We need to raise taxes on the wealthy, but a billionaire wealth tax is one of the stupidest and least effective ways of doing it. Bernie knows this, but he's all about putting on a show, he knows this is popular and has no chance of being enacted. Typical Bernie bullshit, all talk, no action.
that's what you're doing. you're the one still crying over bernie bullshit
this is a perfectly fine initiative. that it's from bernie or from mickey mouse, no matter. the only reason you oppose it and find something to whine about is because it's from bernie
do better than projecting your own obsessions
@joeinwynnewood @benroyce @mstarace
One stop creating so many to begin with. Mutual fund managers, etc... should be required to control compensation.
- Make loans against capital taxable events.
- Restore the income tax on capital appreciation.
- Stricter laws on hiding assets fund the IRS.
- Raise the alternative minimum tax.
- Tax corporations based upon where they do business.
- Join the international minimum tax agreement to prohibit corporations from shifting tax burdens.
@punissuer @HakeemG @benroyce @mstarace
It's also a tax on wealth. Not sure how that is substantially different from just taxing the asset value above a threshold value.
@punissuer @joeinwynnewood @benroyce @mstarace
The billions already amassed is spilled milk, but all of it has to be transacted on to be realized. Billionaires have the greatest ability to move out of anyone, look at what Sergey Brin is doing, he bought a Miami house. I don't really care, but he's going to avoid the tax. Not to mention the incredible difficulty of calculating the tax owed and collecting it. This is a plan built for toddlers and not serious people. Typical Bernie!
@HakeemG @punissuer @benroyce @mstarace
Re: spilled milk
Not to the millions of US residents that money was stolen from as billionaires siphoned off $70T in productivity gains that should have been paid in wages.
Re: Make loans against capital taxable events
This is a way to tax existing wealth, but not much different from taxing capital appreciation or the capital itself as it requires knowledge of the capital wealth held.
@joeinwynnewood @punissuer @benroyce @mstarace
Maybe those millions shouldn't have kept voting for Republicans who kept cutting taxes for the rich and corporations? 77 million of them just voted for this crap in 2024 and another 90 million didn't care enough to show up, so yeah it's spilled milk.
@HakeemG @punissuer @benroyce @mstarace
The efficacy of the billionaires' money in corrupting our politics, in no small part by poisoning the media soup in which it swims, ought not be placed on the shoulders of people scrambling every day to get by, nor should the nearly as many who have consistently voted for better representation and certainly better outcomes than they've received when in the majority be shunted aside as irrelevant economic casualties.
Beyond that, there are effective ...
@HakeemG @punissuer @benroyce @mstarace
strategies for significantly increasing the odds of a majority consistently voting for better outcomes.
It would be helpful to focus on raising awareness of them, as I often do (see my pinned toots), than pissing on the people being most harmed.
@joeinwynnewood @punissuer @benroyce @mstarace
The people being most harmed? You mean those brown kids in ice shelters?
“By Sen. Bernie Sanders. Surprise! The Jeff Bezos-owned Washington Post is against my 5% billionaire wealth tax. I wonder why? If enacted, Bezos would owe $12 billion in taxes, and an average family of 4 would receive a $12,000 direct payment. Poor Jeff would be left with just $224 billion to survive.”
#alttext #AltText4You
Seriously, Bezos' absurd wealth isn't the real problem here, and it's disappointing that Sanders fails to either acknowledge or is too coward to say it out loud:
The problem with Bezos is that he's a fascist, and that everyone buying from Amazon or using their services doesn't give a shit to fund his fascistic actions.
Your toot feels eerily familiar to the ones of lazy ideological failures who always blame somebody else instead of taking responsibility for their actions and inactions.
In other words: Very similar to Trump and his filthy rich ilk.
Bye.
@LeelaTorres
Sen. Bernie Sanders be
@SenSanders = ST =
Surprise! The Jeff Bezos-owned
Washington Post is against my 5%
billionaire wealth tax. I wonder
why?
lf enacted, Bezos would owe $12
billion in taxes, and an average
family of 4 would receive a
$12,000 direct payment.
Poor Jeff would be left with just
$224 billion to survive.
Mere $200 billion?
You could barely afford a space launch facility and a global shipping company.
#Communism !!!
@mstarace @kevinrns
This is real! Call your members of congress to voice your support!
https://www.commondreams.org/news/bernie-sanders-billionaire

Sen. Bernie Sanders and Rep. Ro Khanna are taking a stand against billionaire greed with the Make Billionaires Pay Their Fair Share Act. It's time to end the corrupt tax code that favors the wealthy while everyday Americans struggle to make ends meet. Will you support this crucial legislation to cre...
Hurrah.
Of course its real, if unambitious.
Biden proposed a 25% wealth tax on billionaires. His proposal was on billionaire wealth over 20 billion.
@TMRuppert @mstarace @kevinrns
Good luck, but I'm sorry to tell you that it's not real. Bernie and Ro would NEVER propose it if there was even a one in a thousand chance of it actually passing.
They're fascists just like the Republicans. They just play non-fascists on TV.
@punissuer @[email protected] @TMRuppert @mstarace
Elections matter.
Biden and his Senate Budget Director Bernie Sanders taxed the giant untaxed corporations who hadn't paid taxes since boomers wore shorts, A Trillion dollars. Put it all on heat pumps, wind farms and solar fields. Lowest unemployment since FDR.
Elections matter, tax wealth, it's time for a New Deal, this game is rigged.
Needs to be annual!
@mstarace
my taxes increased by 10k this year!
but millionaires paid less.
@mstarace Sucks that he could have been president, and we got Donald instead.
And they're still allowed to rig primaries.
@mstarace Once you realize that the fact that the media has been captured by billionaires means that those media no longer represent the interests of their region, everything becomes simple really.
No more 'New York' this, 'Washington' or 'LA' that. Let alone 'USA' such and so.
Let's offer USA's ultra rich a simple choice: pay your share of taxes or get the guillotine.
That's much more generous than the people of France were in 1789.
Let's introduce a new slogan to counter MAGA:
LOTTA - "Little Off The Top America"
We could all wear green caps with an "L" on the front, that may or may not resemble the one worn by Nintendo's Luigi.