Degrowth

It also assumes the people on top want to give a higher proportion of their earnings to their workers or hire more staff. If I own a business and it's most efficient with 12 employees, you can cut my taxes to zero and I still won't hire more people, and as long as there are people willing to work for pennies I won't be paying dimes.

The best way for the government to incentivize better pay and for my wealth to benefit society is to force me to pay my workers a loving wage and to increase my taxes.

Yeah, a lot of the 1% is overleveraged and still lives paycheck-to-paycheck and increasing their taxes may hurt. Buy really, it's the. 001% that we need to be going after.

We need a wealth cap after which the tax rate is 100%. And to keep them from moving to a new country we can require that it applies to anyone whose business interesta intersect with US companies, with the enforcement mechanism being an embargo from any company operating in the US. We don't even need the taxes to go to the US, but after X amount of wealth it needs to be paid in taxes to someone.