• originalucifer@moist.catsweat.com
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    1 year ago

    its easy if you tax.

    income > 1ml should be 95% tax rate or higher. period.

    tax every stock trade. remove religious exemption.

    there are ways, but the people in charge are reaping the most benefits from the broken system

    • TenderfootGungi@lemmy.world
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      1 year ago

      That is really close to the tax rate we used to reduce inequality coming out of the Great Depression. In today’s dollars the threshold would lie in a few million, not one. And I believe it was 94% IIRC, but over 90. Of course nobody paid that in practice thanks to deductions, but it worked.