Don't raise taxes on them because innovation

Go look at "Wealth to Scale" if you haven't already: https://dbkrupp.github.io/1-pixel-wealth/

The amount of money the rich have is obscene and hard to visualize.

Even Warren Buffet advocates on raising taxes on the rich, and called out the nonsense that doing so stop businesses and individuals from investing.
- i think every somewhat sane person sees it that way. trump and the oligarchs are just grifters
I had seen this version that uses Bezos instead of Musk.
I'm glad they've updated it but it's too bad that some of the sources are dead link. Like this one that's supposed to explain how the government can still put to use wealth that's in stocks rather than cash.

One of the suggestions should have been "venmo donations"

https://www.theguardian.com/us-news/2025/jul/25/venmo-americans-us-government-debt

Even if you buy the (nonsense) idea that billionaires are actually creating all the wealth, the idea that if you raise their taxes they will just stop their wealth-creating activities is utter rubbish. If you took away more of their money, they would have to work harder to maintain their standard of living - thus creating even more wealth.

Dont forget their other suggestion:

Every citizen can donate more money to reduce the national debt.

Cha right!

"BUt iF we EnFoRCe our lawS, tHEy WiLl Go soMWHerE eLSe."

From an MMT perspective… we really don’t need to reduce the national debt. So many useful people, skills, and resources are being poorly utilized.

We could deficit spend to boost green energy, education, housing, mass transportation infrastructure, etc. and have a better economy on the other side of it.

Instead, we’ll continue to spend on stagnant, monopolized sectors and also refuse to tax billionaires to lessen the harm of these bad investments.

And then we’ll pretend that welfare austerity — ripping away the last shreds of buying power from the lower classes — is somehow fiscally responsible, despite the obvious reality that an economy where nobody can buy or make anything is doomed to death spiral.

I know its just a start but its good to see tha Australian government introducing new taxation on retirement savings over $300 million.

In America we'd call that a War on Retirement, smear the politicians with ads, and ensure all the poor red states vote against it because it's a attack on freedom.
- We're aguing over whether to make it $200m and indexed to inflation. Either way it better get up or many of us will be furious.
  edit: is? us.

It's always funny how the state is powerful enough to enforce a mass surveillance and control system on anyone who wants to use internet. But when it comes to tax the rich "it cannot be done, it's too difficult".

And yes, I'm looking at you """""""labour""""""" party.

We don't even need a mass surveillance system. We can see where their wealth is, it's not secret at all. They don't even need to come forward if they don't mind us keeping it.

OP gets arrested and thrown in Gitmo