this post was submitted on 04 Mar 2025
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We need to wipe them from existence.
Let every nation have a maximum wealth cap. 1000x the median national household income. Anything else is taxed at 100%. This cap in the US would be about $80 million today.
But if you're somehow in flagrant violation of this limit? If your wealth is the equivalent of over one billion 2025 dollars? Unless you quickly earn a multi-billion fortune and immediate give it away or spend it, having a net worth over $1 billion will be a felony. It will be a capital offense. Oh you're secretly billionaire, having hid your vast illegal fortune from the IRS? You are guilty of trying to amass a geopolitically-significant level of wealth. We're going to treat this as seriously as we would someone who attempts to build their own personal nuclear weapons. Really, you are guilty of a form of treason. Except instead of aiding a foreign nation, you were trying to become a threat to your nation yourself. And the traditional penalty for treason will be applied.
This is the world we could have. We could, if we wanted it badly enough, simply make being a billionaire a capital offense. Force them to give away or spend most everything they have. Either way, given or spent, wealth is distributed enough so that no individual can threaten the nation through their own personal wealth.
It is time we wiped billionaires off the face of the Earth. No individual should ever be allowed to become so wealthy that they become a threat to nation states.
You realize that a single grocery store with all of its stock is likely already worth more than 1000x median income? Who does the grocery have to be sold to to pay your 100% tax?
This really shows how little you actually understand about money. Let’s say this hypothetical played out. Where do you realistically think these taxes will end up? What do you think an economically monopolistic and highly supercharged government will get you? What will happen to the quality and ubiquity of goods and services available to you?
Not op, and any Marxist feel free to step in, but 100% tax is technically communism. And I mean full final stage communism where money no longer exists. If income is taxed at 100%, then money no longer needs to exist since.. well you never really see it. The tax is spent on everything. You work if you can and everything that can be, is provided for you. Purely from an economic point of view. This is though an ideal and something that would need to be worked towards over long periods of time.
I'm a full on no money commie. To me any society that has money is capitalist, doesn't matter what happens to it, it's a capitalist society once you introduce money to it. I propose a gift economy. It is the first economy recorded and is how humans should be living. We just give people what they need, not expectining anything in r eturn. No money, no bartering system. We just give anyone what they need. The gift econmmy is so engrained in human life and we do a little even when in a captalist society. Ever explained the rules to a boardgame? I imagine you did that for free, asking for nothing in return, gift economy. Helped a family member with tech support, you did that for free, asking for nothing in return. Even writing a internet comment, you likely did that for free and a lot of internet comments are written because someone asked a question, you're helping them for nothing in return. We need to get to the gift economy.
How do you determine who gets what they need when a given resource becomes scarce? Everything is finite. Human greed is also real. Do you just take someone at their word that they're desperate for something when they may not be?
Human greed is a problem of capitalism because it makes competition out of humanity. We can still track what people have in the gift economy. If everyone gets what they need, then there will be no greed at all and more sustainable lifestyles will be lived. Most scarcity in the world is fabricated in order to drive up the value of goods in a profit driven system like capitalism. In the case of actual scarcity in the gift economy, we would simply go on need, who needs these resources the most? Anyone that doesn't need whatever resources wouldn't be asking for them in the gift economy.