Yeah, especially considering that the ultra-wealthy don’t generally collect income. They use assets as collateral for low/zero interest loans and may even claim negative income as a result. We need a wealth tax and banking regulation that prevents the loan trick from working.
this post was submitted on 13 Apr 2026
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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.
honestly at this point we should just compost them and cut our losses
Yeah. I hear the the desperate pleas of the liberal politicians when they finally realize that all the wine mom's are now Marxist-Leninist revolutionaries and spent the last few years learning to shoot a rifle and 3D print drone parts.
Taxes seem like something we asked you to try and you didn't. It's too late now.
Grass looking for compost.... Not sus at all.
thats why you seize thier accounts, in those shady banks like swiss , and deustche.
I'm interested in the debate between wealth taxes versus closing other loopholes (like using untaxed assets as loan collateral).
What are the arguments for both sides?
If you tax income then the ultra wealthy can find some financial construction to ensure that they have zero income. Of course, this is also true for wealth (see: the Gates Foundation), so maybe there is no good solution. 😅
If magazines like Forbes can make up a system to measure the wealth of the richest, then there is a way to tax them.