They got nation-states by the balls. They’ll never let you tax them. At most there will be some concession made that just makes them look like they did something, how the ultra rich always do. Unfortunately liberal pacifism isn’t nearly enough.
If you see these numbers and still think tax is the solution, you’re not paying enough attention.
A system is what it does. Our system created this disparity, and will continue to allow it to grow as long as it exists. Any solutions within the acceptable limits said system has set out will never stop it, only placate the masses enough to stop us from tearing it down.
Axe the rich
I am bad at math, but I would love someone to do the math and figure out how many thousands of dollars would have to be on the ground for it to be worth the time of Musk or Bezos or Zuckerberg to pick up.
I mean they’d actually get into a brawl over a penny, but that’s a whole other issue.
I guess y’all don’t know what the point of capitalism is haha.
Exploiting your fellow humans for personal gain…we know exactly what the point is
Better yet, end all taxes on individuals. Instead, all taxes should be levied against corporations, and they should cover the entire bill for a functioning society… And society should democratically decide what that entails. Tax the corporations so much that their stock prices fall back to realistic numbers. Then we won’t have any of these fake billionaires who’s “wealth is tied up in stocks”, but also they can get loans against them. It should be very easy to get “rich” by working yourself, it should be very hard to get rich “letting your money work for you”
A tax on the amount of CO2 released per person, both directly and indirectly?
Maybe a hot take, but I actually think individual progressive taxes are great. Have a generous tax free threshold, but individual taxes stops excessive wealth hoarding and (in the case of inheritance tax) dynasties
I agree, and on inheritance anything over like $1m should be taxed heavily. Anything over say $10m or so should be taxed at or near 100%.
I am not a tax expert (IANATE?), but with all the tax havens and multi-national businesses would they not just relocate? I am very much interested in the simplification of the tax code such that the burden shifts back to those keen on wealth extraction. I just dunno what that looks like as code and in impementation.
Sure, they can relocate. But you could structure the law so that you can’t sell anything then. Apple is free to leave the US and not pay taxes, but then they are not allowed to sell anything in the US, have any offices in the US or hire anyone in the US. Of course such a law would never happen. But it’s absolutely possible in theory.
Minimum wage shouldn’t ever be a specific amount, it should be a percentage tied to some other economic metric, so that as inflation or cost of living rises, wages increase with it as well. This BS of having to wait for out-of-touch millionaire Congress members to approve of minimum wage increases is ridiculous.
Meanwhile, Congress has raised their own pay multiple times since they raised the minimum wage back in 2009.
Actually, looking into it, it seems that they gave themselves an automatic annual pay raise back in the ethics reforms act of 1989! Fucking assholes.
https://www.everycrsreport.com/reports/97-615.html
“The automatic annual adjustment for Members of Congress is determined by a formula using a component of the Employment Cost Index (ECI),…”
“…This adjustment formula was established by the Ethics Reform Act of 1989.”
In Europe we call this wage indexation, you should try it!
Don’t worry, we won’t.
Canadians and Europeans, hold on to this stuff. There are people trying to take away universal healthcare from Canada and Brexit happened. This shit can happen to anyone if you get complacent.
Kamala Harris promises to tax the top 1%
Donald Trump promises to tax the bottom 50%
Democrats already have the government right now and before that was trump and before that was 8 years of democrats again.
So since 2012, democrats had the government for 8 years and republicans for 4 years.
What makes this time special that they will finally tax the 1%?
I still think that harris is better than trump a lot, but it kinda makes you think if these promises are just that, promises.
Next step: specific campaign promises unkept by end of term become criminal fraud
At this rate, we’re going to have our first trillionaire by the end of the decade. How much is enough? How big does that pile of money need to be?
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That’s not how exponential growth works. A ×10 increase in 1.2 years implies a ×1010 increase in 12 years. According to these numbers it should be ×10 in 6 years which roughly aligns with the end of the decade.
lol i seriously messed up the math there sorry, thanks for pointing it out
You misspelled hang.
Tax solves problems
Violence solves result of problem
People are super mad at the Chinese police for arresting Jack Ma, prosecuting him, and having the guy do community service work for a few years. But that’s honestly way better than a guy that greedy and exploitative deserves.
Why should the workers settle for only higher taxes and slightly more social programs, the workers deserve everything because without the workers there is nothing (furthermore without the capitalists there is everything).
Because we do not fight under conditions of our choosing, we fight where we stand.
Taxing the rich is a short-term solution, but it’s one that we can do RIGHT NOW that would be a step in the right direction. You can’t just quit capitalism cold-turkey without a bloody revolution. You have to take steps to transform society in a gradual manner.
Eat the Rich,
Eat the Rich,
Don’t you know,
Life is a Bitch!
Eat the Rich,
Eat the Rich,
Out of the palace,
And into the ditch!
And by tax, we mean their actual wealth, not whatever pennies they give themselves each year as a “salary”.
They have so much wealth it’s hard to visualise how much they have.
Q: What’s the the difference between a million dollars and a billion dollars?
A: About a billion dollars.
Thanks for sharing this! I had not seen it in a while.
Eh, buying a president as your personal bitch and jumping around on stage with him in an undersized t-shirt with your belly sticking out like a brain damaged orangatan is a pretty good visualization of how disgusting this much money is.
buying a president as your personal bitch
Trump didn’t buy Musk. They’re ideological co-conspirators, eager for the day when they can each unleash the full force of the police state on their personal enemies. The fact that they both act like dim-witted children should warn the rest of us what too much money and too little social responsibility does to the human brain. Musk acts like a washed up 80s hack celebrity desperately flailing for attention because he’s fucked in the skull, not because Trump pays him to behave that way.
You got it backwards friend. In the grand scheme here Trump isn’t comparitively rich, he has an empire that constantly hemorrhages money but value wise he is sitting around 3. 6 billion.
Musk’s currently valued at around 269. 8 billion. He spends a ridiculous amount of money on super PACs and uses his purchase of different platforms to kill news stories that show Democrats in a positive light and bankrolls a lot of Republican stuff. Musk isn’t being bought, Trump is.
Errmm. Don’t think anyone thinks for a moment Trump is paying musk. Did you mix up your rich fascist dipshits?
It might be more akin to a Trump escort service. You can buy him for a few nights and go around seeing the sites (rallies) like some kind of weird instagram influencer where you can get the attention you’re craving (news cycle) and everyone will be calling you again (media) to reinforce how important you are.
Of course that only lasts for like a day since Trump is a gold fish, he’ll be back to insulting the industries and generally dismissing Musk unless he stays right in his peripheral view.
They hate each other. They all do.
But the difference between Trump’s wealth and Musk’s wealth is very close to Musk’s wealth.
A billionaire’s worth isn’t the size of the bank account but the limit on the credit card.
To date, I’ve seen nothing to suggest either Trump or Musk have a limit on how much they can borrow and spend. That’s largely because our historically fascist oligarchy of banking executives love their brand of politics.
Yeah, it’s one of the reasons Anna Sorokin took so much.
Banks were falling over themselves to lend money to her. They thought she was one of them.
The monkeys have too many bananas, we broke the system
