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submitted 4 days ago by mintiefresh@piefed.ca to c/canada@lemmy.ca
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doing every single good idea there is to fund it and increasing taxation on the owner class, there simply isn’t enought GDP to support it without spending your way into inflation…

I did the actual calculation a while ago for the US and found the following:

If a wealth tax were created to tax all wealth above $10 million with an annual 3% tax rate, it would generate enough money to give everyone in the US a $300/month handout.

this post was submitted on 17 Jul 2025
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