With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
That wealth is also largely unrealized wealth on those stock options. I’m pretty against taxing unrealized gains, but for the love of god, we need to tax their leveraging of those unrealized gains which is how they benefit and wield it as a weapon, all while not paying any taxes on it. The tax rate should be HIGH (I’d be okay with the tax rate part being wealth based when they leverage it).
Yea it’s really a sticky situation. I’m also against taxing unrealized gains because it’s just hard to logic around. Taxing stock buy backs would help, taxing unrealized gains over 100M or whatever. Idk we need to tax away the aristocracy and the political power that comes with wealth accumulation. Would love to live in a world where a handful of people didn’t command the fates of billions