The top 1% of Americans now control one-third of all U.S. net worth as inflation erodes purchasing power and the Federal Reserve’s first rate hike since 2023 pushes borrowing costs higher. Top 1% Hold $60.3 Trillion, Bottom 50% Hold $4.3...

We should have a global Land Value Tax on the top 1%.

    • fonix232@fedia.io
      22·
      2 days ago

      Once you hit 1 billion, everything above should be taxed at 100%, period.

      You can get a nice plaque “won capitalism”, and the rest of the wealth gets redistributed to the bottom 10-20%.

      • Flatulent69Iguana@lemmy.world
        1·
        23 hours ago

        That won’t work they will redistrbute wealth so they never reach the billion (bitcoin,pension funds, offshore and other loopholes), it has to be levels of taxation along the way. And other regulation to close loopholes.