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Joined 3 years ago
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Cake day: August 8th, 2023

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  • Yeah, it should probably be a progressive rate but with the catch being that the rate never stops increasing!

    So maybe we start very small – a 1% tax on wealth over $10 million. And that $10 million is also our magic number below which the wealth tax cannot drag you, which will be important in a second.

    Then there are a few tiers above that which don’t need to be fancy. Maybe add 1% to the incremental rate per $100 million.

    But then at $1 billion, the incremental rate becomes 100%. So if you end up over the limit you essentially get set back to $1 billion, which is further taxed according to our imaginary progressive rate.

    I also wonder if it might be a good idea to provide a strong incentive for the individual to disburse their gains to charitable causes rather than the burden of administration always falling to the government. One interesting thing might be to introduce one or two even higher brackets that go above 100%.

    Say that at $2 billion the tax on each additional dollar becomes 150%. That means that if you get lazy or just want to hoard wealth short term, you not only get knocked back down to $1 billion but lower than that.

    Honestly though, we don’t need that complexity. 100% wealth tax on anything over a billion and the government does extravagant shit to honor the top payers each year and names buildings after them and whatnot.



  • In a country that has been building its infrastructure around personal automobiles for decades, we cannot make that necessary function of daily life be an automatic consent to targeted analysis.

    I get that cameras pointed at intersections and highways are here to stay. That means there will be records of what happens in public places that can be analyzed for a certain person’s movements once there’s a warrant.

    That’s the whole fucking point of warrants and 4th amendment protections. Just because the technical ability exists to analyze somebody’s Personally Indentifiable Information doesn’t mean you just get to do it. Just like you don’t get to listen to any phone call you want, or plant bugs and trackers on everybody you are curious. (A group of three-letter agencies enters the chat, lol)