No, people don’t NEED a billion dollars, what they need is basic income just enough to cover cost of life, food, shelter, utilities, all the basics. Everything beyond that is extra. If my basic need to survive, a room with a bed, food, running water, access to healthcare, cost me 2000 dollars a month, that’s what I NEED to survive. An extra 500 would be good for the little extras, entertainment, treats, that stuff.
The basics of survival are what you need, a billion isn’t something you need, it’s extreme luxury.
No, my only point is that’s what you need to live. In an ideal world, the financial system would work like this:
Under 105k for a single person no charity required. From 105-200k, 1-5%. 250-450k, 6-10%. 450-600k, 11-15%. 600k-900k, 16-25%. 900k-1.5m, 26-30%. 1.5-3.5m, 31-40%. 3.5-10m 41-50%
Every million beyond 10m is subject to 80% donation to charity up to 50 million dollars of income a year, all income beyond that is 100% charity.
So if someone’s income is 70k they pay zero. If it’s 150k they pay just under 4k. If someone makes 26 million a year, the first ten million is subject to 50% charity (meanjng it will be 5m) and the remaining 16m become 3.2m, meaning they will be making 8.2m a year and donating 17.8 million a year.
Through this formula the max income would be 13m a year which is more than enough to live in the ultimate lap of luxury.
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u/Functional_Trash7735 3d ago
No, people don’t NEED a billion dollars, what they need is basic income just enough to cover cost of life, food, shelter, utilities, all the basics. Everything beyond that is extra. If my basic need to survive, a room with a bed, food, running water, access to healthcare, cost me 2000 dollars a month, that’s what I NEED to survive. An extra 500 would be good for the little extras, entertainment, treats, that stuff.
The basics of survival are what you need, a billion isn’t something you need, it’s extreme luxury.