Asset taxes? Do you just tax every dollar over $1B at 100%? What if they own shares in a company that grows beyond $1B? Do they have to sell the shares? What if they then lose control of the company as a result? Maybe that is good. IDK.
Also, is it $1B per person. Could the person get married to let them grow to $2B?
If the rest of the world doesn’t follow suit, then what happens? Do all the billionaires just buy citizenship in Estonia or something?
Again, I am not opposed to the idea. I just think it needs a lot of work. Otherwise, these rants seem like a distraction. If it is never going to happen, maybe we are better off focused on trying to achieve UBI than Universal Asset Equality or whatever.
Wonder if having 3 senators per state would help this along.
North Dakota should not get the same power as all of CA. ND is the same population as San Francisco, it’s hard to imagine the original writers of the constitution would have thought that a 50x imbalance of representation would be a good thing.