this post was submitted on 27 May 2026
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We are so far past "taxing" them. They need to be stripped of their wealth completely, not lose some extra 5% on the next haul.
You can tax their existing wealth. For example an annual tax for the average wealth you held for the past year for people whose wealth exceeds a total 250 million in all assets
At this point we need to tax their wealth at a rate of like 90% or higher. Any laws that pass with the word "tax" in it is not going to go close to that number. We need to use harsher vocabulary and treat it as the crime it is imo.
Agreed. From ~1930 to the mid 60s, we were taxing almost everything over a certain amount (90+ %). In addition, corporate tax rates were significantly higher.
Besides the point really, we need a plutocrat tax/wealth tax, not income tax reform. It's one of the few direct methods to redistribute the wealth theyve extracted from the 99% and decrease inequality.
Tax wealth, not workers!
This was actually the norm during the so-called “golden age of capitalism” in the US funnily enough. The higher margins of the wealthy were taxed upwards of 90% and what do you know, it led to prosperity.
The massive problem with that is that they'll just move to a country that taxes them less.
The country wins by getting some of their money, the billionaire wins by keeping most of their money, everyone else from their original country gets fucked
You see, that's being said all the time as a counter-argument. But it has been proven to be untrue. First of all, there are exit taxes in most countries, the USA is pretty gung-ho on that for example. Also, the rich are also just people, that have families and friends. They won't move just because they pay a bit more in taxes. People are lazy and like the environment they're used to. Bonus if they have kids that don't want to leave their friends behind. Lastly, where to move to? Many of the EU countries are the countries with the best living conditions world wide. Granted some of the criteria like accessibility and affordability don't apply to the rich, but freedom of speech, general freedom, state of infrastructure, crime etc. mostly apply to them as well. And there are very few countries in the world that can match. Those that do are also expensive and or far away or have other issues.
Fair points.
That is no problem at all! Get those motherfuckers out of the country if they are just going to suck it dry.
That’s fine, let them extract the wealth of other countries until they learn their lesson. They don’t add value to society, that does not equate to a loss. It would be ridding ourselves of economic robbers.
That’s the same logic as saying “if we kick the snake oil grifter out of our town then he’ll just go to the next one!” Good, maybe they’ll kill him after they figure out he’s just a thief since we didn’t have the gumption.
Nah that's not the same. Take lessons from history. Get the money back while you can.
I say kill them, especially the billionaires who are also chuds, then tax the surviving billionaires
It's going to come to that sooner than we think.
I thought this years events would have done it, but people are still waiting
Or nothing will change for the better because we engage in this childish and now apparently murderous nonsense online instead of doing anything practical.
Yep, and sanity like what you just said gets downmodded more than upmodded. It's like there are only children here.
The people who talk openly about murdering us with their policies, budget proposals, and lunatic campaign funding are having people talk about murdering them!
O' the humanity!
Fantasizing about killing billionaires is cringe because it almost never leads to anything practical. Actions speak louder than words
Close the "earn, loan, die" loophole to avoid taxes on unrealized gains. If you list an asset as collateral for a loan, then it is immediately taxable as if it were the same value.
Also, every year, we should redistribute 50% of the wealth of the richest person in the country. You get a ticker-tape parade, a nice statue, and the honor of knowing that you are helping millions of people without making any impact on your lavish lifestyle.
There are a lot more things we can do, but I feel like these would be two pretty easy starting places to curb the billionaire problem.
Oh, and we should also make it so that private equity and investors are paid LAST in a bankruptcy. Tired of good companies being bought ransacked, and folded so a billionaire can make a few mil from robbing employee pensions, shortchanging contractors and stiffing suppliers.
How about 95% on everything beyond 10 Million?
Ridiculous overreach. Perhaps if you really want a wealth tax, take a look at existing systems like Norway and Switzerland and suggest something along those lines. The percentages are in the 0.5-1.5% range.
I'm for consumption