this post was submitted on 26 Feb 2025
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Canada
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If this guy has the Canadian citizenship, would it be possible to enact a tax for Canadian billionaires intriguing against Canada? Just an idea.
Or just a 99% tax on all wealth over, say, 1bn, belonging to any Canadian citizen regardless of residence. The problem will thus solve itself.
100% tax on anything over 50 million in net worth
Nobody needs more than that, ever
Sounds great, but they'll find ways around it.
Make a micro-company where they're the sole employee, and claim any purchase as a business expense.
"For security purposes, the business absolutely requires a 17th mansion to accomodate any employee/s while they reside in New Zealand."