While a million isn’t insane money these days (1 in 10 Americans are millionaires) that was a lot of money in those days, and if you factor inflation it would be reasonable. That’s about 12 million dollars in today’s dollars.
tbf, lots of those American millionaires are boomers who managed to get a 20k$ house which is now valued at over a million. if we were to fix housing crisis they would lose their fortune. which they count on for their retirement.
get universal healthcare and elder care and that would also fix it. old people retirement plans shouldn’t be based on the homeless and poverty of everyone else.
While a million isn’t insane money these days (1 in 10 Americans are millionaires) that was a lot of money in those days, and if you factor inflation it would be reasonable. That’s about 12 million dollars in today’s dollars.
I assumed it was more money then due to inflation. and having a wealth cap at 12 million is still good.
tf happened to the US when such concepts were in the Overton window?
Two Red Scares, plus Reagan and neoliberalism in the 80s.
A wealth cap of one billion would still be a huge win. (It would reduce musks fortune by 99.9%)
tbf, lots of those American millionaires are boomers who managed to get a 20k$ house which is now valued at over a million. if we were to fix housing crisis they would lose their fortune. which they count on for their retirement.
get universal healthcare and elder care and that would also fix it. old people retirement plans shouldn’t be based on the homeless and poverty of everyone else.