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General Discussion

patphil

(9,137 posts)

10. We need a wealth tax.

Reply to True Dough (Original post)

Sat Apr 11, 2026, 06:54 PM

Apr 11

A one time tax on all wealth over say, 300 million. It should be graduated based on overall wealth.
People like Musk, Thiel, Bezos, Zuckerberg, and others of the ultra rich class should pay at least 1/3 of their net worth.
Of course "one time" means whenever it gets to a point where we need to make a correction.
Personally, I'd like to outlaw billionaires. If you've got that much, you need to give the excess to charities...not of their making, but legitimate charities. They don't get to decide what the charities are.

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9 members have recommended this reply (displayed in chronological order):

Joinfortmill True Dough Wednesdays Golfnbrew still-prayin4rain MrsCheaplaugh raging moderate Hey Joe southmost

28 replies

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Highlight:

America's downward spiral summed up in a few sentences... [View all] True Dough Apr 11 OP

If a U.S. citizens dies in 2026, the fair market value of all assets at the date of death, less liabilities.. surfered Apr 11 #1

It isn't always that simple ToxMarz Apr 11 #3

You've nailed it FakeNoose Apr 11 #4

Exactly and to add FHRRK1 Apr 11 #8

Then they pass the debt on to the heirs as well surfered Apr 11 #18

Yes that's the point, it is cheaper for them to live on borrowed money than pay their fair share of taxes. ToxMarz Apr 11 #19

of wealthy PUBLIKKKLAN, by the WEALTHY PUBLIKKKLANS, FOR the wealthy publikklans. pansypoo53219 Apr 11 #2

Correction. SergeStorms Apr 11 #6

Sounds like a great idea LilElf70 Apr 11 #5

Greed is destroying American society. Aussie105 Apr 11 #7

One of my aunts used to sum up that attitude as wnylib Apr 11 #11

"I'm not greedy..I. just want more than my fair share." BattleRow Apr 11 #14

It doesn't have to be that way. Congress could fix all that if we demanded they do it. flashman13 Apr 11 #9

No they would not Alpeduez21 Apr 11 #12

I'm not sure how to reply. I guess you are advocating we sit on our ass and do nothing because flashman13 Apr 11 #17

Congress could fix it if our elected representatives were not beholden to Big Money interests who fund their campaigns. sop Apr 12 #22

We need a wealth tax. patphil Apr 11 #10

"Outlaw billionaires" Seinan Sensei Apr 12 #21

Recommended (#99) H2O Man Apr 11 #13

Do they pay back the loans? nt. druidity33 Apr 11 #15

Kinda, sorta. Close enough. Joinfortmill Apr 11 #16

Where do they get the money to make the loan payments? rickford66 Apr 12 #20

Maybe a dumb question, but: moose65 Apr 12 #23

Exactly. Richard58 Apr 12 #25

So exactly how does the scam work? Lokee11 Apr 12 #24

It's basically borrowing from peter to pay paul. ihaveaquestion Apr 12 #26

It's more than that. The rich also engage in Glaisne Apr 12 #27

Kick dalton99a Apr 12 #28

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