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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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Alternative proposal. Billionaires should pay an annual 75% tax on any income and any wealth in excess of 1 billion.
Uh, why not 99%, and you get a framed certificate congratulating you for winning capitalism?
When you get to 1 billion your wealth resets but you get exclusive skins
That isn't how it works though. Nobody is collecting billions in wages. They receive stock which isn't counted as taxable income until sold.
Sure, that's why I also suggested a wealth tax.
But 75 percent wealth tax can't work, because that would require more liquidity to happen than exists. The attempt would utterly destroy most retirement funds in the process. Wealth tax sure, but need to be realistic about the scale of "money" actually possibly in play.
It'd probably deflate a bunch of overvalued stocks in the process of liquidation which would be healthy for the economy overall but, you're correct, it would cause short term shocks to retirement and other managed funds.
No, long term there would be no economy. Wealth cannot be taxed. Humans tried that since ancient Roman times, never worked.