Why a massive tax on the richest will benefit everyone. Even the Billionaires!

Opening the debate about money……..

RouXminations - RouX's Weblog

We should tax the billionaires much more. Most actually pay little or no tax. The billions of workers on lower wages pay the bulk of the tax raised.

Capitalism works, but it doesn’t stop working, it keeps on working and will continue to work, funneling money to the top, until there is no more money left to pay back into the system.

At the moment the workers must work for money, to keep the system going. Soon, because of automation, there will be hardly any jobs, so people will have no money to pump into the system. At this point the system will crash. 

Billionaires need to get their heads around this and regularly release capital back into the system, via higher taxation. Norway has a high rate band of 76%.  What do billionaires ‘need’ that millionaires can’t afford? 

We should tax billionaires back to being mere millionaires, put…

View original post 113 more words

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