Comment on How would you actually tax the ultra wealthy?
BlameThePeacock@lemmy.ca 2 days ago
100% inheritance tax on any value over 5 million, and slam shut any loopholes that get found.
Force them to either spend it stimulating the economy or give it up to society directly.
MerryJaneDoe@piefed.world 1 day ago
A small nitpick - always take inflation into account. “$5 million inflation-adjusted for 2025”.
It seems like a small thing, but setting a non-inflation adjusted amount is how good systems are undermined. For example, Medicare/Medicaid.
Medicare had some inflation adjustments built in - but it was for things like premiums and deductibles. In other words, the cost adjustments that fall on the consumer. Every year, the premiums go up, based on inflation.
Meanwhile, doctor reimbursements are NOT inflation adjusted. Thus, Medicare gets more expensive over time but doesn’t deliver the same quality of service (because the doctor reimbursements have less buying power).
Politicians use this trick ALL THE TIME, to gain the support of older voters while fucking younger voters over. They introduce a service that’s fully funded, but designed to enshitify over the coming decades.