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Rich tax. (feddit.org)
submitted 1 day ago by Dot@feddit.org to c/whitepeopletwitter@sh.itjust.works
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[-] jlou@mastodon.social 2 points 14 hours ago

It seems to me that they're hinting at abolishing capitalism.

One way to do that would be to

  1. Mandate worker coop structure on all businesses

  2. Institute a 100% land value tax

Taxing the rich doesn't really solve the root of the problem. Abolishing capitalism pre-distributes wealth so that people don't become billionaires in the first place. 100% land value tax encourages efficient use of land.

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this post was submitted on 26 Oct 2024
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