this post was submitted on 12 Oct 2024
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How would that work with inflation / deflation I wonder, you hit the limit, can't make anymore, you retire, all is well. Then what, you need to get rid of 5% of your wealth? How do you define the limit, dollars in X year? Why that arbitrary amount?
A progressive wealth tax with the final bracket being 100% at $24.4 million.
I seriously support this
We make minimum wage an arbitrary amount untied to inflation. This would be the same.
Tie it to inflation, set the number high enough to maintain an upscale property and life for 100 years (that way babies inheriting money won't suffer), and enforce it via military strikes on offenders and their families.