Fine billionaires as a percentage of their net worth.
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Fine billionaires as a percentage of their net worth.
Correction: Not net, total gross.
(Which is totally gross)
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@octothorpe Insufficient. A billionaire can shrug off a 10% loss of net worth far better than someone with a net worth of $100,000 can. (And it seems that frequently the billionaire manages to pay a lower percentage in taxes — if any.)
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@andrewabernathy oh, I think I misstated, I actually meant gross. I don’t give a fuck about how much they pay in taxes. I do care about being proportional to their total worth.
To your point, any fine is going to be shruggable given sufficient wealth (and Musk’s wealth is astonishing). However, i wasn’t suggesting a flat percentage either. Ex: $50B is a huge amount of money, a substantive % of Musk’s worth, but also still shruggable.
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@andrewabernathy it’s not actually possible to meaningfully fine a billionaire, but you CAN extract huge amounts from them through fines, so we should.
