ProffXFeb 10, 2025
Qasim Rashid, Esq.

A visual on egregious billionaire wealth & why USA should tax them at ~90% as we did during ~1940-1980.
•1 million seconds is ~11.5 Days
•1 billion seconds is ~32 Years

Meanwhile ~200M Americans live paycheck to paycheck. Nobody needs or earns $1B—let alone hundreds of billions.

Tax. Billionaires. Save. Democracy.

Feb 10, 2025 at 5:48pmWeb
Show threadtrumpresistanceFeb 10, 2025
@QasimRashid
Pretty much what Bernie has been saying to deaf ears for a long time now. It's now more valid than ever. Tax the goddamned billionaires at at least 50%, nothing wrong with 75%. Save Democracy.
Show threadLarry AllenFeb 10, 2025
@trumpresistance @QasimRashid 75% SOUNDS MUCH BETTER.
Show threadMemphisDaPlaya 🎲🎲Feb 10, 2025

@QasimRashid

It's absolutely the only thing that makes sense.

Show threadwedzFeb 10, 2025
@QasimRashid killing billionaire will be more funny 🤣
Show threadJoe Hill 🇵🇸🇺🇦Feb 13, 2025
@wedz @QasimRashid
Show threadLarry AllenFeb 10, 2025
@QasimRashid NOBODY ON THIS PLANET IS TRULY WORTH ONE BILLION DOLLARS.
Show threadPeter BrownFeb 10, 2025
@QasimRashid and for those at the back the 90% is only charged on the last tranche of their income. Their first $50k or $100k is taxed exactly the same as anybody else’s. But when somebody starts earning more than a couple of million a year it becomes impossible to spend, so it’s entirely reasonable that anything over that amount be taxed at 90%.
Show threadNicole ParsonsFeb 12, 2025

@QasimRashid

Get rid of fossil fuel subsidies, & defund fossil fuel funded fascism...

https://www.theguardian.com/us-news/2025/jan/23/big-oil-445m-trump-congress

https://www.reuters.com/sustainability/trillion-dollar-question-fossil-fuel-subsidies-2024-11-15/

https://www.nytimes.com/2024/03/15/climate/tax-breaks-oil-gas-us.html

https://www.theguardian.com/business/article/2024/aug/29/exxon-mobil-carbon-capture-government-subsidies

https://theconversation.com/countries-spend-huge-sums-on-fossil-fuel-subsidies-why-theyre-so-hard-to-eliminate-239346

https://ourworldindata.org/how-much-subsidies-fossil-fuels

Big oil spent $445m in last election cycle to influence Trump and Congress, report says

Investments ‘likely to pay dividends’, analysis says, as Trump unleashes dozens of pro-fossil fuel executive actions

The Guardian
Show threadJoe Hill 🇵🇸🇺🇦Feb 13, 2025
@QasimRashid
Nobody “earns” a billion dollars. They get it by robbing it from the people who earn thousands.
Show threadEhay2kFeb 13, 2025

@QasimRashid

Tax policy needs to take into account something I'd call a living income. Someone making $100m a year paying 80 pct tax rate on everything over say, $10m, is paying taxes on a far smaller portion of their living income than someone making $80k and paying 30 percent.

The former will not have a significant difference in lifestyle, the latter will and does.