Sheryl WeikalA 1% annual wealth tax on billionaires in Illinois would, by itself, balance the budget.
A 2% wealth tax on billionaires would pay for universal single payer healthcare for everyone in Illinois.
Tax the billionaires.
Girl Lich 🏳️⚧️⚢💀@theleftistlawyer I am sorry, but this is a bad idea. We should tax things we want less of, but we should want more billionaire entrepreneurs
Nini@a @theleftistlawyer If anything has been proven those "billionaire entrepreneurs" are the things we have very little use for and that anyone having that amount of wealth is a failure state caused by lack of paying their way.
The burden of wealth is responsibility towards the societies that enabled your wealth. Failure to do so should mean ostracisation from society at least and being murdered on your lawn by your employees for wage theft at worst.
The wealth that billionaire entrepreneurs have is the evidence of their value to society- billionaire entrepreneurs capture a very small percentage of the consumer surplus that they create, which is the real contribution.
@a @theleftistlawyer It's evidence of a broken system that so much wealth is concentrated in so few hands. It also implies that this money was earned without exploitation of workers or without hiding income to pay a lowered tax rate if any. Nobody should have that amount of money, if you do then something very illegitimate happened and people have definitely died for you to have it.
If they're billionaires then there should be several millionaires under them if it's based on fair earnings with income being commensurate with created value, right? No immense gap between the highest paid, median paid and lowest paid employee under this system, correct?