• Ð Greıt Þu̇mpkin@lemm.ee
    link
    fedilink
    English
    arrow-up
    3
    ·
    5 months ago

    What you’re describing would amount to either eminent domain or civil asset forfeiture, both things that you really shouldn’t be resorting to for money unless you’ve run out of all other options to cover a budget and have a spectacular plan to get the country back onto regular revenue with that money already in place, because that window can only be broken into once.

    • MotoAsh@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      5 months ago

      This is a silly thought experiment to point out that billionaires do not earn their own wealth, and you treat it like it’s proposed as an actual economic plan for the whole country?

      … rofl

        • MotoAsh@lemmy.world
          link
          fedilink
          English
          arrow-up
          2
          ·
          5 months ago

          Because it is specifically NOT an economic plan. At all. It’s a basic concept that would have to be fleshed out in order to even have an actual mechanism to test. Eminent domain is silly, because very, very few people want billionaires’ wealth going to the government.

    • theneverfox@pawb.social
      link
      fedilink
      English
      arrow-up
      1
      ·
      5 months ago

      Not necessarily. If you want to do a new thing, make a new rule

      For example, send them a tax bill for 99% their net worth. Offer to accept assets at the calculated market price and the government can sell it slowly, or let them sell it off for pennies on the dollar and submit their new net worth for an adjusted amount

      Obviously that’s super heavy handed, but you can slice it a million different ways