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by nine_zeros
666 days ago
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> Okay, let's assume we take every last dollar from every billionaire in the U.S. regardless of the legality, feasibility, or morality. We now have $5.5 trillion dollars. This would be stupid. You collect money from the passive gains that are rising automatically. If the $1 billion grows automagically to $1.1 billion - that is $100 million earned without doing anything - just tax that $100 million at say 10% which will make their return $90 million instead of the $100 million. They will still end up with $1.09 billion but they also return some value to the rest of the society that is making them wealthy. Do this over and over for every concentrated billion in existence and keep funding social security deficits. |
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