I do not trust the ultra-wealthy.
Not people earning $250,000/yr, that salary is within the realm of reality.
If your job requires you to be available 24 hours a day, 7 days a week; such as a sole owner of a medium sized business, that’s only a wage of $28.54/hr.
That is less than my hourly rate.
But if you have do so well out of OUR mutual society, that you have a disproportionate amount of wealth, then you definitely have a responsibility to give it back.
No person should have an asset value of hundreds of millions.
We should put a 100% income tax on all income for people with an asset value > 100 times the median family asset value.
In Australia as of 2012, the median household asset value is $434,000.
As such, I firmly believe no person or household should have a personal asset value greater than $43.4 million. Even that number is greedy, from my perspective. Continue reading Millionaires & Billionaires… What happened to the ‘fair go’? #100daysofblogging #Day39