Please do check my work on this, and cite what you have.. but from what I am seeing in the data, if we simply collected a fair tax from billionaires we could literally eliminate all poverty in this entire country at the 100% FPL level.

[codinghorror@infosec.exchange]

Please do check my work on this, and cite what you have.. but from what I am seeing in the data, if we simply collected a fair tax from billionaires we could literally eliminate all poverty in this entire country at the 100% FPL level.

[codinghorror@infosec.exchange]

and I, for one, think that would be a good thing to do.

[legit_spaghetti@mastodo.neoliber.al]

@codinghorror Crazy, right? Just earlier I was grousing about how the top tax rate in 1960 was 91% on income above $400,000. Imagine the things we'd be able to accomplish if we went back to that. The science we could do. The education we'd have. The art people would make. The quality of life everyone could experience.

Tax excessive income.

[shnooflebear@curly.cat]

@codinghorror Desperate people better slaves make.

[ligasser@social.epfl.ch]

@codinghorror I proposed a few times with my friends to cap wealth at 1 billion. But they all think it's too much. 100 millions max wealth seems to be a good value...

[doekman@mastodon.nl]

@codinghorror And research says one should eliminate all taxes, and replace it with tax on capital. Any other scenario the rich get richer... (was presented in a Dutch documentary)

[pait@mastodon.social]

@codinghorror I believe that to sustainable eliminate poverty mere multimillionaires would need to pay more taxes as well. Which would be only fair.