• TransplantedSconie@lemm.ee
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    1 month ago

    How about we go back to the Eisenhower tax model:

    90% tax on income over 4 million a year

    And the capital gains tax before the Clinton era:

    I think it was something like 50% after a certain amount.

    Then we raise minimum wage to what it should be if it kept up with inflation:

    $28/hour

    Tax the fucking rich

    • Landless2029@lemmy.world
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      1 month ago

      Don’t forget what Japan does. Heavily tax inheritance (up to 55%). This also prevents diamond crusted platinum spoons being born. Source

      I respect that Bill gates is donating most of his wealth and only giving his kids $10m and not Billions like the other leeches. Source

      • Pheonixdown@lemm.ee
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        1 month ago

        Annual Wealth Tax 1% on total assets over 10M, additional 1% over 100M, additional 1% over 1B, etc etc. Raises along with inflation or something.

        • Ohmmy@lemmy.dbzer0.com
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          1 month ago

          As well as exponentially increasing taxes on private property. Owning more homes that you can occupy at a time should be prohibitively expensive and all the money collected via taxation of property should go towards housing those in need.