[Serious] The revolution was successful! The old government is gone. You get to help write the new Constitution. What do you put into it?
[Serious] The revolution was successful! The old government is gone. You get to help write the new Constitution. What do you put into it?
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All income over $10m per year is taxed at 100%. Foreign and domestic put together.
22 4 ReplyI get where you are going but it would make more sense to be based on a percentage above a living wage or something like that. In 100 years 10 million will be worth a lot less than today.
22 0 ReplyMaybe start it at 10m and index link it to the average wage thereafter. Make it in their own interests to boost everyone’s wages.
18 0 ReplyI like that idea!
4 0 ReplyMake sure it's the median wage rather than the mean wage, otherwise they can just hugely increase wages for a few outliers.
3 0 Reply
That would get rid of inflation really fast as billionaires try to figure out how to deflate the currency.
11 0 ReplyI don't think the billionaires survived the initial premise of this thought experiment.
4 0 ReplyI don’t have a problem with that
2 0 Reply