Oh please, please let’s do that. That would legitimately be fantastic. Not just millionaires though, because enough of them could’ve just worked hard to get there. Once you get to the like hundreds of millions or billions, then those people don’t deserve it.
There are plenty of just regular day-to-day people that are technically millionaires. But like, it’s all invested and or it’s their retirement account and they’re 50 and it has to last them the rest of their life and they aren’t globetrotting on a mega yacht.
Inflation is the one reason I have a tiiiiiiiny corner of my mind saying “they might have a point”. Pegging laws to a dollar amount that makes sense today doesn’t mean that dollar amount will continue to make sense in the future.
Tie it to some multiple of the poverty line or median cost of living, then we’re getting somewhere.
Oh please, please let’s do that. That would legitimately be fantastic. Not just millionaires though, because enough of them could’ve just worked hard to get there. Once you get to the like hundreds of millions or billions, then those people don’t deserve it.
Yeah it’s crazy how inflation is like that.
There are plenty of just regular day-to-day people that are technically millionaires. But like, it’s all invested and or it’s their retirement account and they’re 50 and it has to last them the rest of their life and they aren’t globetrotting on a mega yacht.
Inflation is the one reason I have a tiiiiiiiny corner of my mind saying “they might have a point”. Pegging laws to a dollar amount that makes sense today doesn’t mean that dollar amount will continue to make sense in the future.
Tie it to some multiple of the poverty line or median cost of living, then we’re getting somewhere.
Oh yeah of course it needs to be tied to some relative measurement like median COL like you said.