this post was submitted on 12 Oct 2024
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I saw this circulating around and thought it was an interesting read.

Some of these are horrendous, some are funny, and a few made me think "Hmm, maybe not a bad idea"

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[โ€“] spankmonkey@lemmy.world 3 points 1 month ago (1 children)

If I someone hits the $1 mark, they would probably be able to spend/transfer the excess to their children and relatives, and all kinds of shenanigans. It isn't a terrible idea, but it would require some complex regulations to avoid it being yet another way for the wealthy to spend money to influence things.

High tax rates had the same intended outcome by encouraging them to keep their money in growing businesses and employees reaped the benefits in the 50s and 60s.

[โ€“] Dasus@lemmy.world 10 points 1 month ago (1 children)

to spend/transfer the excess to their children and relatives, and all kinds of shenanigans

Sharing wealth to people who might also do the same once they end up millionaire? Doesn't sound too bad, especially if any of those wealth transfers were taxed even slightly.

Honestly, there's nothing wrong with the current system we have except for letting the rich people keep pretty much everything.

Imbalanced game state, rich people OP. Nerf that and shit will be gucci

[โ€“] spankmonkey@lemmy.world 3 points 1 month ago

Higher taxes on high incomes and wealth is better though.