[sschueller]

It's shows just how pointless it is to have this much money and only bad things come from it.

Tax anything above 1 billion at 100%. If that isn't realized gains do not allow them to borrow against it. No loop holes.

The US and others managed to set a global minimum coorperate tax so this is doable.

[papito]

100%? Really? Just take it all away? There must be a middle ground between the former 95% top rate and the current near-zero rate. Yes, no one paid the 95%, I realize - the loopholes have always existed.

The point is NOT to take all of your money away, but to force you to RE-INVEST the money into growth and your employees. Otherwise you are just inviting schemes like stock buybacks and dark money flow into Washington DC, to make all of that legal.

[sschueller]

Why not? No individual needs that kind of money.

I don't want billionaires running charities deciding who gets what. I want elected governments to do that. (yes I know the US government is wasteful and incompetent but not all governments are). The wealth these people have acquired is because of the public and the public should benefit from the excess.

[eddhead]

Do you really think he has that much liquid cash, and he physically lost $200 billion?

[sschueller]

Like I said, liquid or not, they can borrow against it tax free which in itself should be a crime.

[nullish_signal]

Don't deflate their victory over his loss of funny money