Assuming billionaires were going to get a special tax, how would you actually determine how much to tax them? Sure some would be straightforward like Musk where it’s entirely derived from a few companies with known ownership stakes, but what about all the others?
We don’t even know the names of most of the billionaires. With all the games they can play to hide money, now made even easier thanks to the changes Trump made in his first few months, how would you even figure out who and what amount to tax? They don’t have a normal salary or easily documented income like everyone else.
There’s just an upper limit on what any one person can own.
Ten houses, one private airplane, one yacht, and $100 million worth of ‘stuff.’
No more than 1% of any company.
That’s just off the top of my head for discussion. Feel free to jiggle with the numbers.
No more than 1% of any company doesn’t sound reasonable. Imagine creating a company and only being allowed to own 1%. Heck, if you just made a company who even are you going to sell the other 99% to?
This is the rate for billionaires.