I saw this circulating around and thought it was an interesting read.

Some of these are horrendous, some are funny, and a few made me think “Hmm, maybe not a bad idea”

  • Rivalarrival@lemmy.today
    link
    fedilink
    English
    arrow-up
    8
    ·
    5 hours ago

    Shouldn’t be an amendment, but we should impose a “securities” tax to achieve something like the $1 million limit on personal wealth.

    An annual, 1% tax on stocks, bonds, mutual funds, and other financial instruments, payable in shares of that security. (Which will then be slowly liquidated on the open market, such that the liquidated shares never comprise more than 1% of traded volume in any given time period)

    The first $10 million directly held by a natural person are exempt from this tax.

    Wealth isn’t problematic in and of itself. The issue is when wealth is used primarily to purchase wealth-generating assets, rather than the products and services that generate wealth for workers.