The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined $10 trillion net worth.
Agreed. And I amend my statement. If rich people want to live the high life with all of their money in Tehran or Pyongyang and not have to worry about pesky old taxes, don’t let me stop you. Most other places? Tax them at 99.99% at a certain level. All of their assets.
It should simply not be legal anywhere to hold more money than you could possibly spend in your lifetime.
Similarly, much like there is a minimum wage (at least in the U.S.), there should be a maximum wage. And that would include stock options.
The middle class gets a wealth tax, but the top people don’t. Freaking wealth tax above <whatever>. This current state of affairs is ridiculous.
Agreed. And I amend my statement. If rich people want to live the high life with all of their money in Tehran or Pyongyang and not have to worry about pesky old taxes, don’t let me stop you. Most other places? Tax them at 99.99% at a certain level. All of their assets.