Stiff inheritance taxes on values over 4-5 million are going to be absolutely necessary to prevent the planet from being owned by 10 people. Use the money to fund schools, public roads, medical care, and social security. You know, all the things to billionaires get for free despite paying almost nothing.
Where the hell do you come up with 4-5 million as a wealth cap on ANYONE, ANYWHERE? Socialism is a proven failed system. And btw, the world will not end in 12 years either. Drop the stepped-up basis on inherited assets. Appropriate for all generations imo (to the extent that taxation is acceptable at all). However, I don't know how to fairly make it retroactive.
Taxing the ultra wealthy to fund the country that made them wealthy is not socialism. You should probably go back to high school and retake your governments class. Socialism is defined as publically owning the means of production in some degree. Taxes aren't socialism. I don't generally support raising taxes on the middle and lower classes. We should be deriving most of our tax dollars from these robber barons. Turn off Rush and Alex and grow up. You can't just call anything you don't like socialism. But I'll take your statement as supporting a oligarchy. Maybe you'll realize I'm right when you're living in your GoogleHome driving on TeslaRoads and communicating exclusively through your Facebook ISP. Supporting billionaires getting richer is pathetic on a level I can't even begin to describe. How stupid do you have to be to walk into a voting booth, vote against your best interests, and walk out with righteous indignation because "we really stuck it to those damn socialists".
Yes because taxing billionaires, something an infinitesimally small amount of people will ever reach, only allowed through regulatory capture and carrion-like behavior, will truly disincentivize the average worker making 31,000 a year from heading in to work to feed their family. This is pants on head retarded. You don't understand socialism at even the most fundamental level.
Tiddlywinks it has been shown that as you get richer your money comes less from production or work/labor and more from capital. everyone cries socialism when they don’t like what they hear lol. Funny stuff
Yes. Particularly if wages are mandated and/or capped and/or egregiously taxed, and all or some portion of food, shelter, education, and other day-to-day niceties are available or provided for free. Everyone who shows up for work is not deserving of a promotion!