This should be a thing...

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I think you'll find those who are worth more that a billion don't usually have excess money. They just have assets worth the sum of billions. In fact there is only approx $5T in circulation and $75T total in the world. But the millionaires and billionaires collectively have a net worth of approx $165T. That's because their net worth comes from things other than money.

Dolimyte · 41-45, M

@Qwerty14 it would more realisticly be an exponential tax on income, not a cap on liquid assets. It would encourage investment into the economy insted of cycling through the pockets of the superwealthy and deadending in a horde of valuable resources that are only ever accessed by other wealthy people through inheritance or with ridiculous amounts of money. At what point does that stuff trickle down?

Qwerty14

@Dolimyte Trickle down economics is a sham rich people tell idiots lol but you can't base it on income. The rich just avoid making it look like they got paid a lot or use off shore accounts. Only way to guarantee you get the rich to pay is to take it directly from them

Dolimyte · 41-45, M

@Qwerty14 what? How do you propose getting money they are hiding so well?

Qwerty14

@Dolimyte You slap the tariffs on everything the rich invest the money in. Stocks, banks, properties, companies. Anything that they put the money into that the 90% often don't, or can't, invest in.

Dolimyte · 41-45, M

@Qwerty14 they'll just use shell companies in Panama to do it.