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Y'all looking to get in on this?
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this post was submitted on 11 Aug 2025
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Giving pledge? How about a taking pledge.
Proposed wealth tax:
The proceeds fund UBI. MMW we will have 100x as many millionaires after doing this.
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
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
Wealth, not income.
In that case the 100 millionaire becomes homeless?
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.