "I'm going to privatize the profits and socialize the losses"
Make that illegal too. It goes against everything that humans have learned about living in a community. They're like monkeys with some sort of brain malfunction that makes them horde bananas and starving out the rest of the group.. if they did that in the wild they'd get torn apart by other monkeys
Monkeys will also eat the selfish ones.
Maybe that's where the phrase "eat the rich" comes from.
is there anyway to classify new/gained assets and tax that?
Ate they not taxed when they are bought and sold?
Why does it have to be so complicated? A dollar gained in any way should be considered income on everyone's taxes.