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Taalnazi , 3 months ago (edited 3 months ago) Dutch Not all of that money goes to the developer, but also to the seller places and other places. You’d also still have to pay income tax. Ideally, there’d just be a 100% income and wealth tax after having say, 1/10,000,000th of the world’s total GDP. Without any loopholes. With a world GDP of approx. $ 102 trillion, or 102 billion if you use the long scale, that is about $ 10.2 million you would have at max. I think it fair up until then, exploited after that. With that money, you can practically buy anything to your heart’s content anyways. How about more brackets? – Practical scenario – Suppose you had a wealth of 10 billion. The lowest bracket is a 3 billionth of the world’s income, so say 34k. That’s taxed 0%. The lower middle is from there til 1.6 billionth of that income, around 64k. Taxed 35%. Upper middle, around 1.6 billionth til 1 billionth (around 100k), taxed 65%. Upper, around 1 billionth til 1 millionth (10 million) of world’s GDP, has about 99%. Highest has 1 millionth and beyond. Let’s assume the world’s GDP is 100 trillion for ease of calculation. So, you have 10 billion. 10 bil - 10 mil. 9.99 bil, all removed, used for public works. 10 mil - 100k, 9.9 mil. Taxing 99% of that 9.9 mil gets 99k. And so on, until you have a smaller but respectable amount to play with.
Not all of that money goes to the developer, but also to the seller places and other places. You’d also still have to pay income tax.
Ideally, there’d just be a 100% income and wealth tax after having say, 1/10,000,000th of the world’s total GDP. Without any loopholes.
With a world GDP of approx. $ 102 trillion, or 102 billion if you use the long scale, that is about $ 10.2 million you would have at max.
I think it fair up until then, exploited after that. With that money, you can practically buy anything to your heart’s content anyways.
How about more brackets?
– Practical scenario –
Suppose you had a wealth of 10 billion. The lowest bracket is a 3 billionth of the world’s income, so say 34k. That’s taxed 0%.
The lower middle is from there til 1.6 billionth of that income, around 64k. Taxed 35%.
Upper middle, around 1.6 billionth til 1 billionth (around 100k), taxed 65%.
Upper, around 1 billionth til 1 millionth (10 million) of world’s GDP, has about 99%.
Highest has 1 millionth and beyond. Let’s assume the world’s GDP is 100 trillion for ease of calculation.
So, you have 10 billion. 10 bil - 10 mil. 9.99 bil, all removed, used for public works.
10 mil - 100k, 9.9 mil. Taxing 99% of that 9.9 mil gets 99k.
And so on, until you have a smaller but respectable amount to play with.