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Tax the Billionares!

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Raymond Chandler III
Author
Raymond Chandler III
I contemplate the meaning of life and better ways to serve one another.

Since 1990, the richest one-tenth of 1% have stolen our nation's wealth from us!

This dark red line should be flat! In less than 30 years, they took everything for themselves and left us with nothing.

Can you see the bright green and bright pink lines near the bottom of this graph? You can barely see them, right? That is the bottom 90% of Americans. Over 120 Million Households that have been left behind.

They stole our wealth from us! We must take it back! But, how?

In video games, when a player reaches max level, they stop leveling. But in the real world, we don’t restrict achievement like this. We allow you to concentrate wealth and power to obscene and abberant levels that rival the richest, most powerful kings in history. We don’t have to allow this. This concentration of wealth and power is dangerous to individual liberty and to the public good over all. It is the root of all evil. You cannot serve God and wealth.

To combat power inflation in games, designers regularly implement changes to the mechanics in order to “squish” the gains that players can achieve. In online competitve games, this is often referred to as a “stats squish”. The ideas is to “scale down” high level players in order to make room for new content and abilities.

Think of any video game, or tabletop game that you’ve played. As you advance, it gets harder and harder to level up. There is always some element in the game that taxes your progress the further you get. If you played any game where this wasn’t the case – where you had a small number of “god-tier” players that just “bodied” everyone else, you would call the game broken, uninstall it, and ask for a refund from Steam.

Why do we continue to play this broken game in real life? It's time we rebalance the mechanics.

My plan taxes the net worth of the richest 1% of Americans and redistributes it to the rest of us. Under my plan your household will get a large weekly payment if you are in the bottom 90% of Americans.

We are going to take it from the rich, under the threat of extreme criminal penalties for tax avoidance and evasion. The richest 1% will comply, or they will be hunted down like the demonspawn that they are.

The question you should ask yourself is this: Who should own America?

We made this change in our generation. We can unmake this change in our generation. We do not have to accept it. We must rebalance the distribution of wealth and power to all Americans.

America should belong to the 99%!

Over the next 16 years, my plan provides for:

  • Universal Basic Income for the Bottom 90% of Americans.
  • Funding for “Medicare for All” to the Tune of $8.5 Trillion.
  • Funding for Community Social Programs to the Tune of $5.7 Trillion.
  • $28 Trillion of Wealth Transfer to the Bottom 50%
  • $14 Trillion of Wealth Transfer to the Middle 40%

If your household is worth less than $1,000,000, your household will gain $250,000 over the next 16 years.

If your household is worth less than $63,000 your household will gain $420,000 over the next 16 years.

If your household is worth less than $1 Million your household will get a check every single week under my plan.

Under my plan, if your household’s net worth is below $63,000 your household will get a $1,000 check every single week for the first two and a half years. That covers half of all Americans. Over time the payments will fall, but not below $250 – even after 16 years.

If your household’s net worth is below $1 million but above $63,000, you’ll get over $500 every single week for the first two years, and after 16 years this will fall to just under $200 a week.

Would you worry about childcare as much? What about your health? Would you buy nice organic food for your family? Would you start a business? Open up a coffeeshop? Provide a play space for kids in your neighborhood? Would you paint more? Write more? Work on that next-level rap album? What would you do with an extra $500 per week?

If it sounds too good to be true, just remember that this is how much they have already stolen from you in the last 30 years! All we’re doing is taking back what is rightfully ours. The money is there, it is just in the hands of the wrong people. America belongs to the 99%!

So, how does my plan work?
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One of the most challenging and rewarding aspects of being a game designer, is designing for fair systems which allow all players to flourish. We do this by developing automatic levers which exhibit emergent properties and behaviors based on player choices, but which are bounded by statistical constraints. Sometimes very simple rules systems can create quite complex behavior.

Before I describe the mechanics and rules systems at play, it is important to understand how the government splits up the “net worth” of “households” into percentile “tranches”. Depending on how much wealth your household has, you might be in the top 1% or the bottom 50%. These categories are important. They are:

  • The Top 0.01% – the richest of the rich. The three-comma club. Billionaires and hundred-millionares sit here.
  • The Top 0.09% – Rich by all measures. Most have between $10 million and $100 million.
  • The Top 9% – Well off. Upper middle class. Between $1 million and $10 million.
  • The Top 40% – The “middle class”. Up to $1 million in wealth.
  • The Bottom 50% – Everyone else. Up to $65,000 in wealth.

