Anand Giridharadas: Should Billionaires Exist?

[sandensea]

2. Sure. But a steep wealth tax on anything over a billion would help.

This would also give the state leverage to, for instance, offer generous tax deductions if said monies were invested in something useful for the common good - including housing, industry, technology, infrastructure, and donations to schools and culture.

Certainly a lot better than the current system, which only seems to incentivise offshoring - an inevitable result of letting their own lackeys write most of our tax code.

The 2017 Cheeto tax cut is the worst symptom of that.