this post was submitted on 04 Jun 2024
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[–] [email protected] 131 points 9 months ago (5 children)

The moment enough of us decide this has to change, it will.

Relink productivity and wages! 90% tax rate on all the cash you earn in a year after the first $10M Close corporate tax loopholes

We can solve this, we just need to decide.

Maybe a general strike is out and we should just start a quiet friday strike, and just start extending that back through the week. Productivity just keeps falling until the wealthy decide they don't want to suffer with the rest of us and take the fucking haircut.

[–] [email protected] 63 points 9 months ago* (last edited 9 months ago) (3 children)

After the first $1MM. Ten million dollars in a single year would set me, and likely just about anyone else, up comfortably for life twice over.

[–] [email protected] 12 points 9 months ago (2 children)

Take your current yearly salary, multiply it by however many years you expect to live after retirement + let's say... 10% on top for inflation, + another 10 for medical expenses. Is that number above, or below, $10M? Retirement is fucking expensive and only going up in cost.

[–] [email protected] 14 points 9 months ago

I've modeled it a bit more precisely considering actual expenditures as well as social security income, projected inflation and investment returns, etc. $5MM in my pocket right now should set me up just fine.

[–] [email protected] 2 points 9 months ago* (last edited 9 months ago) (1 children)

You keeping it in a mattress or what?

[–] [email protected] 2 points 9 months ago

Hahahaha

Oh wait you think I actually have money? Let me laugh harder

[–] [email protected] 1 points 9 months ago (4 children)

But 90% tax means that $10MM becomes $1MM.

[–] [email protected] 21 points 9 months ago (1 children)

Progressive tax brackets. This hypothetical tax is only on money earned over 10M/1M.

[–] [email protected] 6 points 9 months ago

I was being as gracious as I could be to illustrate we could fix this if the wealthy in this country were not being SUCH FUCKERS.

[–] [email protected] 11 points 9 months ago

You appear to have missed the word "after."

[–] [email protected] 5 points 9 months ago (1 children)

Why does anyone need more than $10 million?

[–] [email protected] 5 points 9 months ago (1 children)

Why does anyone need over $9 million?

[–] [email protected] 5 points 9 months ago

They don't. But at some point, you throw the rich people a bone and tell them they can be rich, just not obscenely rich. I think $10 million is a good cap.

[–] [email protected] 3 points 9 months ago

Not in our current tax bracket world.

[–] [email protected] 7 points 9 months ago

Typically revolutions only occur when a significant number of elites defect from the current regime.

Large numbers of dissatisfied people need a Schelling Point to rally around and coordinate effectively.

Best bet for revolution right now seems to be for more elite colleges to start withholding degrees over this Israeli thing.

[–] [email protected] 6 points 9 months ago (1 children)

50% would be fine but it should apply to all income including investments, gifts, etc. maybe let inheritance be amoritized over 10 years or something.

[–] [email protected] 14 points 9 months ago (1 children)

100% death tax on all assets over $1m excluding a single house. That my final offer.

There's no justification for a birth lottery that awards democracy-warping levels of wealth to whoever had the evilest parents.

[–] [email protected] 7 points 9 months ago

I like this idea but it should be something like 5 to 40 million. Somewhere in there.

[–] [email protected] 2 points 9 months ago (1 children)

What unlinked productivity and wages in the first place?

[–] [email protected] 3 points 9 months ago (1 children)

If you answer this, you'll probably win a prestigious prize in economics.

[–] [email protected] 2 points 9 months ago

No I won't.

"It is difficult to get a man to understand something, when his salary depends on his not understanding it."

— Upton Sinclair

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