that billionaires exist is a failure to tax. its kinda simple.

I haven't looked at any numbers, but surely if we taxed billionaires enough to turn them back into millionaires, we'd probably not have to tax anyone else at all.

I think the better option is to close loopholes. Even if we increase taxes, they still have ways of avoiding taxes. We need to make it less avoidable for the rich.

I recently read some fluff piece predicting that Elon would be the first "trillionaire".

You have to be morally bankrupt to be that rich.

I'd prefer taking away most of their fake money and gaining back control over our economy

we need a space tourism tax immediately

But how will we push so much money through lobbying without a 'fuck you i'm going to space' class?

Yeah but let's watch them get into the rocket and fly off into smitherines first. Then we can tax them real good.

For any EU citizens I can recommend to sign this petition to the Commission: https://www.tax-the-rich.eu

*eat

Just find everything from their pockets first before you even ask us. Your tax rate is now related to the amount of the country's wealth you have. Counting all the stuff you moved out of country specifically to avoid this. That should actually count against them double to further disincentives doing so.

Maybe even worse in the first few years of the change so it will be extremely difficult for them to move back quickly enough to dodge some of the impact of this.

Abolish money as a concept instead of half measures.