America's downward spiral summed up in a few sentences...

[patphil]

10. We need a wealth tax.

A one time tax on all wealth over say, 300 million. It should be graduated based on overall wealth.
People like Musk, Thiel, Bezos, Zuckerberg, and others of the ultra rich class should pay at least 1/3 of their net worth.
Of course "one time" means whenever it gets to a point where we need to make a correction.
Personally, I'd like to outlaw billionaires. If you've got that much, you need to give the excess to charities...not of their making, but legitimate charities. They don't get to decide what the charities are.