
If we’d tax people proportionally to their annual income and actually put funds toward infrastructure and education we would have free fast healthcare, clean energy, and enough food to feed and house everyone. The 0.0000000000001% have WAY too much control over the 8,000,000,000 and should not have the power they do.
Here, reframe the answer to that into a counter-question: is it moral/ ethical to "limit the potential" of an individual, when that individual has repeatedly demonstrated that they will actively utilize that potential and power to better themselves, at the expense of the majority of the world and society around them? Actualizing potential is fine in an isolated bubble, the issue is when it's used in a way that negatively impacts many, many others.
i agree that there should be tax laws written to ensure that the extremely wealthy should pay their fair share and not be able to avoid taxes by having money accumulating as unrealized gains tax free while regular w2 earners are being taxed. but the tax law would have to be very carefully written to not hurt small businesses. because they may gain value in the business but not have the money. so it would have to be written in a way that doesn’t affect them.
well yes it is true that with that amount of wealth comes with influence that could be negative. however money can bring about evil in any tax bracket. but yes exponentially greater consequences when used by someone with billions. however it’s hard to dictate what someone does with their money unless they are doing something illegal. like politics it’s your right to put money towards things you believe in, maybe there could be more transparency but not much we could do there.
unless we create laws or regulations preventing certain harmful activities then we really can’t justify controlling what someone does with their money just because we don’t like it. but i do agree that that much power in the wrong hands is not good but finding a solution for that is difficult outside of laws and regulations that try to mitigate it
You know if we took every cent they have we could run the government for like 6 months (even though most of it is fake)? I think people fail to grasp the scale of money inside the government. We’ve all seen these info graphics about how big a billion is compared to a million but that’s nothing compared to the 7.4 trillion dollar annual budget. I do agree that we should lower taxation on the bottom 50% because they effectively contribute almost nothing but we need to also cut the budget