Tax billionaires until there are no more billionaires

It’s really insane that we legally treat the tenth billion dollars at the same level as a working persons house or car.

Everything is legally just “property”.

No, fuck that.

The law should protect the first million of every citizen with ferver. (and when we tackle wealth inequality, most people will have this level of wealth at the end of their working life. The fact that most currently don’t is due to inequality. )

Up until 100 million, it should be taxed at a reasonable level. Because at some level, it’s fair that people prefer watching Taylor Swift instead of me sing on a stage.

Above that it should be taxed heavily.

And above a billion, it should be just confiscated. As in, oopsie, our system malfunctioned, you weren’t supposed to end up with more wealth than what a thousand normal people would save up after a whole lifetime of work, so we are taking it back.

The problem is that this wealth is ownership in companies they made. If you start a company and it becomes too successful, Is it right that we really just forcefully take that ownership away from you? Who wants to start a company in a country that takes away your company from you if it’s too successful?

“I won’t start a company because it may be worth over a billion one day and that would only leave me with hundreds of millions of dollars. That doesn’t seem worthwhile,” thought no one ever in your hypothetical.

No, it’s more like

" why start a company when if it becomes too successful it will literally be taken away from me for being too successful". I don’t believe we should be taking away businesses from business owners, do you?

Or maybe you’re the successful owner and you reward the people that made you successful with a larger portion of that success?