Million Dollar Surtax – 3 new taxes?

“I agree,” said Blazing Night. “I’m working on the formula to get the money from the rich folk and do it fast. It’s not easy, do you know how?”

– Blue Earth

Vancouver Harbour Walkers

 

How would a Naturalistic Fantasy (NF) surtax look like?

 

  • state or province 1% surtax on property in excess of $1 million
  • federal 1% surtax on earnings in excess of $1 million
  • trade 1% surtax on insider trading in excess of $1 million

In short,

  • 1% surtax on $1 million

20151221_112343

Can a million dollar surtax curb the excesses of capitalism?

Should it be increased logarithmically: 2% on $10,000,000, 3% on $100,000,000, 4% on $1,000,000,000 and 5% on $10,000,000,000?

 
ACKNOWLEDGMENTS:

President Barack Obama endorsed a tax on earnings in excess of $1 million
UBC economists recommend a surtax on vacant properties
Blazing Scribbles, J.M.K. Walkow, ISBN 9780986656460
Blue Earth – The Body, J.M.K. Walkow, ISBN 9780986656446
Naturalistic Fantasy, J.M.K. Walkow, ISBN 9780986656422
Blazing Night, J.M.K. Walkow, ISBNs 9780986656415, 9780986656408

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