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Billionaires should be taxed at rates of 90% or higher to decrease their political power and protect democracy.

EconomicsTaxationPoliticsOct 3, 2026score 0.652 posts · 2 replies across 2 instances
The user argues that billionaires should be taxed at extremely high rates primarily to diminish their political power and protect democracy. The user also asserts that as a sovereign currency issuer, the federal government faces no financial constraints on spending, only resource and inflation constraints.

Claims

Billionaires should be taxed at rates of 90% or higher to decrease their political power and protect democracy.
Parent: EconomicsEntity: BillionairesSub-entity: TaxationImpact: neutralDate: Oct 3, 2026 - Oct 5, 2026Target: High taxation on billionaires
As a sovereign currency issuer, the federal government can never run out of its own currency and faces no financial constraints on spending.
Parent: Monetary PolicyEntity: Federal GovernmentSub-entity: Currency IssuanceImpact: neutralDate: Oct 3, 2026 - Oct 5, 2026Target: Sovereign currency issuance

Source posts

@[email protected]
Yes, billionaires must be taxed out of existence. The primary reason to tax them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need their money for fed spending. As a sovereign currency issuer, the feds can *never* run out of their own currency. See Alan Greenspan: https://www.youtube.com/watch?v=DNCZHAQnfGU There's no financial constraint on fed spending; rather, constraints are availability of resources & managing inflation. #USPol #UKPol #AusPol #Economy #mmt #CurrencyIssuing .
8 boosts · 1 favs · 0 replies · Oct 3, 2026
#uspol#ukpol#auspol#economy#mmt#currencyissuing
@[email protected]
Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can *never* run out of their own currency. Greenspan: https://www.youtube.com/watch?v=DNCZHAQnfGU Constraints on fed spending are not financial, rather, availability of resources & managing inflation. #USPol #UKPol #AusPol #Economy #mmt .
6 boosts · 1 favs · 2 replies · Oct 4, 2026
#uspol#ukpol#auspol#economy#mmt
@[email protected]
Yes, billionaires must be taxed out of existence - eg, robber-baron style: 90+% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can *never* run out of their own currency. Greenspan: https://www.youtube.com/watch?v=DNCZHAQnfGU Constraints on fed spending are not financial, rather, availability of resources & managing inflation. #USPol #UKPol #AusPol #Economy #mmt .
10 boosts · 0 favs · 2 replies · Oct 3, 2026
#uspol#ukpol#auspol#economy#mmt
@[email protected]
Yes, billionaires must be taxed out of existence - eg, robber-baron style: 90+% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can *never* run out of their own currency. Greenspan: https://www.youtube.com/watch?v=DNCZHAQnfGU Constraints on fed spending are not financial, rather, availability of resources & managing inflation. #USPol #UKPol #AusPol #Economy #mmt .
8 boosts · 0 favs · 1 replies · Oct 4, 2026
#uspol#ukpol#auspol#economy#mmt
@[email protected]
Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can *never* run out of their own currency. Greenspan: https://www.youtube.com/watch?v=DNCZHAQnfGU Constraints on fed spending are not financial, rather, availability of resources & managing inflation. #USPol #UKPol #AusPol #Economy #mmt .
5 boosts · 0 favs · 0 replies · Oct 5, 2026
#uspol#ukpol#auspol#economy#mmt
@[email protected]
Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can *never* run out of their own currency. Greenspan: https://www.youtube.com/watch?v=DNCZHAQnfGU Constraints on fed spending are not financial, rather, availability of resources & managing inflation. #USPol #UKPol #AusPol #Economy #mmt .
5 boosts · 0 favs · 0 replies · Oct 5, 2026
#uspol#ukpol#auspol#economy#mmt