politics

It's not wages that are the problem, it's compounding multi-generational wealth. It's very easy for rich people to make their income zero.

A big misconception is that billionaires get rich from their salary.

The thing about most mega rich people is they don't earn wages. So this wouldn't affect them.

What we need is a wealth tax. If you don't want wealth to be hoarded, then you tax it. The rich and their stooges online will parrot that "wealth taxes don't work" precisely because it is the only tax that does work and that is why they oppose it.

1. Tax income greater than 100x the minimum wage at 95%
2. Tax standing wealth above 1000x annual minimum wage

The solutions aren't complicated. What's complicated is getting the solutions implemented when enough representatives are bought out by the wealthy.

Maximum wage laws don't make sense because the ultra rich get their wealth from investments, not wages.

I agree with the post who said that it should be categorised as a mental illness. If I had 100 cats people would look at me funny, if I was going around the state grabbing every cat I could get my hands on they would have me locked up.

We need monopoly busting, and inheritance tax, and general wealth redistribution. We need to stop monetizing basic needs and start paying fair wages. Income cap solves none of that. No way you can sell ‘income caps’ to the general public.

Most billionaires don't earn a wage at all. So they're ahead of you on this. Most of their wealth comes from simply lying about what their shit is worth, and other rich people agreeing.

All incoming money and assets. Hell, tax all assets at 100% over 100M. Maybe even hard code a limit to the size of corporations, since they are people the same rules apply.

My limited understanding is that once you're super wealthy your actual income doesn't matter. They take loans against their wealth to pay for whatever they want.

We need to tax both capital gains at a rate higher than labor and tax loans as income if they use stock as collateral.

Maximum wage would be nice, but the inequality doesn’t happen with wages, it’s stock options, asset hoarding, and rent seeking. These people don’t pay taxes, or claim wages lol. Inheritance tax of 95% of 11Million that’s an idea! Need to strip the aristocracy of its belongings.

Wealth cap

This is a stupid idea. The ultra wealthy make a tiny portion of their income through wages- that's kind of the entire point and problem of capitalism. It is ownership of capital that drives the income of the ultra wealthy. Jeff Bezos's salary from Amazon is only $80,000 per year, and he is one of the richest people on Earth. Maximum wage laws only hurt workers, while not impacting the ultra wealthy at all. When you see the giant compensation packages of CEO, very little of that is actually in wages. It's in stock in the company, and other non-cash benefits. Even if you restrict this practice, that wouldn't have done anything to prevent the wealthiest people on Earth from getting where they are since they are all founders or descendants of founders. I can't think of a single billionaire who got there from wages or any kind of compensation working for someone else- it's all ownership of capital.

They already play a shell game with wages, so they don't pay income taxes. Most of the really rich and successful people have their incomes derived from capital gains and then use the talking point that it's already money that was taxed through their business so it shouldn't be taxed further.

TAX CAPITAL GAINS.

90% tax rate over 1million a year including capital gains. No cap on social security

Also capital gains tax should be based on total net worth. So if fElon sells some stock, his capital gains tax is based on his obscene net worth.

How about a 99.9% corporate tax rate and then nationalize the corporations later on?

Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Nah, change income and networth tax brackets. More brackets, over a wider range

The lowest incomes pay no tax at all. The higher you get, the more you pay. Once you reach 1 million per year, income taxes go to 100%.

Same for networth taxes. Let's say that the max networth should be 20 million

Again, those that have nothing, pay nothing Those that have a little, pay a little Once you reach 20 million, anything over that goes automatically 100% to tax

Nobody van get richer than that level, ever... The numbers are quickly made up but with more details added, I think that system would be awesome. We can keep everything the exact same, we only change this.

Nobody will be much richer than the rest, or much poorer than the rest

Governments will have huge tax incomes that it can use for the social net that protects everyone. Use it to find free healthcare, free education, free housing, universal income, you name it.

They’ll use those laws on regular folk while they ignore them or use loopholes

These cunts will spin it like, 'Society will break down if we pay more than 20 an hour. Don't you like cheeseburgers? Don't you like groceries?

What you meant to say is we need a wealth tax.

Maximum profit laws.

Everyone makes $1/hour.

But everything only costs $1.

1 hour of labor = any 1 thing.