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A Better Way: How a 2% Wealth Tax Could Free the People and Heal the System

  • Anthony Halligan
  • Mar 28
  • 7 min read

A Simple Idea with Massive Potential



What if we stopped taxing people for trying to live—and instead taxed those who are hoarding everything that makes living harder for the rest of us?



Imagine replacing income taxes, property taxes, and even payroll taxes with a simple, universal 2% annual tax on total wealth. That’s it. No loopholes. No tricks. Just a flat contribution based on what you own, not what you earn.



It’s a simple idea—but it has the potential to change everything.


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The Math Doesn’t Lie



Total U.S. household wealth is around $150 trillion.



A flat 2% wealth tax would generate $3 trillion per year.



That’s enough to replace the majority of the federal tax burden currently carried by working people. No more taxing your labor while billionaires borrow against their stock portfolios and live tax-free. No more burdening small businesses, middle-class homeowners, and low-income families just to keep basic services running.



And here’s the kicker: the top 1% alone holds over $50 trillion.



That’s one percent of the population holding more than a third of all wealth. Just taxing that top 1% at 2% a year could generate $1 trillion annually—without touching anyone else’s paycheck.



That’s not theory. That’s math.


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Lifting the Weight Off Everyone Else



Under this system, the rest of us—those who aren’t hoarding vast fortunes—finally get a break.


• No more income tax. Period.



What you earn is yours to keep. No more IRS deductions. No more scrambling to file every April. Just freedom to earn, grow, and live without penalty.



Instead, everyone pays 2% of what they own.


That’s it. Whether you're worth $100,000 or $100 billion, 2% of your total wealth is your contribution. No loopholes. No offshoring. No special exemptions.



• No more crushing property taxes forcing people to sell their homes just to stay afloat.


• No more payroll taxes quietly draining every paycheck—freeing small businesses and boosting workers alike.



This isn’t about charity. It’s about restoring a baseline of equity—a shared commitment to the collective good.



It’s about building a world where people finally have room to breathe. It’s about freeing up time, energy, and capital for living, not just surviving. Workers take home more. Small businesses thrive. Families have more room to grow. Seniors can age in place without being penalized for owning their homes.



And here’s the beautiful part: when people take home more, they spend more—on food, clothing, local services, travel, home upgrades, education, entertainment, art. That spending fuels business growth across the board—including the corporations and brands owned by the ultra-wealthy.



So even the rich win—but this time, they win by uplifting the people who power their success. It becomes a cycle of reciprocity:



People have more –> they spend more –> businesses grow –> prosperity expands.



This isn’t just economic policy. It’s a reset. A recalibration. A restoration of dignity. A rebalancing of everything to a more natural flow. One that evokes universal harmony, energetic reciprocity, and the natural intelligence of interconnected systems.


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Ending the Era of Hoarding



Right now, massive institutional investors—Airbnb, BlackRock, and the like—own thousands of homes. By buying up huge swaths of housing stock, they shrink the supply of homes available to everyday buyers.



And when supply drops, prices and rents go up—not because they’re raising the rent directly, but because the market bends around the artificial scarcity they’ve created. And what happens? Regular people are left competing over what little remains, further driving up costs for those who can least afford it.



A 2% annual wealth tax would force movement. When these companies and individuals have to pay a fee for holding so much, they’re incentivized to sell, circulate, or reinvest.



That means:



• More homes hit the open market


• Prices stabilize or even drop


• Rent decreases as supply increases


• Ownership becomes accessible again



This one policy could unwind decades of housing injustice, and that’s just one sector.


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A Ripple Effect That Reaches Everything



Housing is only one piece of the puzzle. When wealth hoards, everything else erodes.



When billionaires and corporations sit on vast, idle assets while contributing very little back, the public pays the price in ways most people don’t even realize:



• Underfunded schools, where teachers buy their own supplies and kids share outdated textbooks, affecting the quality of education for entire generations


• Crumbling infrastructure, collapsing bridges, unsafe drinking water


• Broken healthcare systems, where one ER visit can bankrupt a family


• Emergency services that arrive too late because there aren’t enough people to respond


• Insufficient mental health services, causing ripple effects across entire communities


• Underpaid caretakers, social workers, and educators, whose work supports society’s most vulnerable


• Failing public transit, which keeps the working class isolated and immobile


• Food deserts in low-income areas, where grocery stores simply won’t go up, or carry subpar foods riddled with poisons that increase the risk of deadly diseases


• Underfunded clean energy transitions, leaving us vulnerable to climate collapse


• Degrading water systems, where some communities still don’t have clean drinking water


• Unattended climate crises, because there’s “no funding” for sustainable transitions


• Neglected parks and cultural institutions, stripping neighborhoods of joy, creativity and connection



And who does this affect most? Everyone! But especially:



• Children


• The elderly


• The disabled


• Low- and middle-income families


• Single parents


• Immigrants


• Veterans


• Artists


• Caregivers


• You. Me. Us.



