When you see someone like Jeff Bezos paying an effective tax rate of 12% you want that rate to be zero, while the median worker is getting a tax hike paying 50% ($600 per week is about half the median weekly individual income).

You’ve also made the tax so flat that it disregards regional economic differences. If you live in Alabama you’re paying a wildly higher tax rate than if you live in California. (You gave the example of $600 rather than a percent, please correct if you meant something else)

You call it an income-driven economy but only the income of the people doing labor is taxed.

If anything you’re doubling down on the most flawed aspects of our current system, introducing insane new ones, and possibly the most annoying bit is you seem to have zero interest in making even the most half-hearted elevator pitch as to how this could possibly make life better for the 99%.

It seems like when you say “flip” (a term you must abandon for something more specific) you mean unsecured debt. I’m not sure how that makes the US solvent, it just caps the debt, a limit we already have (and blow through every year).

There is no where to look. This is a fraudulent scheme. There is no way this works in any capacity when coupled with fractional reserve banking to increase the capital amount.

Th core of the idea that could maybe work is allow individual citizens to invest into a SWF and get some kind of priority as an early investor. This could allow some alignment of incentives.

But it's not real. A bigger problem emerges. Investors expect returns (especially if you offered favorable terms to jump start the fund), making it not really sovereign anymore. It comes under the whims of investors, which will all be proportionally high earners. Leaving the bottom earners poorer relatively.

Then you need to consider how it's managed, which investments are made, how are investment decisions made in terms of preferred vendors, vendor a vs vendor b. Becomes a nightmare logistically and really just becomes a target for corporate raiders via regulatory capture or even just kickbacks and hush money.

All of this just becomes redistribution with questionable chances for returns with high risks of fraud due to, among other items listed above, extreme moral hazard of the borrowers.