Now if they added in a progressive tax rate for corporate taxes as well… Say anything over 500 million in net profit is taxed at a 90+% rate. That would solve all sorts of issues. Suddenly investors of all these mega corps would be pushing hard to divide up the companies into smaller entities.
Wealth tax in the modern age could be an inheritance tax. Anything over the median life earnings of individuals could be taxed at 100%. So median earnings in my area is $65K * 45 years (20-65k) = $2.93 million.
In 2025 it would be anything above 3.6 million. It’s a ton of money but here’s a list of a few people that hit it.
https://aflcio.org/paywatch/highest-paid-ceos
Now if they added in a progressive tax rate for corporate taxes as well… Say anything over 500 million in net profit is taxed at a 90+% rate. That would solve all sorts of issues. Suddenly investors of all these mega corps would be pushing hard to divide up the companies into smaller entities.
Wealth tax in the modern age could be an inheritance tax. Anything over the median life earnings of individuals could be taxed at 100%. So median earnings in my area is $65K * 45 years (20-65k) = $2.93 million.