Wealth caps. Worldwide.
Start at something reasonable, say 10 million
Anything over that goes 100% tot axes. Nobody has a “right” to more than that, nobody needs more than that. No, you don’t NEED three Lamborghini’s, you don’t need 20 houses.
Keep everything else the same, just a single rule to make a huge difference
Governments now will have enough income to fund a huge social net with free education, free healthcare, universal income so that people can spend money to keep the economy running
People now can choose to do some of the little work left.
On a side note: fuck these AI clowns for focussing on AI on exactly those tasks that make life worth living instead of focussing on the mundane shit tasks that nobody wants to do. Garbage collection still requires humans yet these shit stains claim that art andusic is now covered. Yay! Now we have shitty AI art and shitty jobs!
you don’t even need that. If you have more brackets and keep going up in percentages and tax every type of income including investments in progressive way then you will get to a point where its just to hard to make more than say 10 million. We basically had this. When we had tax brackets that went up to 95% and only 40% for investment and that limited wealth quite a bit. Rates need to be the same regardless of source be it inheritance, lottery winnings, wages, or investments. Heck im fine with not paying taxes on things if you legally lock it up so it can’t be sold. still have to pay any income it creates year to year but can’t sell it or transfer it in any way. combine this with a 1% tax on all buying and selling which would be a massive reduction for most purchases but would be a vast increase for stock and bond trading. would completely clear out short term trading.
Agreed. The promise of AI when I was younger (80s 90s) was it would do all the jobs no one wanted and we as humans could focus on arts, entertainment, and leisure. Somehow along the way those got crossed.
It’s not that hard
Wealth caps. Worldwide. Start at something reasonable, say 10 million
Anything over that goes 100% tot axes. Nobody has a “right” to more than that, nobody needs more than that. No, you don’t NEED three Lamborghini’s, you don’t need 20 houses.
Keep everything else the same, just a single rule to make a huge difference
Governments now will have enough income to fund a huge social net with free education, free healthcare, universal income so that people can spend money to keep the economy running
People now can choose to do some of the little work left.
On a side note: fuck these AI clowns for focussing on AI on exactly those tasks that make life worth living instead of focussing on the mundane shit tasks that nobody wants to do. Garbage collection still requires humans yet these shit stains claim that art andusic is now covered. Yay! Now we have shitty AI art and shitty jobs!
you don’t even need that. If you have more brackets and keep going up in percentages and tax every type of income including investments in progressive way then you will get to a point where its just to hard to make more than say 10 million. We basically had this. When we had tax brackets that went up to 95% and only 40% for investment and that limited wealth quite a bit. Rates need to be the same regardless of source be it inheritance, lottery winnings, wages, or investments. Heck im fine with not paying taxes on things if you legally lock it up so it can’t be sold. still have to pay any income it creates year to year but can’t sell it or transfer it in any way. combine this with a 1% tax on all buying and selling which would be a massive reduction for most purchases but would be a vast increase for stock and bond trading. would completely clear out short term trading.
Agreed. The promise of AI when I was younger (80s 90s) was it would do all the jobs no one wanted and we as humans could focus on arts, entertainment, and leisure. Somehow along the way those got crossed.