OK, first do a jubilee. It's now calculated that $70 trillion migrated upward from the rest of us to the top 0.1% between the years 1980 and 2024. That's $200k per citizen, and since it was fraudulently obtained, I have no problem adding a 100% penalty for corruption and tax evasion. Appropriate that back. Bang! Four hundred thousand dollar deposit in every American's bank account.

Then we tether a maximum wage to the minimum wage. Tax earned and unearned income the same, and determine by a multiplier of the federal minimum wage how much inequality we want in our society. I'd go as high as 10x, although that would seem pretty obscene after a generation or two. 10x $7.25/hr works out to about $150k/yr before taxes. Anything over $150k/yr gets taxed at 100%. Eliminate all the loopholes and accounting tricks.

That's not much, but it'd be a good start to build a better nation. It's a decent foundation.

Thanks!

The top marginal rate in the US dropped from 91% to 70% over the years '63 to '65.

I thought a) it was 92% and b) it was 92% until at least the end of the 60s. Thanks for inspiring me to refine my understanding.

Revenue Act of 1964 - Wikipedia

(en.wikipedia.org)

Forbid corporations from holding stock in other corporations. Yank limited liability from multinationals.

70%? What's wrong with 92%?