lordjeff
Qasim Rashid, Esq.The fact that Musk has lost $100B over the last month but is still the wealthiest person on Earth and financially unharmed in the slightest—all while wealth and income inequality is worse now than it was after the Great Depression—is Exhibit A on why we need to tax billionaires out of existence.
PedestrianError 
@QasimRashid The numbers are so huge I think they break the average person's imagination so they just tune them out. How can anyone possibly think he earned or deserves that but the person making their life easier by delivering their takeout order for a delivery app doesn't deserve basic food, clothing and shelter and just needs to work harder or be "smarter"/more greedy?
TheFwGuy 🇪🇺🇮🇹🇺🇸🖖@PedestrianError @QasimRashid Billionaires doesn't "earn", nobody can "earn" that insane amount of money !!
Earning imply DOING something, a job, a work, something to enrich the society.
They are PARASITE. Period.
Earning imply DOING something, a job, a work, something to enrich the society.
They are PARASITE. Period.
Xardas@thefwguy @PedestrianError @QasimRashid You need money to make money. Dude made a fortune by manipulating the stock market with Twitter posts. He also had rich parents, so he could test his business ideas without risk of starving. Unfortunately, the truth is that hard work does not make money these days.
lothar@PedestrianError @QasimRashid
Instructional tool to get a feeling: https://eattherichtextformat.github.io/1-pixel-wealth/
(from back in the days when Bezos was no 1 bad guy, but doesn't matter - all just got worse 🥴)
Instructional tool to get a feeling: https://eattherichtextformat.github.io/1-pixel-wealth/
(from back in the days when Bezos was no 1 bad guy, but doesn't matter - all just got worse 🥴)
CaptainAyeAye@lothar @PedestrianError @QasimRashid Thanks for posting this and reminding me that it existed. It's truly insane.
@PedestrianError @QasimRashid thinking about owning a house or at least a flat and that most people need to make debt that they work for 30+years can bring this into perspective. If you double the price you double the debt and the time it needs. So you recognize fast how much time some millions will take. And than you think about multi millionaires or even more and you should get an overwhelming feeling in your gut that something is not right.
Robin Barton@QasimRashid A Canadian Prime Minister said about wealth that there should not be a ceiling but there should be a floor. He was wrong. We need a ceiling and a floor and redistribute the wealth
@Robo105 @QasimRashid I'm ok with no ceiling, as long as there is a clear floor that gives everyone the chance to participate in politics, but even better would be, if the system is designed in a way that no strong minority can rule it.
It is definitely easier and simpler, if it was just protected by the ceiling.
It is definitely easier and simpler, if it was just protected by the ceiling.
xs4me2Exactly. It is an aberration that should be stopped.
3rdi@QasimRashid Some say Putin is the richest, How would we know?
Rando@QasimRashid or maybe ban the power structures and systems that result in billionaires. Corporations and stock markets
@therandomviking @QasimRashid Corporations need to be limited by government, not worshipped by government.
@Tom0602 @QasimRashid that's a nice fantasy
@therandomviking @QasimRashid Why ban the stock market? A company emit shares to fund its investments, and in return, everyone can have some stake in the company and earn from its success. It's a very good mechanism. Unfortunately, you have to invest wisely to avoid being pulled over by billionaires. I don't see the point of banning ways to get rich just because you didn't succeed.
@Xardas @QasimRashid that is due to a failure to think critically and probably a sociopathic lack of morals and empathy.
@therandomviking @QasimRashid What does critical thinking and empathy have to do with the stock market? It is not a money printer. I have to take a risk and invest my money in a company that I believe in and hope that it will be profitable. I'm not hurting anyone with this. Trying to ban the stock market, and criticizing it, is the result of a lack of understanding of economics.
@Xardas @QasimRashid no it isn't. It's from understanding the stock market and i don't have time to explain right now. Stocks don't work like you think in real life. They don't represent the value of a company. They are just rich people feelings.
@therandomviking @QasimRashid Many factors influence the price of a stock shares. There is a P/E ratio, which determines the dependence of the stock price on the company's earnings. It's not at all buying a stock because you "feel" that way. You buy if you believe that the company is capable of generating such profits in the future to justify the stock price, and you analyze the data. If you buy just because you "feel" that way, you don't know the stock market.
@Xardas @QasimRashid ah so not just because you "feel" it but because you feel like it's a good investment. I see. Completely different...
@therandomviking Did you understand anything from what I wrote? Because at this point you are just trolling. You rely on data. Statistics, numbers. Am I speaking too difficult words for you?
@therandomviking Okay. I read on your profile that you are a communist. That explains a lot
@Xardas you are bad at reading
dasparadoxon@QasimRashid maybe we just need a simple rule worlwide like "the richest man may only be five times richer than the poorest" or something.
Mrs RavenPeople always rush to the reasoning that if your tax billionaires, they'll move somewhere else.
So, win-win. If they aren't paying taxes here, who cares where they go to pay no taxes? Plus you get over the embarrassment of their tedious little lectures and exhibits of idiocy.
notable person@QasimRashid I'm fine with people having tons of wealth as long as they don't take away from society. like elon musk should be stopped because he's shiting all over the environment and the govt
but someone like warren buffet I'm fine with
but someone like warren buffet I'm fine with
Pacman@QasimRashid One has to sympathise with Elon Musk on his enormous loss. According to Forbes yesterday he is now having to scrape by with only 342.8 billion. We must start a Crowd Fund.
@QasimRashid Oh, but we're just "jealous." No, we just want a functioning democracy. We don't want to become serfs in the new techno-feudalism.
IlTano@QasimRashid
I don't need ideologies, a rich person is a being who unbalances the ecology, breaks the environment and generates violence with his mere presence
I don't need ideologies, a rich person is a being who unbalances the ecology, breaks the environment and generates violence with his mere presence
TC Won't Give In To Lies
yuhasz01Extreme wealth is like any addiction behavior ,ie, drugs, alcohol, gambling, violence.
Needs to regulated.....for both individual and society benefits and health.
The Sleight Doctor 🃏🍉@QasimRashid I've been saying this for years. The only people who've ever disagreed have faltered after I explained just how much money a billion is.
Humans aren't generally very good with big numbers.
Glenn@QasimRashid I think I prefer my idea of creating a "Hunger Games" for billionaires where it is legal to headhunt billionaires, and you can keep their money. As Trump would say "Great Television!".
Gabriel Pettier@QasimRashid and it's not even the first time he loses over a hundred billion… it's par for the course for him, he's so wealthy it's almost impossible for him to lose money fast enough to stop being a billionaire.
But yeah, no one should have more than say, a hundred *millions*, (and i believe that's already pretty generous as a cap), and if that forces someone to sell their companies so it takes more people to agree for things to happen, good.
Stephen Elliott~Buckley25% wealth tax/year, dropping to 5% when they're down to $78m
joene 🏴@QasimRashid I'm afraid taxing wouldn't be enough. One word: expropriation.
@QasimRashid super rich compared to others should not exist! (Now none can complain that it depends on the currency and with some it's easy to get high numbers).
Also the question: "But who and what is rich?" Is also unnecessary, as we can clearly define it as whoever has roughly X- times of the median.
We know who is super rich and as long as people need to worry about basics like food, water, hygiene, shelter and others I might have forgotten, there is no excuse for supper wealthy people!
Also the question: "But who and what is rich?" Is also unnecessary, as we can clearly define it as whoever has roughly X- times of the median.
We know who is super rich and as long as people need to worry about basics like food, water, hygiene, shelter and others I might have forgotten, there is no excuse for supper wealthy people!