this post was submitted on 17 Jul 2025
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[–] Showroom7561@lemmy.ca 4 points 4 hours ago (1 children)

$10,000,001+: Taxes increase by 10% per $10,000,000 earned to a cap of 80%

You are too kind.

Because wealth hoarders would still make HUNDREDS OF MILLIONS, even if you taxed 80%.

The tax rate should be 100% past a certain amount of wealth. We should de-incentivize wealth hoarding, and encourage people to retire once they've made enough to sustain their family for a lifetime. If they choose to keep working, it should basically be volunteer work after a certain point, and wealth should be redistributed back to everyone else.

If we put a hard cap on wealth, everyone would be in a position to retire young and not struggle through their entire life. This is what we should be striving for.

[–] Arkouda@lemmy.ca 1 points 4 hours ago (1 children)

If someone can make hundreds of millions of dollars while being taxed at 80% (Or 2 million net earned per 10 million gross gained at the top of my 5 minute tax structure) they either cheated and should be dealt with appropriately, or deserve it for never sleeping.

[–] Showroom7561@lemmy.ca 1 points 8 minutes ago

Cheated, stolen it, and had other people break their bodies to "earn" it.

We're about to see trillionaires in our lifetime, which is obscene. Cap wealth so the hoarding can stop.