America’s wealthiest people are also some of the world’s biggest polluters – not only because of their massive homes and private jets, but because of the fossil fuels generated by the companies they invest their money in.

  • gamer
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    1 year ago

    A few million/year is a reasonable amount of money for a (highly) successful person to make. A wealth tax for people making over a billion or just $100M per year is enough to fix a lot of the problems in this country without destroying the “American dream”

    • Veraxus@kbin.social
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      1 year ago

      The way I see it, if you make enough money to buy a nice, moderate house in California or Hawaii once per year, you are already making too much money. My cutoff would probably be closer to $2-3M… though I’d be willing to go higher if paired with an annual “wealth tax”… say, if you have a value of over - for example - $20M (incl. stocks and any other non-liquid assets) you must pay 20% of any excess value in taxes annually. That would be on top of the 95% multimillionaire income tax.