MarkApr 19, 2024
Capitalism exactly as it is except:
1. Phase out inheritance. Bring tax to 100%, and have people nominate community body or state to receive estate. (This helps your kids more than your money unless you are wealthy.)
2. All transactions valued over €/$100k must be conducted in cash/commodities (no digital). Exemptions for primary place of residence and pension fund transactions. (Let billions be spent and not accumulated, and values fall.)
#capitalism
Show threadJonathan D. Cope, Esq.

@mark
The US Govt. needs to increase the estate tax and limit the financial vehicles used by the wealthy to avoid estate tax.

As for you other suggestion, I'm afraid it would bring our economy to a complete halt, unless that is your intention.

I would suggest a better remedy would be to supplant traditional capitalism with Commons Capitalism which spreads wealth throughout the community by distributing all net profit to employees through higher wages and benefits.

#CommonsCapitalismPrimer

Apr 19, 2024 at 1:20pmWeb
Show threadMarkApr 19, 2024

@Cirdan The first point wouldn’t. The second point would require some years notice and warning! 🙂

In reality, almost anything could be rolled in over 20 years.