@QasimRashid
We should keep reminding ourselves of the dimensions. Such comparisons are very helpful.

Or this one:
1 million seconds = approx. 12 days
1 billion seconds = approx. 32 years
#TaxTheRich

@QasimRashid

Yes, but no.

He's worth $340b, that's not his annual salary.

But, it's hard to find an equivalent for a normal American, because so many people have a net worth of zero or less because of loans or mortgages.

If you wanted something salary-like for Musk, you could use the change in his net worth over time. That also has major limitations because it fluctuates so wildly. His net worth has gone up more than $150b since this time last year, but it's down about $100b in just the last quarter.

@QasimRashid people just have such a hard time getting the literally astronomical difference in scales. It’s so hard to comprehend a billion, let alone hundreds of billions.

I thought this website helpful.
https://eattherichtextformat.github.io/1-pixel-wealth/

@QasimRashid

"Tax" them out of existence.

You're adorable.

At this point, "taxing" is the best they can hope for

@QasimRashid However, I found it interesting that he spent 10 times as much on the Wisconsin race than he is willing to pay to support Child 13.

The sign of a true pro-natalist!!!

@QasimRashid

Taxing billionaires is definitely a good thing to do, but just taxing them without removing capitalism, the system that allowed them to become billionaires in the first place, isn't going to permanently get rid of billionaires. If the system that creates billionaires continues to exist, then even if you do tax them out of existence, they'll still be able to come back.

@QasimRashid I keep seeing this kind of comparison but it's worse than that. Someone on $39,982 has to make the decision between donating $2.94 to a political campaign (let's say) and being able to afford their rent, electric bill, and so on.

We need more equitable pay and yes, I agree, we need to tax billionaires out of existence.

@QasimRashid

it’s critical to understand this point. This amount of money equals social control. That alone makes it dangerous to democracy. We have a choice between limiting the amount of money a person can have or limiting what they can do with it. I’d prefer to democratize the work place and let workers decide the distribution of wealth from their labor.

@QasimRashid Point of order: that's like someone who has $40k _in their bank account_, not on their W-2.

Since a $40k earner probably only has access to a few hundred bucks at any given time with the rest going to bills and taxes — let's say they have $500 — it would be like that person spending 3.7¢.

@QasimRashid

25% wealth tax/year, dropping to 5% when they're down to $78m

#cdnpoli #canada #mexico #fascism #antifa #elbowsup #billionaires #broligarchs

@QasimRashid

You can only tax wealth out of a jurisdiction, never out of existence.

@QasimRashid
There are difficulties in taxing the vastly wealthy, on unrealised income.

Perhaps their shares of companies could be taxed, simply as a percentage of the company, passing it into State control.

@QasimRashid I don't think that's exactly right - someone earning $39,982 per year has expenses like rent, food, utilities, etc., and spend everything they make.

I think it's closer to the equivalent of a $40k/yr worker finding a nickel on the sidewalk. It's money that came from nowhere, they don't need it, and they wouldn't miss it they spent it.

And on this scale, the entire presidency was only two quarters.