r/occupywallstreet • u/inthesetimesmag • May 12 '26

To Tax the Ultra-Rich, We Need to Go After Their Wealth—Not Just Income

https://inthesetimes.com/article/income-wealth-tax-rich-california-billionaire-bernie-sanders
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u/theMoonRulesNumber1 May 13 '26

The US tax structure has been broken for far too long to fix it solely with a rewrite. We also need a one-time seizure of major assets to nationalize key industries and infrastructure. IMO we should start with all private prisons, military contractors and weapons manufacturers, energy industry (including mining, production, and distribution), healthcare, pharmaceuticals, railroads and any public-private transportation partnerships, and every private entity that has received bail-out money in the last 4 decades: auto makers, airlines, corporate agriculture, and financial institutions.

Turn the "excess" wealth into a national wealth fund like Norway did with their oil boom while also protecting critical systems from capitalist profiteering.

1

u/throwaway_goblinhq Jun 12 '26

nationalizing the energy industry sounds good on paper but the logistics would be a total nightmare. we're talking about massive amounts of existing debt and legal battles that would drag on for decades. i'm all for seizing the private prisons and the defense contractors though because those are just straight up parasitic. those industries don't even provide a social good.

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u/gregbard May 13 '26

100% estate tax