this post was submitted on 25 Jun 2022
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Identify types of income, wealthy, etc. that are most frequently owned by the richest people. Tax that at a rate that is steep, but not quite enough to eliminate the motive to try for more. Gradually eliminate the tax at lower levels so as to not affected middle income people.
This is not possible when capitalists are in charge of the society and have a government that represents their interests. And if you had the working class in charge then you wouldn't need taxes in the first place because means of production would be owned by the workers and directed towards producing things that everyone needs. The whole point of taxes is to provide things like social services, educations, healthcare, and infrastructure. In a socialist society, that's what labour is directed towards as the default.
I was just trying to answer the question of how taxes on wealthy individuals would work in my ideal world.
And I'm just pointing out that it's fundamentally impossible for such a world to exist.