Re:All 500 of the world's top 500 supercomputers are running...
by njarboe on Thursday November 16, 2017 @12:01PM
(#15714287)
We don't have a tax on wealth in the US at the moment. Implement a tax on wealth with a 100% take over say 1 million? This would just be basically the nationalization of most of the companies and much of the real estate in the US. We could try communism/socialism at this scale, but it has not worked out well in other places it was tried.
Re:All 500 of the world's top 500 supercomputers are running...
by greymeister on Thursday November 16, 2017 @12:48PM
(#15714752)
> This would just be basically the nationalization of most of the companies and much of the real estate in the US. We could try communism/socialism at this scale, but it has not worked out well in other places it was tried.
That's the "ugly" part. And it gets really ugly.
Re:All 500 of the world's top 500 supercomputers are running...
by Dylan16807 on Thursday November 16, 2017 @03:19PM
(#15716207)
Yeah, nationalizing all companies would be ugly.
And has nothing to do with taxing personal wealth over 10 million (or other arbitrary big number).
The default option is putting it in the government budget. Seems obvious to me.
If we reach the point where this cap-tax is able to pay for the entire government by itself, and we still have extra, then we can worry about where the rest goes.
> Who enforces/regulates that people are only earning/saving what they are allowed?
The IRS.