this post was submitted on 12 Oct 2024
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If I someone hits the $1 mark, they would probably be able to spend/transfer the excess to their children and relatives, and all kinds of shenanigans. It isn't a terrible idea, but it would require some complex regulations to avoid it being yet another way for the wealthy to spend money to influence things.
High tax rates had the same intended outcome by encouraging them to keep their money in growing businesses and employees reaped the benefits in the 50s and 60s.
Sharing wealth to people who might also do the same once they end up millionaire? Doesn't sound too bad, especially if any of those wealth transfers were taxed even slightly.
Honestly, there's nothing wrong with the current system we have except for letting the rich people keep pretty much everything.
Imbalanced game state, rich people OP. Nerf that and shit will be gucci
Higher taxes on high incomes and wealth is better though.