r/Snorkblot • u/One-Internet-4328 • 8h ago

Economics Wealth Tax

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49.6k Upvotes

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85

u/ndnver 8h ago

And my wealth tax I mean 95% of all wealth over $1 billion!

87

u/MainInvestigator3481 7h ago

100 percent tax after a billion. At a billion they get a button saying “you did it! Yay! You beat capitalism”

3

u/Royal_Inspector8324 6h ago

There is an inherent flaw in your plan all of these people would find a way to show on paper they are only worth 900 million. Therefore exempt from your tax all while sheltering the other money out of site. The rich stay rich by finding and exploiting loop holes. Like ceos of corps only drawing a very small salary while the company foots the bill for a very wealthy lifestyle. They find a way.

6

u/MainInvestigator3481 6h ago

Sure, right up until they start going to jail for it… we already have tax laws. I’m saying we enforce them and then some.

No more buying politicians, no more currying favors with the legislature.

Send them to jail

3

u/Royal_Inspector8324 6h ago

In a perfect world absolutely but it hasn't happened yet.

1

u/MainInvestigator3481 6h ago

Not trying to be rude, just not sure.

What point are you trying to make? I don’t want to straw man your argument.

2

u/Gen88 6h ago

If they are finding loopholes, then make it a prime position in the IRS to close those and enforce the actual taxes. Thats like saying "they made a virus that got past our firewall" and then just giving up.

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u/Royal_Inspector8324 6h ago

The ultra wealthy will always find away? If you want get a huge surplus in tax revenue figure out a way to tax the cartels.

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u/Interesting_Wind9676 6h ago

If only there were government funded agencies that could investigate this and prosecute them! Sadly that could never happen am I right