Nazo
myrmepropagandistListen. I know the wealth tax sounds bad especially for someone like you, but if working class people are doing better you must understand Economics 101. The wealth will ...trickle back up as the whole economy does better and soon you'll be doing better than ever and won't even remember that this tax happened.
There I've explained it. Now everyone can stop crying and whimpering. It's getting very annoying.
If there is any more complaining just say "trickle up" or "economics 101" and nothing more. That's how this works I think.
Petra@futurebird look, everyone groans when you start the new game without all the powerups you got in the last one in the series, but we all know it would just be boring without doing that
Kevin Riggle@futurebird Really the mistake had always been to consider the wealthy as the mountaintops, when in fact they’re the oceans and money is water
@futurebird (Rich people always struggle to realize that, and we cannot emphasize this enough, _poor people spend money_. If I could put rich people into reeducation camps and get one thing through their heads it would be this.)
This can be done by having them live on a "poor" budget for a time in a country where they know no one who might help them.
suzanne@futurebird
Wealth bubbles up!
Wealth bubbles up!
Sin Vega@futurebird (guy whose wealth is predicated on taking money from poor people voice) "I think it would be good if poor people had less money to start with"
@futurebird (obviously that's most wealth but)
The Animal and the Machine@futurebird @stevegis_ssg
The really dumb thing is that it actually does work this way. Raising the wealth of lower to middle raises the value of the whole economy.
Put simply, raising the US poor out of poverty raises the value of your dollar to buy more Yuan.
The current billionaire strategy is to have more dollars where all of them are worth less. That’s not a wealth strategy. It’s stupidity.
I promise everyone. Wealth and socialism are on the same page. Always has been and always will be.
The US president has been mumbling things about cutting $2k "tariff dividend" checks for every American... since he's in so much trouble with the public over 'the economy.'
I find this *fascinating*.
This is just... mini UBI. Out of nowhere.
I also don't think it will happen as it will erase all of the higher unemployment they have been trying so hard to manufacture.
If he's going to call it a "dividend" it should be every quarter, shouldn't it now?
Jestbill
K M Lawrence@futurebird @taatm @stevegis_ssg Last US president to try UBI was Richard Nixon, I think. So maybe there's one upside to having a criminal president.
Yora@taatm @futurebird @stevegis_ssg It's not about wealth.
The post-capitalist system is about increasing and maintaining the gap.
The parasitic rich already have infinite money for all intends and purposes. They don't need any more wealth. But what they need is to keep the people poor and powerless so they can maintain their stranglehold over society and continue their exploitation.
Luci Callous Thumb@futurebird but it is not enough to be rich, the poor must also suffer
Cat@futurebird THANK you I've been thinking about trickle-up economics for decades
See also: a rising tide lifts all boats. I think someone got the metaphor backwards at the start
RaymondPierreL3@futurebird
The healthiest economies are those where the sovereign weatlh is more equitably and equaly spread throughout society and where that wealth circulates through all economic sectors. Hoarding — as #TheRich do — is a healthy economy’s antithesis.
The healthiest economies are those where the sovereign weatlh is more equitably and equaly spread throughout society and where that wealth circulates through all economic sectors. Hoarding — as #TheRich do — is a healthy economy’s antithesis.
@futurebird It's really crazy when you realize that the ultra-wealthy — the ones actually affected most by a wealth tax — are the ones who also most can afford it and are least affected by actually being taxed. It just means one less superyacht per year really. (Which still isn't zero...)
It's just a special level of greed in which they'd rather die than even let one cent go to anyone else if they can help it, despite the fact they are the ones who most can spare it.
@futurebird I think the thing that really gets me is it isn't as if we don't have precedent. We've had taxes on the ultra-wealthy in the past. It's not something new. And each time we did it was great for the economy*.
* America thinks economy means the stock market. In this context it does not. Economy means economy instead. As a side effect, the stock market does also benefit from a better economy.
davecb 🇨🇦@futurebird To be fair, I wouldn't mind Piketty's 1% wealth tax. I'm just comfortable, and 1% is less than the annual to and fro of my investments. Down in the "noise"
ira@futurebird yes!
Plsik (born in 320 ppm) 🇨🇿🇺🇦🇵🇸@futurebird Come on. Wealthier poor people is a contradiction in terms. When the rich hide away in their residences behind razor wire, they will need some fundamental difference between what they offer their service staff and what those outside the fence will have. That is, those surviving outside the fence.