markus
Dr. Damien P. Williams, MagusSporadic reminder that billionaires have more money than they could spend in multiple lifetimes and could be using all of that to help make the world a better more just place, so we should tax the fuck out of them, take as many of their resources as we can, and do it for them, since they've decided to hoard it like the world most boring dragons, instead.
Joseph A di Paolantonio@Wolven undoing much of the tax code implemented under the Reagan Administration would work towards this in the USA, plus taxing excessive profits
Jeremy Kahn
gudenau@Wolven They are destined to do this and most importantly have a history of doing this!
NEW SERVER>> @Wolven first time I’ve seen that billionaires as dragons analogy and it’s WONDERFUL
Dan W@Wolven @timrichards
During the 1990s recession, my dad told me that money doesn’t just disappear, someone has that money.
It is up to the populace to;
A) extract as much money from the Millionaires as they can through legitimate means.
B) prevent the Millionaires from accruing any more funds by not supporting their businesses.
My dad was a “bit of a socialist”.
Peter Kraus@Salvo @Wolven @timrichards while I appreciate the sentiment, money doesn't work like that anymore. Banks may create money whenever new loans are made, and they generally do. Loan repayment may, but doesn't have to, lead to annihilation of that new money. It's not a zero sum game.
@pkraus @Wolven @timrichards it also doesn’t help that those Millionares have been supplanted by Billionaires who run Monopolies and Monopsonies.
We have no choice by to give them our money because there is no one else and producers have no choice by to sell to/through them because there is no one else.
Jo - pièce de résistance
Kingsley Bugarin PLY OAM 🇦🇺The hoarding mentality boils down to a belief that 'he/she who dies with the most toys wins'.
Susan Larson ♀️🏳️🌈🏳️⚧️🌈@Wolven That's why over say 10 million a year, the tax rate should be 90%, and over 50 million a year 100%. This should include all benefits and any other form of compensation as well, not just their take home pay. And no deductions period. Not a single one.
hanscees@Wolven @peter Agreed
We can do that effectively by taxing financial trade #econrevolt
My ideas on it on https://econrevolt.com
We can do that effectively by taxing financial trade #econrevolt
My ideas on it on https://econrevolt.com
Doug Bostrom
Walop@Wolven While a valid point no person should have that kind of wealth, there is a slight difference in having wealth and money. The rich might even have less money on their bank account than a middle class person, because their wealth is tied on stocks and other assets and they buy everything requiring actual money on credit. Point being they are not sitting on a pile of money, the value of their wealth is speculative until actually liquidated and that makes simply taxing them difficult.
@Walop All money is imaginary and stands as an abstract symbol for concentrations of value and a control over resources which, at that level, could and should be used to help everyone, everywhere, so moving some imaginary value abstractions around in some other imaginary value abstractions is not, i don't think, that hard.
Kenneth John Bardsley@Wolven
Some of the billionaires are doing exactly what you suggest. Bill Gates and George Soros being two exemplars. Others are not, and should be made examples OF.
Some of the billionaires are doing exactly what you suggest. Bill Gates and George Soros being two exemplars. Others are not, and should be made examples OF.
Linebyline→mastoart.social@kennethb @Wolven If you're an ethical billionaire, you're not a billionaire anymore. Anything they give is a pittance compared to what they're sitting on.
Can't speak to Soros but Gates "donates" to a charity, named after himself, that he controls. He's not being altruistic; he's buying both goodwill and control. Also, dude lobbied hard against open-sourcing COVID vaccine patents, so saving lives obviously isn't as important to him as profits.
@linebyline @Wolven
Gates is giving away 90% of his fortune and has pledged 90% of all future earnings, through a charitable foundation. He gets a pass from me. Soros has given away £billions too. Others may be doing things that are undeclared. On average, they are doing nothing like enough of course, and should be taxed more heavily, but clever accountants usually prevent that.
Gates is giving away 90% of his fortune and has pledged 90% of all future earnings, through a charitable foundation. He gets a pass from me. Soros has given away £billions too. Others may be doing things that are undeclared. On average, they are doing nothing like enough of course, and should be taxed more heavily, but clever accountants usually prevent that.
Blippy the Wonder Slug (MOVED)
sollee (e/acc) 🟨⬛@Wolven taxation is theft
Medea Vanamonde🏳️⚧️ ♀@Wolven none of them has stepped up to become a real world Jeff Tracy
ConsoleWitch@Wolven "the worlds most boring dragons" is so good.