this post was submitted on 22 Apr 2024
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We're talking actions limited to something one human could achieve - so not wishes, but could be something amazing or rare like "become president"

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[–] cabbage@piefed.social 0 points 6 months ago

Progressive tax is normal in most functional countries, it's not rocket science.

Basically you define X as a base sum that needs to be controlled for inflation. Minimum wage can be 2X, whereas 100% taxation might be reached at an income of 300X. In this scenario, nobody could earn more than 150 times minimum wage, and manipulating the calculation of X to make the rich richer would also benefit everyone else.

A bigger challenge is that billionaire scum tend not to have income, only loans, so they don't pay tax at all. But that's also easily fixed if there's political will.