Church of Jeff#NoBillionaires #EatTheRich #TaxTheRich #GuillotinesWork #AreYouMadeOfCake
#water
This is how morally bankrupt all those billionaires you suck dick for really are.
ferricoxide@jeffowski
As someone for whom a literal "$1000 in your pocket" would be "real money", while I might want to give $65, my life circumstances would likely preclude me from doing so.
…but I get the point Cox is trying to make.
As someone for whom a literal "$1000 in your pocket" would be "real money", while I might want to give $65, my life circumstances would likely preclude me from doing so.
…but I get the point Cox is trying to make.
@jeffowski
Ultimately, I feel it's less a question of "asking" them to help than undoing the policies that simultaneously created the civic financial-shortfalls while fostering the explosion in the number of obscenely-wealthy.
Ultimately, I feel it's less a question of "asking" them to help than undoing the policies that simultaneously created the civic financial-shortfalls while fostering the explosion in the number of obscenely-wealthy.
Stephen Elliott~BuckleyXactly
I'm looking for a 25% wealth tax/year on families worth more than $200m, dropping to 5% when they're down to $78m.
#cdnpoli #canada #mexico #fascism #antifa #antifascist #elbowsup #bcpoli #vancouver #burnabybc #canlab #bcgreens #bcndp
@Maxfieldripken @jeffowski
A huge part of the problem, at least in the US, is that the wealthy are often using untaxable financial instruments — frequently, being paid in stock or similar non-liquid assets — rather than "regular Schmoe", payroll-style (taxable) earnings. While I'm not saying "tax unrealized gains" (on those instruments), one should tax the hell out of effective gains (e.g., when one uses the value of those non-liquid assets as collateral/leverage for acquiring further assets). Basically, if banks are giving you $100Mn against your non-liquid assets, then tax the fuck out of that $100Mn.
Basically, a "if _you're_ going to take personal benefits from those assets, society gets its cut of those benefits" taxing-posture.
A huge part of the problem, at least in the US, is that the wealthy are often using untaxable financial instruments — frequently, being paid in stock or similar non-liquid assets — rather than "regular Schmoe", payroll-style (taxable) earnings. While I'm not saying "tax unrealized gains" (on those instruments), one should tax the hell out of effective gains (e.g., when one uses the value of those non-liquid assets as collateral/leverage for acquiring further assets). Basically, if banks are giving you $100Mn against your non-liquid assets, then tax the fuck out of that $100Mn.
Basically, a "if _you're_ going to take personal benefits from those assets, society gets its cut of those benefits" taxing-posture.