I think we now need alternative minimum taxes of 60 or 70% on anything over a billion dollars for an individual because these individuals are under the impression that they are not subject to the standards of Western society, decency or any or the law.
If you do not want everything to be owned by a tiny elite, you have to aggressively tax extremely high levels of wealth. Because otherwise, if you're Jeff Bezos, what is he worth? $300 billion, right? Even if he makes 5% a year, he's making $15 billion a year, right? And it's just going to grow, right? It's going to grow unbelievably quickly.
Do you want everything to be owned by the tiny elite or not? If you do not want everything to be owned by a tiny elite, you have to aggressively tax extremely high levels of wealth.
