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Palantir CEO, With a Straight Face, Warns That Wealth Tax Will Cause Mass Surveillance (futurism.com)

submitted 1 day ago by RockBottom@feddit.org to c/nottheonion@lemmy.world

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[–] boonhet@sopuli.xyz -4 points 1 day ago (2 children)

Up to 50 million at 0%? That leaves most of the wealth in the country untaxed.

Wealth tax should start at about 5 million, indexed to median income. It should get pretty heavy before 100 million. Otherwise what's the point? The billionaires as a class don't own shit, there aren't that many of them. Millionaires (mostly baby boomers) own everything.

[–] VAK@lemmy.world 4 points 1 day ago

Somewhere between 10M and 100M, you get infinitely wealthy - which is what I call when you and your descendants can have a comfortable lifestyle from low risk bonds forever. I want the wealth tax to be the tool to remove such a situation.

[–] AmyAye@nord.pub 1 points 23 hours ago

It's an example, personally, I think anything over 10 million should be taxed at 100%