General Discussion
In reply to the discussion: No one in the world should have a net worth of a billion dollars. No one. [View all]hunter
(38,264 posts)Nobody should be so wealthy that they can buy and control our democracy.
Taxes should be near zero at minimum living wages and near 100% on income some multiple of that minimum living wage; I would propose a multiple of less than twenty. If minimum wage is $100 a day than maximum possible income is $2000 a day. If minimum wealth is fully owning a $50,000 house and a small hunting cabin by the time you retire, than maximum wealth might be owning a million dollar house and a fancy beach condo somewhere.
The wealthiest people would live in the same neighborhoods as their employees, and send their kids to the same schools. They'd have a stake in the world as they've made it; they would not be insulated from the damage they do to society.
That's right, a Bill Gates might have the biggest house in town, the fanciest cars, maybe a couple of vacation homes, but the guy who cleans the corporate bathrooms has a pretty comfortable home too and his kids attend the same schools, colleges, and universities, and everyone shops in the same places.