We can explore the scenario of having 101 tax brackets based on an income ratio of 1 to 15. The tax system begins at an annual income of 30,000, where no tax is applied. For every additional 4,242 earned, the tax rate increases by 1%. At the maximum income of 450,000, the last bracket is taxed at 99%, and any amount over that is taxed at 100%. Thus, an individual earning 450,000 would face an approximate cumulative tax rate of 47%. #ChangeIdeas #politics #taxes #taxtherich #incomeinequality

People with wealth,  power, and status do not give up peacefully. They have resources to suppress early calls for #equity. Because of early successes, #suppression is pursued with greater confidence. But the underlying process of rising #inequity continues. Pressure for change increases until it can not be suppressed. The leveling of income and wealth inequity is usually a time of #unrest, #instability, and violence. A #goodsociety must learn from the mistakes of past failed societies.

The increasing income and wealth #inequality lead to #societalcollapse, repeating throughout #history. After periods of stability and generational shifts, the rich once again take more of society's wealth. Unchecked, inequality grows over generations, breaking the #socialcontract as people struggle to maintain #livingstandards due to hoarding. This cycle leads to widespread violence. The challenge is to break this cycle for a society with a balanced level of inequality. https://youtu.be/X_1RhEx5wUE

Progressive tax rates and related laws should be constitutionally entrenched to prevent easy changes due to government influence by #specialinterests seeking tax reductions. Wealthy individuals supporting #politicalparties to lower their #taxes should face mandatory sentencing based on their income or wealth, with repeat offenders facing escalating penalties. Changes to the #taxcode should be subject to national a #referendum to maintain tax stability and prevent capture by special interests.

The widening income and wealth #inequality can lead to #socialunrest and conflicts. These countries struggle with stability, resilience, and unity. Neglecting a significant portion of the population results in desperation, #disillusionment, #rebellions, and violence. #classconsciousness increases, with workers turning to #socialism or #communism, and the wealthy supporting #fascism to maintain their privileged position on top of #capitalist hierarchies. https://youtu.be/X_1RhEx5wUE

Limited opportunities and rising living costs erode public trust. Middle class diminishes, poor get poorer, wealthy amass more. Affluent prioritize their interests, fueling political division to suppress class awareness. #endstagecapitalism is time-limited.

Without intervention, income and wealth #inequality worsens over time. Rich accumulate assets, leading to wealth concentration, formation of #oligopolies and #monopolies, a #costoflivingcrisis, and extreme disparities between rich and poor. This is #latestagecapitalism

#Legal #structures must be carefully set up to #defend the #workers and #enterprise. Consult some good #lawyers and some good #accountants to help you set up a suitable #organizational #structure. Watch now: https://youtu.be/I72IeIr0b9Q

Worker-owners will tend to be more #motivated to see the #business succeed because they #benefit if it does well. They are more likely to put in extra #effort, look for ways to make #savings, or improve #processes that will save #money. Watch now: https://buff.ly/44FEwyf

#Worker #cooperatives don't have to pay #overpriced #CEOs and #executive teams. They can instead #reinvest the money in the #enterprise, pay workers #fair #wages to make them more productive, or #innovate with ideas from workers who are owners. Watch now: https://buff.ly/44FEwyf