@[email protected] to [email protected] • edit-22 years ago[Serious] The revolution was successful! The old government is gone. You get to help write the new Constitution. What do you put into it?message-square333fedilinkarrow-up1180
arrow-up1180message-square[Serious] The revolution was successful! The old government is gone. You get to help write the new Constitution. What do you put into it?@[email protected] to [email protected] • edit-22 years agomessage-square333fedilink
minus-square@[email protected]linkfedilink22•2 years agoAll income over $10m per year is taxed at 100%. Foreign and domestic put together.
minus-square@[email protected]linkfedilinkEnglish23•2 years agoI get where you are going but it would make more sense to be based on a percentage above a living wage or something like that. In 100 years 10 million will be worth a lot less than today.
minus-square@[email protected]linkfedilink19•2 years agoMaybe start it at 10m and index link it to the average wage thereafter. Make it in their own interests to boost everyone’s wages.
minus-square@[email protected]linkfedilink3•2 years agoMake sure it’s the median wage rather than the mean wage, otherwise they can just hugely increase wages for a few outliers.
minus-square@[email protected]linkfedilink11•2 years agoThat would get rid of inflation really fast as billionaires try to figure out how to deflate the currency.
minus-square@[email protected]linkfedilink4•2 years agoI don’t think the billionaires survived the initial premise of this thought experiment.
minus-square@[email protected]linkfedilinkEnglish1•2 years agoThey will just move their companies in other countries, as they do now.
All income over $10m per year is taxed at 100%. Foreign and domestic put together.
I get where you are going but it would make more sense to be based on a percentage above a living wage or something like that. In 100 years 10 million will be worth a lot less than today.
Maybe start it at 10m and index link it to the average wage thereafter. Make it in their own interests to boost everyone’s wages.
I like that idea!
Make sure it’s the median wage rather than the mean wage, otherwise they can just hugely increase wages for a few outliers.
That would get rid of inflation really fast as billionaires try to figure out how to deflate the currency.
I don’t think the billionaires survived the initial premise of this thought experiment.
I don’t have a problem with that
They will just move their companies in other countries, as they do now.