this post was submitted on 08 May 2025
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Microblog Memes

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stability rule (discuss.tchncs.de)
submitted 1 day ago by [email protected] to c/[email protected]
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[–] [email protected] 3 points 1 day ago

My idea is to implement a wealth tax rate of 3% on everything above an exempt amount of $10 million, that is to be paid annually.

Not enough. Their fortunes need to actually shrink when above a certain amount. 7%+ is where we need to be to even counter their annual growth.

Accumulating that much wealth isn't just bad because it's unfair, it's bad because it gives them so much influence in politics, economy and society which damages Democracy and markets.