With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
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.
It’s simple, any income is income and taxed as income. this means loans, gains, etc. alll income.
Then everyone pays less income taxes. The current system puts the tax burden on the poorest people.
Yes simple flat tax rates are a dream for me. Imagine! Also with all the government monitoring we pay for… they can file our taxes for us. I’d love to get a fair itemized tax bill every year.
Monopoly busting, hell yes!! All the other ideas come from people who were unlucky enough to have nothing passed down to them.
I am sorry for your situation, but my father worked his ass off to leave me and my siblings something (it was meager compared to most I’m sure but it helped me out immensely when I needed a leg up), but blanket laws like this would have royally screwed me just because “well I didn’t inherit anything from my parents, so NOBODY ELSE SHOULD EITHER!!” mentality.
Like how much money are you talking about? Are you rich rich? or are you got enough daddy’s money to talk shit rich?
You’re broke to me if you’re worth less than 100 million I couldn’t care less about your family money
I think the 10-13 million dollar cap is plenty. It’s not about you it’s about the Walton kids controlling and passing down 100 Billion. It’s about Elon using his money to buy his way into the White House and steal from people…
If you gave your children $10 million and they couldn’t survive on it you fucking failed to raise your children. Anything more than that is burdensome. Passing off enough money so that your kids don’t have to struggle is one thing. Passing off enough money to buy yourself a political party by the time you’re 35 probably not a great idea.
Inheritance tax is what stops you having a noble class or owner class with a long line of inherited wealth.
A good inheritance tax would be tiered like income tax. Lower amounts would be untaxed with higher numbers being taxed at higher rates.