With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
Also capital gains tax should be based on total net worth. So if fElon sells some stock, his capital gains tax is based on his obscene net worth.
That makes no sense. Then what happens when the market crashes, tax rebates?
Just eliminate this loop hole of borrowing against stock values tax free. It just encourages hording and increasing wealth with no taxation.
Or tax funds borrowed at ultra-low rates against unrealized capital gains as collateral. If you can spend it, it’s income.