Now imagine this: a 2% wealth tax floods the system with $3 trillion in new revenue every year—not by taxing the people who are already struggling, but by asking those who have more than they could ever spend to contribute just a fraction toward healing the whole.



You see? there IS funding. It’s just locked up, but a 2% wealth tax unlocks that flow.



It doesn't just repair what's broken—it regenerates society.


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Even the Wealthy Win



This isn’t a punishment for being successful. It’s an invitation to be part of something bigger, something better. It’s about returning to harmony.



Because when people thrive, everyone wins.



• When schools thrive, companies get more educated workers.


• When infrastructure improves, supply chains get faster.


• When people are healthier, productivity skyrockets.


• When people take home more of their earnings, they are happier and job turnover is drastically reduced.


• When communities are stable, crime goes down, and businesses flourish.


• When transit works, commerce expands.


• When the arts are supported, culture grows—and markets with it.


• Educated citizens fuel better businesses


• Clean energy creates new industries and opportunity


• Public trust returns—and with it, stability and cooperation



This benefits literally everyone. Even the ultra-wealthy. So don’t let them sell you the lie that taxing their wealth will somehow hurt you or the economy. That lie was built to keep you quiet while they continue extracting from you—doing the very thing they claim taxing their wealth would do: hurting you.



The truth is: even if you're sitting in a mansion with private jets and yachts, you still live in this world. Your employees live in this world. Your supply chain depends on it. Your children inherit it.



There is no “outside” of society. Everything we do ripples throughout it, and beyond, period.


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A Choice, Not a Punishment



This isn’t about punishing the wealthy. It’s about inviting them to rise into their highest potential.



What if we allowed billionaires to reduce their wealth tax burden by investing in us?



• Build affordable housing


• Fund clean energy projects


• Launch public health and education programs


• Support small business incubators and community revitalization, etc.



It’s simple: give 2% to the IRS or invest 2% into the collective future of humanity.



Either way, contribution is the new currency. Yet still, the path is yours to choose. That’s real power. That’s real change.


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From Me to We



Wealth should not mean escaping society. It should mean empowering it.



Somewhere along the way, we started allowing the ultra-wealthy to tell us that success meant rising above—building walls, buying islands, flying private, and opting out of the world everyone has to live in. But that’s not freedom. That’s isolation disguised as success.



Right now, we reward hoarding and penalize participation. We celebrate monopolies that kill competition by outspending startups and pricing out innovation. And we pretend every billionaire started from nothing, ignoring the networks, funding, and protection that paved their path.



This isn’t about shame—it’s about truth. Hard work matters, but so does access. So does advantage. So does the system we are all connected to.



A universal wealth tax flips the script. It invites the ultra-wealthy to step back into society—not as rulers, but as stewards.



Beyond that, it tells the world:



We rise together—or not at all.



Real legacy isn’t built on what you hoard. It’s built on what you help grow. This shifts everything—from fear and scarcity to connection, contribution, and co-creation. From “mine” to “ours.” From survival to stewardship. From isolated empires to shared, thriving worlds.


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The Future is Collective



Collectivist Capitalism is not a contradiction. It’s an evolution.



People are waking up. We see the imbalance. We feel the injustice.



Yet we’re also beginning to imagine something better—not utopian, but possible. A system where wealth isn’t about accumulating more than others—it’s about uplifting others with what you’ve been entrusted to hold.



This is how we evolve capitalism, not destroy it––collectivist capitalism. This is how we birth the next era: one rooted in balance, regeneration, and shared legacy.



Think about it. What could your life look like if income and property taxes disappeared? How would your community thrive if wealth were reinvested directly into it? What legacy could the ultra-wealthy leave behind if they chose stewardship over extraction?



If this resonates, share it. Speak it. Let it spread. The future begins when we say it does.


 
 
 

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