Progressive Politics

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Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

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To Tax the Ultra-Rich, We Need to Go After Their Wealth—Not Just Income (inthesetimes.com)

submitted 10 hours ago by return2ozma@lemmy.world to c/progressivepolitics@lemmy.world

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[–] Supervisor194@lemmy.world 3 points 4 hours ago

Any individual with a net worth of more than 500 million should have their assets seized by any state that has a desire to survive. This will run them off, which is a win-win for the state, as they use infrastructure magnitudes more than normal people and give back less than nothing - being as they are laser-focused on sucking up every resource in their vicinity. This will give any such state a distinct competitive advantage over states that allow themselves to be exploited.