It's generally being called a wealth tax.

There is no legal definition or concept for a "wealth tax". You usually tax income or you tax property.

And while taxing property is the more obvious one, both can be a wealth tax depending on who is paying majorily by its design (for example a progressive income tax where low incomes barely pay anything reaching 90%+ over a certain limit -see 1950- is definitely a wealth tax).

Let me guess... keep lowering taxes on the rich and the wealth will trickle down.

Raising them makes things worse but raising them a little was followed by better times...

I think you might need to reread your messages before hitting send...

Stuff like this....

https://www.newsweek.com/disney-gave-least-250k-senators-that-voted-dont-say-gay-bill-1686128

Rather than ask me for a source of all of them not donating...

Wouldn't it be easier to find a single one about them doing it?

You're asking me to do something incredibly time consuming, and frankly close to impossible with just public knowledge, but to prove your side, you just need to find a single source to prove me wrong

Some of them realize, that the masses are getting angry. We're getting out our pitchforks, torches, and guillotines. Angry people will start to fuck up shit. January 6, BLM protests, etc, are all prime example of what people are willing to do when they get angry.

If everyone's option is either continued to get screwed or fuck shit up for a possibility of a better future. People will generally pick the fuck shit up option.

Some of them do mean it. They know that places with less wealth inequality are better places to live, even for the rich.

The problem is that even if they were willing to donate their entire wealth to the government, they're only one of hundreds of billionaires, so their personal sacrifice isn't going to change much. They'd just be one of the non-rich in a place with huge wealth inequality. So, before they do that, they want assurances that everyone else will do it too.

So, it comes down to whether politicians will do it. Many politicians won't either because they're rich themselves, or they're "owned" by ultra-rich people who don't want their hoards touched. But, even if the politicians were interested, it's a tough issue because of offshore tax shelters and places like Monaco. When France tried to tax wealth, many of the wealthy just moved to Monaco, or to another place where their wealth was secure. And, as much as it sucks having the ultra-wealthy in the country not paying enough in taxes, it's worse for them to take all their wealth and leave the country entirely.

The only thing that would really work is for the rich countries of the world to band together and agree on a minimum wealth tax, and then to deny entry to anybody who fled to a tax-shelter country. But, that would never happen both because it's too ambitious and too many politicians are owned by the rich. And, because it's a prisoner's dilemma situation where there's a huge incentive to be the country that defects from the deal and welcomes all the billionaires.

Need something like this:

https://en.m.wikipedia.org/wiki/Global_minimum_corporate_tax_rate

But for individual wealth/billionaires

And when action happens, I will be behind 100%. Need to read the article, is there even a plan? Other than “hey politicians, do this”?

its really not that hard. Even one country can start it. If a company does business in a country it must pay the corporate rate but it can deduct any corporate tax it pays in other countries. So if it pays the same or more already it pays no additional but if it pays little it has to pay the difference. So they can move the money whereever they want but the only way to avoid it is to not do business in the country and thus open it up for local opportunities.

just sit on big bags of cash.

Looking at you Apple