You don’t have to eradicate all of them, just each year have the richest person in the world executed. Only one. Watch all these billionaires race to give their money away and put it into philanthropic endeavours.

Of course, if any of them are found to be evading or hiding the true extent of their wealth, execution. And money invested in their own organisations/businesses would also of course be counted as theirs.

There are relatively few steps that would go a long way toward stopping the accumulation of obscene amounts of wealth.

• Make tax rates similar to what we had in the 50s (conservatives love the 50s), with the brackets adjusted for inflation.
• Make all types of income tax at those rates.
• Eliminate taxable income caps including social security withholding.
• Make inheritance and gift taxes equivalent.
• End Citizens United through congressional action.
• Use that tax money on social programs, small business development programs, and infrastructure.

If you want to really jump start things we should also make all campaigns publicly funded.

All it is necessary to do is to abolish all other forms of taxation until the weight of taxation rests upon the value of land irrespective of improvements, and take the ground-rent for the public benefit.
~ Henry George, Social Problems

Yes, you’re supposed to eat them too. This helps reduce world hunger.

In all seriousness, we’ve dealt with this problem before. We had a time we call the era of the robber barons if you want to read a little about it.

The problems is not that rich people exist, millionaires are few and far between, but that rich people that are able to screw everyone over.

What we have to do is to stop giving the rich so much power, especially over the government. Less corruption means that we can better regulate large companies, including enforcing pollution emission limts.

In fact, you are already helping with that, by using Lemmy and not corporate social media like Twitter or Reddit.