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A comment on Singh proposes corporate tax hike tied to CEO-worker pay gap. Parent comment
We can absolutely have surtaxes on personal wealth that effectively limit people to a billion dollars.
We could for example have a 100% surtax on building a superyacht or buying an island in Hawaii or any political donations above $50,000.
These taxes could then just offset payroll and income taxes for lower wage citizens. Pure redistribution, tied to work.
Taxing superyachts isn't Cambodia.
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We can absolutely have surtaxes on personal wealth that effectively limit people to a billion dollars.
We could for example have a 100% surtax on building a superyacht or buying an island in Hawaii or any political donations above $50,000.
These taxes could then just offset payroll and income taxes for lower wage citizens. Pure redistribution, tied to work.
Taxing superyachts isn't Cambodia.