I agree with you and your proposal with the exception of 5 figure income having no income tax. At a billion level it might not be so important the difference between one or two billion. But on the 5 digits salaries, the difference of someone making 30k or someone making 80k is definitely meaningful. And as someone being in a comfy point in between there I do think everyone in my bracket should be paying taxes. Not high, but definitely something. Then lower incomes then yes, definitely 0% tax. But the amount of people on 5 digits salaries that are on the higher end is definitely worth having some tax, even when a small amount it already helps support the system with so many.
At the upper end you might be able to swing the more modest of housing and put away for retirement and that is great but it is not like changes circumstances that much. I would argue that opposite that the 2billion is one billion of funny money over what the one bilion guy has and should be taxed along the lines of lottery winnings.
I agree with you and your proposal with the exception of 5 figure income having no income tax. At a billion level it might not be so important the difference between one or two billion. But on the 5 digits salaries, the difference of someone making 30k or someone making 80k is definitely meaningful. And as someone being in a comfy point in between there I do think everyone in my bracket should be paying taxes. Not high, but definitely something. Then lower incomes then yes, definitely 0% tax. But the amount of people on 5 digits salaries that are on the higher end is definitely worth having some tax, even when a small amount it already helps support the system with so many.
At the upper end you might be able to swing the more modest of housing and put away for retirement and that is great but it is not like changes circumstances that much. I would argue that opposite that the 2billion is one billion of funny money over what the one bilion guy has and should be taxed along the lines of lottery winnings.