No Stupid Questions

Not exactly a solution for the ultra rich oligarchs, but a progressive consumption tax would be a good policy. It would be applied as a sales tax on everything, everyone would get regular rebate checks to cancel out the tax on spending up to the exemption. It could make all the megayachts more expensive.

America used to tax billionaires already in the 1900s. Nothing new to invent here.

Super simple. Inheritance tax is enormous. You have the right to pass on as many "upper middle class trust funds for life" as you would like, but no other wealth of any kind is inherited.

5% wealth tax, and no loans for corpos or other orgs, only for humans and even then it would be considered a charity (meaning if they default money goes puff), this would mostly be coming from tax that was collected earlier.

Also no patents, only open source research. So people can set up bussinesses easily and anywhere, buyers will pay for labour.

We already know how to grow food and build houses, let's end these issues first and only then focus on advancing science and tech, and any advancement should be for betterment of all humanity, not for individualistic gains.

If somebody owns shares of $company_A, they have to pay 1% of the shares annually, which become public property. This way, the means of production (company shares) slowly become public property over time.

EDIT: formatting

A potential mathematical approach to equal taxation that works in any country:

1. Calculate the average income of every citizen. Let A = the average income (amount per year)
2. Set a baseline tax amount for the average (e.g. 10%). Let P = baseline tax percentage
3. Given a person's income, calculate how far above or below they are compared to the average. Let I = a person's income. We can calculate the difference, D, with D = I - A. A positive value means the person's income is above average, whereas negative is below.
4. Calculate the difference as a percentage. Let Q = D / A
5. Calculate the percentage of the tax percentage. This will determine how much more or less a person will have to pay: R = Q * P
6. Finally, calculate the person's unique tax amount: T = P + R. If R was a positive value, that means the person will pay more. If R was a negative value, they pay less. If R = 0, they pay the base amount.

Example: Let's say the average income per year is $50,000 USD, and the baseline tax rate is 10%

So A =50,000 and P = 10% / 100 = 0.1

Given a person's income: $30,000/yr:

I = 30,000

Calculate the difference:

D = 30,000 – 50,000 = –20,000

Q = –20,000 / 50,000 = –0.4 (–40%)

Calculate how much more/less the person pays:

R = –0.4 * 0.1 = –0.04 (–4%)

Calculate the unique tax amount:

T = 0.1 + (–0.04) = 0.1 – 0.04 = 0.06 (6%)

There might be a better set of formulas, but this is what I came up with. Let me know if I made a mistake in my math.

In my opinion, you'd establish a number that is the max amount anyone would need in a region per year, let's say 1 million. For one million you could finance a place to live, a car, food for you and your family, hobbies and maybe a trip or two. Then multiply that by three. Just to shut down the ones who'd argue. Three times what ever the amount of money anyone would need is an obscene amount of money per year. Everything else goes to 1) the state to regulate the quality and cost of the community, and 2) entities that generate value and has jobs

One rifle per family.

Take their moneys.

I would confiscate their rocket ships and satellites. All yachts designated as navy or coast guard. You could also do one of those lies about the stock market so it can be mutilated and raped to bring more profit, but for the citizenry, so it's a good thing. /s

There's just an upper limit on what any one person can own.

Ten houses, one private airplane, one yacht, and $100 million worth of 'stuff.'

No more than 1% of any company.

That's just off the top of my head for discussion. Feel free to jiggle with the numbers.

Wealth tax and land value tax

ultra 1040 without lawyers to drive buses through loopholes

the only sure way is to abolish private property and give the businesses to the workers

I would do a small transaction tax like 1% that should hopefully put the brakes on short term trading and tax inheritance the same as lottery winnings. Tax investment the same as income. for corps tax them based on their entire holdings right up to their top owner with all its subsidiaires but they can deduct any tax they pay in authorized countries (so the way we do sanctions now we could take away their taxes being able to be deducted).

Tax stock when it is given for bonus or pay package. The gov gets the top end tax rate with of the stock to be sold over the next 12 months.

I fall to see any argument for one person controlling even 8 digits, much less any more.

If you have even half a million of disposable money to spend, you shouldn't be even close to be allowed a loan in any form. Being rich shouldn't be a collateral for more money.

Given that it's a common way they increase their worth, they should be barred from utilizing it.

Every dollar past 10 million should be gone right off the top, no exceptions.

Enacting it should either be completely secret, or enforced on everyone here now, regardless of where they move after this point.

That payday would fix a lot of immediate problems.

Bring obscenely rich should be meet with obscene "punishment". At least they would call being cut down to size punishment.

I'd argue that stealing that much wealth and health care should be a capital crime. If I could bring them back so they could experience a capital punishment more than once, that would be justified IMO. That's a harder sell to some, but there are no billionaires that should be allowed to live. Even the squeakiest clean (ethically speaking) one should be taxed and fined out of existence.

Take the number advertised on the Forbes list and their self reported number. Tax then according to which is the higher.

Tax unrealised gains on holdings annually not on realisation. Tax banks for giving loans against stock holdings, with rate of interest under 2%.

At least until the bottom 50% has as much as the top 50%

With a gun to their head

(which i must point out is historically how the people who invented taxes, i.e the sovereign, would have done it)

Attainder.

Flat tax on spending, flat tax on financial assets, flat tax on out of state transfers. Just no matter what anyone does with their money, it's taxed.