this post was submitted on 15 Sep 2026
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A Boring Dystopia
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They'd have to relinquish stocks or other assets if it put them over the limit.
Although in my opinion it would be better to tax loans using investments as collateral (that cross a cumulative yearly threshold) as realized gains and income.
The threshold could be a variable like 50x the annual take home pay of the bottom 20% of earners. That way for cheaper loans, people need to be paid more.
Edit: my variable would be about $1.6m right now.