this post was submitted on 02 Dec 2025
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"tax the rich" is a scam?
The wealth tax typically proposed by these campaigns (like 2 or 3%) would raise money but it would not stop billionaires from getting richer. (That's why even billionaires advocate for it.)
The finish line should not be "raise money to fund public programs."
The finish line should be "billionaires don't exist."
There literally should just be a cap. Make it something ridiculous like "billionaires are not allowed to exist, so everything you earn past $999,999,999.99 is public property" and I don't see any way how someone could disagree with this other than wanting to be a malicious parasite. That is more than enough money to buy a yacht for your yacht and is also an amount of money that cannot be legitimately obtained.
I've always liked the idea of the cap being an immediate loss of any legal property protection.
This would not be through any process, they simply instantly legally cease to have any property rights anytime they cannot prove their net worth is below the limit.
Any member of the public can reclaim any piexe of their ex-property, until the not-quite-billiomaire gets a court ruling confirming their not-a-billionaire status.
Then the not-yet-billionaires can figure out how to constantly stay comfortably below the limit.
Or...they can file an updated wealth disclosure every time they attempt to keep anyone from walking away with any piece of their former property.
If they want to avoid the inconvenience of their yachts, cars, pets, plants, fences, lamps, and television sets being repossessed, they can negotiate with their employees unions for collective ownership in good faith, instead.
It'll be fun to see how many of them are too stupid to take a good deal, and lose their stupid toys.
Oh, so we put the bar at proving a negative? Easy peasy.