With bullets. On all of them.

It’s actually easy if you think about it.

Rich people love comparing their wealth to others, so they can feel better about themselves. So we know quite precisely how much each billionaire is worth, cause they really like measuring those dicks.

Anyways, we can use this against them. You just tax the wealth. Not the income. Not the surplus or the profit. You tax the wealth.

For instance, during the Danish election, there were some parties who proposed the idea of a wealth tax such that all wealth above, say 30 million DKK would be taxed by 0.5% to 1% (depends what party you ask) every year. Someone worth 100 million Danish kroner would therefore need to pay 70*0.01 million or 700.000 kroner in taxes every year.

You could do more than 1% and 30 million for billionaires if you ask me.

outlaw wealth at 10x median, same way they have civil forfeiture for drug crimes in the US.

There are two loopholes to close:

1. Capital gains taxes - income is income, not one guy pays 50% less tax than another based on how the money is defined. ie. plumber pays 45% taxes but if a guy invests in a plumbing shop, he only pays 30% or less. And for no good reason, hedge fund managers only pay CGT. Get rid of CGT and make lower income taxes.

2. Borrowing money against stock values -this is a huge form of tax evasion.

3, heavily tax any money taken offshore.

Set up a flat tax to close to 40%.

Can be paired with an automatic credit for around half of the poverty line.

Tax=(income × 0.40) - (poverty / 2)

The poor people get a negative income tax, while the people who earn more pay more.

No capital gains or any other loophole.

Listen the IRS has routinely made clear that every time it’s forensic accountants get to sink their teeth into a billionaires financials, the return on that effort is enormous. Don’t ask “how are going to tax billionaires,” first demand that they actually BE taxed.

We’ll figure it out later, man. Realistically, just have a team of specialists that focuses solely on the ultra-wealthy, and then let “unrealized gains” be taxed if they were ever used as collateral for a loan.

In several different ways. The trick is to attack the problem of excessive wealth accumulation by making the system feed more aggressively on accumulated wealth.

A wealth tax is important to prevent the excess accumulation of capital. Money is only really working if it’s in motion. Once it stops moving it stops adding value to the economy which is fine sometimes and in small amounts.

Tax disuse. Vacant real estate should be taxed extra. If they don’t want it taxed it should be actively used in a non-extractive way. This means low impact agriculture, preservation, or occupancy not mining, dumping or logging.

Tax non-resident ownership. You can own as many houses as you want but each additional one beyond your primary residence is going to incur a scaling tax penalty. Two probably would be manageable Three would be difficult once you get to four and five houses you’re going to find it extremely difficult to make any money. And the scaling tax penalty would apply to the most expensive one first.

If they’re extracting resources from it or doing heavy agriculture they should be paying a premium and not externalizing wastes. They could be taxed to ensure compliance and enforcement is adequate. They should also be taxed in advance to fund potential cleanup of any toxic or environmental hazards. The money can be held in escrow but it needs to not be held by the same people who have a financial incentive to cut corners.

See I don’t actually believe the problem is rich people or income inequality broadly it’s the runaway effect of the accumulation of wealth in the absence of any kind of functional theory about how money is supposed to actually work in the economy.

There are people that are going to just work like crazy people and they will in any fair system acquire more resources than most other people.

I think in a fair system the people who are likely to end up with more resources would look very different than the people who end up with more resources in our systems.

Something people don’t often understand about American dollars and American taxes is that the function of the government’s tax policy is not to pay its bills. Our government doesn’t need taxes to pay its bills. The function of the government collecting taxes is to delete money from the system.
They need to be deleting money from the places where there’s too much of it. Otherwise that money crowds out legitimate money that is the representative of economic value produced through labor. If labor has no voice, then the economy stops functioning.

Land value tax and unrealized capital gains tax.

I wouldn’t tax rich in any special way.

I’d get rid of all income taxes, and tax the shit out of luxury good consumption

Like the French.

almost forgot… global corporation tax

there is no escape for weather hidden in companies and transferred around the world to avoid taxation

the current global corporation tax just the first step of destroying tax havens

Tax things they can’t move like land and only things they pay for like jets, yachts, art…

At gunpoint.

The biggest loophole they use is taking out loans and using stock as collateral. Stock is supposed to be unrealized so if it is used as part of ANY transaction it should instantly become taxable.

Take all of it every year. They are claiming that they are smartest people on this planet so they figure something out.