As an example, let's say you were a demonic billionare worth $666 billion. Under my plan, within the very first year, you would be taxed a total of $157 billion. Of that amount:

  • $40 billion would be given directly as weekly payments to the middle 40% of Americans whose net worth is below $1 million.
  • $78 billion would be given directly as weekly payments to the bottom 50% of Americans whose net worth is below $63,000.
  • $23 billion would be distributed to cover costs for a Medicare for All plan.
  • $15 billion would be spent on rebuilding community spaces offline, social clubs, and to rebuild the unions.

This is from one billionare in one year. Imagine what we can do with the money we take back from every billionare, in the next 16 years! Even so, after all of these taxes are paid these people will still be the richest people in America.

Percentile Tranche Effective Tax Rate Tax Floor
Top 0.01% 6.5% $24,679,482
Top 0.09% 1.35% $5,193,007
Top 9% 0.8% $942,943
Middle 40% 0% $63,079
Bottom 50% 0% $0

As you can see, the bottom 90% do not pay any taxes under this plan. This is a tax targeted at billionares and hundred-millionaires.

How much would you gain or owe, under my plan? Enter your household's net worth in the text box below to find out.

You will pay back AMOUNT in the first year.

You will pay back AMOUNT over the next 16 years.

This is the money that you stole from the American people who have actually earned this wealth. You will pay back everything you took from us in full, or you will face a guillotine.

My plan is the safest plan for billionares. If you comply, you get to stay filthy rich and you don't have to worry about real guillotines. If you don't comply, we will find you, we will hunt you down and we will take everything from you.

First, your tax rate is quite small compared to others. You're paying back thousands, not millions. You will also fall outside of the tax bracket pretty quickly as the stats "squish" back down. You actually gain in comparative wealth through the tax alone. You're smart enough to look at the numbers. Look at the numbers.

Second, the people who buy from you -- the real Americans who actually need your business -- they are going to have money now to spend it on their needs. Money that is going to come right to you and your concrete business, or your lawncare business, or your barber shop.

I urge you to see beyond the first level effects. Henry Ford paid his workers a living wage. Why? So they would buy his cars, of course. If you want to get actually rich, you should support me and this tax. Because it will make you rich.

Don't tell me you think billionaires are the ones that buy your products and services? You and I both know different. No. It is your neighbors that buy from you. Help me put more money in their pockets so that they can and no, inflation doesn't play into this closed system because we aren't printing any new money.

Everybody wins under my plan except the 1%. You win too!

If you vote for me, I am going to get you back your share. I am going to hunt it down, and I am going to bring it back to you like a bloodhound fetches a pheasent. I shall lay it at your feet.

The formula for my wealth tax is very simple.

The effective tax rate and tax floor that you use to calculate this depends on what percentile tranche that you fit into. Look at the table above. If you are in the 1% you pay taxes, if you are in the bottom 90% you don’t.

Each year the percentile tranches for household net worth are re-calculated based on the reported net worth of each household from the year prior. That is it. That is all that is required to make this work. Since the formula is based on the percentile tranches for household net worth, the distribution of wealth among American households will decentralize and rebalance itself fairly over time.

After 16 years, these levers can be adjusted by congress to control for the wealth distribution among american households, simply by controlling this tax rate. I will say it again, because it bears repeating America belongs to the 99%!

  • We will drastically lower taxes for the bottom 90% of Americans.
  • We will be making a significant, radical step towards “Universal Basic Income.” We will allow the “engines of capitalism” to re-ignite. People will be able to purchase what they need as they need it. The market can then work to adapt to and accomodate the needs of different people. This is a capitalist approach to this major social problem.
  • We will end childhood poverty nationwide within the first year. No child will ever go hungry under this plan. Everyone will have money for food.
  • We will end the unhoused peoples crisis. No unhoused person will go without shelter, unless they are camping for the fun and freedom of it. Everyone will have money for a roof over their head.
  • This plan will fund about a quarter of what is required for “Medicare for All”, but given the direct distributions most people will be able to afford most healthcare, out-of-pocket.
  • This plan will fund a variety of community third spaces, after-school programs, social clubs, and the unions.

We are not free as long as we are owned. We must reclaim our ownership.

America belongs to the 99%!