Qasim Rashid, Esq.Apr 2

Guy worth $340B spending $25M in WI is like the median American worker who makes $39,982 a year spending $2.94.

Meaning, a $5 cup of coffee has a greater financial impact on a working American than $25M did on a maniac billionaire.

This is how democracies collapse.

TAX BILLIONAIRES OUT OF EXISTENCE.

JakubApr 3
Show threadMerc

@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.

Apr 2 at 5:33pmWeb
Show threadBlueDot🇺🇦Apr 2

@merc

I don't mind that #Musk doesn't have a billion dollar salary, because I favor a #WealthTax on his net worth.

If there are still billionaires after we implement a wealth tax, it's not big enough.

https://left-tusk.com/@BlueDot/113516268079604227

@QasimRashid

BlueDot🇺🇦 (@BlueDot@left-tusk.com)

Content warning: US politics

Mastodon
Show threadAaronMay 14
@BlueDot @merc @QasimRashid First, we have to restore democracy so it's possible to vote in someone who will do this.
Show threadGilbert PilzApr 2
@merc @QasimRashid I don't think most people have the imagination to understand Musk's relationship with money. He controls $340b in assets. What that means is that he can, very easily, leverage those assets to accomplish almost anything you could possibly imagine. He has no need to generate any sort of "income". It wouldn't allow him to do anything that he can't already do.
Show threadKumaSudosa 🇩🇰🇪🇺 🇺🇦🍉Apr 2

@merc @QasimRashid There's a reason income tax is the primary taxation form. The wealthy don't have incomes and play by other rules. Income is for regular people. What Darth Musk controls is a lot more powerful and it's silly to excuse it with "achtuallyy he doesn't.." this is the game. This is what's wrong with the system.

#WealthTaxNow

Show threadAaronMay 14
@merc @QasimRashid Just divide his total wealth (I refuse to call it "worth") by his age. It will vastly underestimate the current growth rate, but still make it painfully clear that no human should ever have that much power over society.