Which goes through the government.

Again if you want more income for those at the bottom you want efficient tax methods and 100% is not an efficient tax method since people will do EVERYTHING they can to avoid it. If people can accept a tax rate, they will pay it. Well a lot more people will pay it.

100% inheritence tax will go to the government though.

Still it’s basically stealing from families anyway.

Depends a bit on the country since they are all transforming their national payment system to Wero, some of them already have it like Germany and Belgium will be getting it in October this year. The Netherands will get it 2026-01-01.

You still wouldn’t want to do any taxation at 100%, make it 70 or 80% sure, but 100% is just bullshit and 70-80% will be enough. The way to get people to accept higher taxes is to explain it to hem. People will also do everything in their power to not pay that 100% tax, including just stopping their Dang business for that year if corporate income would be taxed at 100%

The spousal thing is generally solved in the world by giving an exception, in NL it’s like the first 800k is tax-free when your legal spouse dies.

Money inside companies is just money that will be taxed at a later date, the issue is that billionaires in the US put their stocks up as collateral taking out loans. It would be taxed again if they dividend it out or pay themselves somewhat of a wage.

The issue with companies is that evaluating them is something that you just cannot easily do every year for the tax report, unless you just go look at the equity = company value. We do have some designation for small, median and large companies based on revenue, balance total and FTE count, well at least in NL it is based on those 3.

Small companies need some tax breaks and larger companies don’t, but a lot of companies are split up to multiple different companies to be able to benefit from tax breaks.

Property should be community owned and exclusivity agreements should be temporary (i.e. real estate should be owned until death).

Owning a single property is not the issue, every family should be able to own one. It’s the fact that people own multiple properties. You want to make it so it is not a good financial decision to own multiple properties, either you as a business or you as a person.

generational wealth shouldn’t be a thing. You mean massive amount of generational wealth, but in my example that kid that lost his parents should still inherent that house right?

Just increase the inheritance tax for everything after a mil or so. It’s still a couple taxation, but hey

You can be as wealthy as you want, but once you die, it all goes back to the common pot.

So that 18-year-old that loses both his parents will inherent nothing? So he would have to live on the street or something? Or that women who lose their husband, so inheriting the other half of their combined income? Which will cause her to lose the house etc?

Inheriting a couple 100k or even a mill isn’t really the issue. Do tax it, yes, but 100% tax on anything is unreasonable, or at least if that happens at once. That’s why we have multiple different taxes.

100% taxing anything is just an unrealistic goal and not even needed. Going to 70-80% on income tax is enough. .Well that and fix the loan structure countries like the US has, make them unable to use stocks for colleteral for -loans. Musks wants another loan? Make him increase his salary or dividend it out and tax that with 70-80%.

If something is taxed

or just use Wero which they are gonna use anyway