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There's a lot to unpack there, but it's mostly cherry picking scary sounding stuff (to the rich anyway) about taxes being the Golden Calf that kills productivity. Which is a stupid thought because the root cause is money being used to create more money without the pesky in between of production.

exacty. taxing 95% of billionaire wealth (maybe more?) is CORRECT on principle

I mean the rich already have their own satellites and missiles. What's next? Warheads? Internet kill-switches? Do we have to grovel before Elon or he'll nuke us?

At worst, we soak the rich and everyone gets a free ice cream cone. I’d be fine with that.

let other people have a fucking turn on the machine. And yes, that includes taking your business empire, breaking it up and selling it, and letting 10,000 local chicken places start up instead of 10,000 KFCs.

We're going to need an OT program for affluenza. 🙃

We need to bring back high marginal tax rates and remove the incentive to strip the profit off everything everywhere.

This was quite a good video youtu.be/umJ6AJp9w20?...

that would be the best outcome, how awesome would it be "Bezos, Zuckerberg and Musk renounce their citizenship" - yes please! Like where are they going to go ? Good luck!

It’s no coincidence that the prevalence of billionaires and their obscene wealth in America is directly correlated with the lack of structural accountability holding this administration back. This is far beyond financial equality. NOBODY should have this level of power over their fellow citizens.

100% - like the reverse of the "trickle down" justification - whose primary effect is to make rich people richer - any other benefit is purely coincidental Going after billionaires is justification enough - any other benefit is coincidenctal but welcome

Once again tapping John Rogers’ sign: bsky.app/profile/john...

Wealth is the power to allocate resources and labor. Why does it make sense for unaccountable individuals or self-interested closed entities to have more allocative power than entire societies? Why can economists not understand this basic fucking fundamental of the study of economies.

we can't tax the right how else will they afford to go to epstein island 2

Pweese don't hurt the poor defenseless billionaires! They're just little innocent beans that want to be left alone with all their ill-begotten wealth so that they can *checks notes* manipulate politics, the economy, and the environment, thus making things measurably worse for everyone else!

"Going after me for restitution after I stripped your car of all its parts, gasoline, and safety devices won't magically 'fix' your broken vehicle."

It’s simple. Tax them. If they move to another nation for tax avoidance, refuse them entrance to the US. No pay, no stay!

100% facts

We can take their wealth and burn it and it will still be a better world. The world's richest man bought himself into our government and has set off a global Holocaust with the destruction of USAID. That right there is the last argument any of us needs to end them.

I mean it could be net negative for the fisc and still be worth doing! The concentration of power is the problem and it’s not a problem of resource allocation.

They already have unprecedented enfluence over elections and politicians beholden to their interests. I'll take any means of reducing their monetary power

In the words of now disgraced philosopher, "No one man should have that much power."

I wish Erin still posted here. This is her from the bad place long ago.

We’re just trying to protect the billionaires from themselves. It’s for their own good. bsky.app/profile/clay...

Hence my proposal that after 100 megadollars, the tax rate goes to zero and you are contacted by the mausoleum service who will take all further earnings to build you a fitting resting place

Also, maybe the budgets are busted because the rich don’t pay their fair share of taxes in the first place?

Nearly every story with Dragons as antagonists has a lesson that boils down to, "When someone is hoarding all the wealth, you kill that motherfucker and bring the gold back to the peasants to jump start the local economy." I see no reason to assume that would be any different in real life.

“Don’t go after robber barons. Commit to austerity instead 🥰” Wtf is this article

Taxing the rich is the more humaine solution than my method

For one, it absolutely fixes budgets. Secondly, however, to your point, yes, it has been shown time and again that extreme wealth inequality is detrimental to democratic governance itself. Every billionaire is an open threat to our human right to self-governance.

All this makes me think of is the Vinny Thomas video where he is a billionaire who got taxed and now has to work a retail job because he’s just a “multi-millionaire” now www.instagram.com/reel/DSBcmYA...

Generally we don’t want a world war to break out because a billionaire’s anxiety is slightly worse on Tuesday than it was on Monday

that's a smart way to put it. haven't exactly thought about it that way before but you're right. my thought has been that the basic social contract is everyone agrees to be governed and in exchange the government works for the good of everyone. billionaires inherently pervert that to their ends

God, I hate articles like this so much

Just make every penny over $1bn at 100% tax - no write-offs, you can't donate it or split it to family, DNGAF if it's capital gains or whatever: every penny after gone. Go fuck off and retire, and let someone else have a go on the machine for a while.

Routine drug tests

Just cut off donations at 100 per person - or, hear me out - make campaigns funded by the Federal Government at $10m per candidate. NO donations. No PACs. NOTHING. All campaign funding is from government, and when it's gone - I hope you did a good job. Guess you'll have to run on POLICY!

All of which is to say? They all need a 99% haircut but don’t oversell the project.

They are very very very wealthy. But thanks to wealth disparity, there aren't enough of them.

It cannot be overstated how corrosive wealth inequality is on every level It erodes the social fabric and institutions, but it boils away the billionaires' brains too

And even robber barons of the past did things like build hundreds of libraries and other cultural and educational institutions with only their name on them as a price. Meanwhile the current crop of billionaires only invest in buying politicians and media companies to further their own interests.

When you come across a person with hoarding disorder, who is behaving dangerously to themself and others, the correct response is not "they worked hard for those thousands of newspapers and *earned* them"

(this is presented as a further example of why someone shouldn't have enough power to tip the balance of a war by crippling a nation, whether we like that nation or not)

Reaganomics must die its been around my whole life. Billionaires must be eliminated and a new platform of must be established.