General Discussion
In reply to the discussion: Bernie validated my faith in him with the Robin Hood Tax [View all]hunter
(40,897 posts)... since I figure taxes should be pretty close to 90% for income above a certain multiple (much less then 20X) of an untaxed minimum living wage, with similar taxes on wealth too.
I also think stock, bond, hedge funds, and futures market trades should be taxed at a rate just high enough to discourage high frequency trading.
Anything that's traded more than twice a day ought to face tough regulatory scrutiny.
That's right, a Bill Gates lives in a big house in the same neighborhood his immigrant janitor lives in a two or three bedroom apartment. Their kids attend the same public schools. Bill doesn't have to worry about "security." Sure, he has all the high end name brand stuff, an expensive car, designer clothes, Italian stone countertops in his kitchen, but the single mom working at the fast food place down the street has reliable transportation, nice clothes, and a kitchen she can cook most anything she likes in.
More importantly, nobody can buy the political process. The voice of the janitor or the retired widow or the disabled unemployed person is just as loud as the voice of an oil tycoon.
That's right. I would tax the uber-wealthy out of existence.