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.
it’s a meaningful start because we would see how things work in practice. it’s similar to how you build a small model of what you want to build (blueprinting, testing, proof-of-concept, prototyping, …) before you build the real thing
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.
300 dollars a month is not even close to meeting a person’s cost of living.
it’s a meaningful start because we would see how things work in practice. it’s similar to how you build a small model of what you want to build (blueprinting, testing, proof-of-concept, prototyping, …) before you build the real thing