If someone can give away 99% of their hoarded wealth, and still be a MULTI BILLIONAIRE, you know that the global community needs to come together and put caps on personal wealth. Taxing them isn’t enough.
Not all wealth is a problem. His yachts and their maintenance isn’t actually the problem here: that money was spent. That money put shipbuilders and maintainers to work. The assets he gets from spending isn’t the problem.
The problem is his registered securities: his stocks, bonds, and other financial assets. These assets aren’t just wealth. They generate wealth by taking it from the working class.
What we need is a tax on all registered securities. We will exempt the first $10 million held by a natural person. This tax is payable in shares of the security. IRS liquidators will offer these shares in small lots, comprising no more than 1% of total traded volume. This minimizes the effect of the sale of these shares on their value.
The only way to keep those shares untaxed is for a natural person to hold them. They will have greater value in the hands of the working class than the ultra-rich. This tax structure will shift ownership of companies toward the working class.
Every McDonald’s employee should be compensated, in part, with shares in the company.
Philanthropist? More like Philanthrapist, amiright?
This isn’t “vomit-inducing”, it’s rage-inducing.
If someone can give away 99% of their hoarded wealth, and still be a MULTI BILLIONAIRE, you know that the global community needs to come together and put caps on personal wealth. Taxing them isn’t enough.
Not all wealth is a problem. His yachts and their maintenance isn’t actually the problem here: that money was spent. That money put shipbuilders and maintainers to work. The assets he gets from spending isn’t the problem.
The problem is his registered securities: his stocks, bonds, and other financial assets. These assets aren’t just wealth. They generate wealth by taking it from the working class.
What we need is a tax on all registered securities. We will exempt the first $10 million held by a natural person. This tax is payable in shares of the security. IRS liquidators will offer these shares in small lots, comprising no more than 1% of total traded volume. This minimizes the effect of the sale of these shares on their value.
The only way to keep those shares untaxed is for a natural person to hold them. They will have greater value in the hands of the working class than the ultra-rich. This tax structure will shift ownership of companies toward the working class.
Every McDonald’s employee should be compensated, in part, with shares in the company.