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Y'all looking to get in on this? (r.50501.chat)

submitted 4 days ago by FiftyFiftyOne@50501.chat to c/Mirror@50501.chat

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Originally Posted By u/q0_0p At 2025-08-10 08:00:14 PM | Source

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[-] misteloct@lemmy.dbzer0.com 23 points 4 days ago* (last edited 4 days ago)

Giving pledge? How about a taking pledge.

Proposed wealth tax:

1% over $1M
10% over $10M
100% over $100M

The proceeds fund UBI. MMW we will have 100x as many millionaires after doing this.

[-] ReasonablePea@sh.itjust.works 3 points 4 days ago

I feel like you'd end up with a lot of people making $99M. Though I can see that being a good thing with prices for whatever the person made money from falling or driving investment instead of hording so it might actually work out

[-] TheBeege@lemmy.world 3 points 4 days ago

Nah. If it's a graduated system like our taxes are now, there's no advantage to staying under the next bracket. Good trying to think of edge cases though

[-] misteloct@lemmy.dbzer0.com 2 points 4 days ago

You'd have a ton of people near $10m for sure. It would also be less rewarding to get over $10m. You'd need to make over $10m a year to cap out, so the top 0.01%.

Also note you could still live like a king even in this system. If you made $1b a year, just spend or donate it each year. Go to space, buy a thousand homes for the homeless. But most rich people don't work to begin so probably not them.