The leading French economist Gabriel Zucman is urging European governments to inflict financial pain on American billionaires in response to US President Donald Trump’s effort to seize control of Greenland, a mineral-rich island that some of Trump’s rich campaign donors see as a potentially massive profit opportunity.
“Access to the European market—by billionaires and the companies they own—should be made conditional on paying a wealth tax: in effect, a tariff for oligarchs. If Elon Musk, for example, wants to keep selling Teslas in Europe, he should have to pay it. If he refuses, Tesla would lose access to the European market.”
The digital ID is a Larry Ellison project through oracle so it seems like the politicians really want to shove American facist billionaires into your government
I’m pretty sure Ireland is where all the major companies are “headquartered” and technically keep all their money there for tax reasons. Ireland could just freeze the bank accounts of Apple, Google, Microsoft, Meta, Intel, … Or do something similar if they so choose as retaliation. Would be devastating financially afterwards, but would get the US’s full attention
Yeah, I don’t think that is going to happen. We are talking about Ireland… Right?
The EU needs to divest its self of US technology. It’s clear we have gone down the drain and will no longer be considered a competent ally.
Block billionaire’s services and nourish European alternatives.
Make all the IP of those billionaires unprotected in the EU. Maybe also get China on-board.
No Tariffs. tariffs can be passed on to the poor, who have no part in this invasion. Start sanctioning the Billionaires & seize their assets instead.
Repealing anti circumvention law might be a good place to start.
and why the fuck not all billionairs?
Tarrifs the fuck outta Tesla and spacex
It’s a super long read, but filled with nuggets that explain exactly how to hit the rich by taking away their money. The TL;DR is to repeal the country’s anti-circumvention law then route the subscription money locally.
The Post-American Internet (permalink)
there’s a third possible response to tariffs, one that’s just sitting there, begging to be tried: what about repealing anticircumvention law?
It’s hard to convey how much money is on the table here. Take just one example: Apple’s App Store. Apple forces all app vendors into using its payment processor, and charges them a 30 percent commission on every euro spent inside of an app… … Apple makes $100 billion per year on it. If the EU repeals Article 6 of the Copyright Directive, some smart geeks in Finland could reverse-engineer Apple’s bootloaders and make a hardware dongle that jailbreaks phones so that they can use alternative app stores, and sell the dongle – along with the infrastructure to operate an app store – to anyone in the world who wants to go into business competing with Apple for users and app vendors.
Those competitors could offer a 90% discount to every crafter on Etsy, every performer on Patreon, every online news outlet, every game dev, every media store. Offer them a 90% discount on payments, and still make $10b/year.
I’m a game dev and I’d love to see nothing more than Apple getting slapped down for what they’ve done to mobile gaming, but this won’t work.
Setting aside how hard bootstrapping a two-sided marketplace is, those of us that currently depend on Apple store placement and goodwill can’t risk pissing Apple off.
In the case of Apple, you’d host your stuff on whatever app store is the most popular in any given country. It’s sort of like F-Droid but for the normies.
What’s really interesting is the thought of jailbreaking your own tractor, opening the possibility to local aftermarket parts. Again, this would take the money from John Deere and open up a local market.
I am consistently disappointed when I hear politicians’ only recourse to anything is taxes. Remember how they were going to tax email to fix the spam problem?
Don’t hide behind fear of change. Just because you can’t imagine a possible future without Apple doesn’t mean no one can and that it can’t be done.
Tax Amazon, 50%
Tax Google, 50%
Tax Microsoft, 50%
Tax Apple, 50%
Tax Meta, 50%
Ban X, 100%
Ban Facebook
Seriously, at least the others, while evil, produce something of value for us.
Sorry, I’m being very disrespectful to the fan of the metaverse.
Sorry, I’m being very disrespectful to the fan of the metaverse
It’s ok. Zuckerberg can just shut off his emotion chip.
Seriously, at least the others, while evil, produce something of value for us.
Nothing that cannot be replaced. If they all disappeared off the face of the earth, we’d be no worse off.
Yeah, but you can do better.
Yep.
If Europe announced a 100% tariff on Amazon, Facebook, Microsoft, and OpenAI, Trump would be gone in a week.
you can do that by siezing thier properties and thier bank accounts(including thier investments).
I mean, most of their cash is sitting in Ireland.
I know some rich assholes here in the states… Put a 1000% tarrif on everyone visiting from the US. Nobody working class can afford it right now anyway.
This only affects the poor. It doesn’t affect billionaires, the ones who can affect change.
It’s cute you think the working class and working poor are clamoring for international trips.
I’m a middle-class guy and I like doing international travel. Slapping me upside the head will do nothing to Trump and his enablers.
Looks at my bank account…. Nope, no money for a European trip anytime soon. I need a new roof more than a trip. Besides, by the time I have the money, it’s likely going to have little value. Yay to being the new Zimbabwe
I think you don’t have the same definition of poor as I do in this context. Poor for me means not a billionaire oligarch.
According to lemmy, anyone with a retirement fund and able to go on even one vacation a year, is not working class… anyone who owns their home, and basically has a net worth over $1M, is not working class…
This kind of mentality completely works against the class consciousness we need to be building…
Hell, we need to be getting people with $5M net worth on board with us (i’m just throwing arbitrary number out). The target shouldnt be the 1% anymore… it’s the 0.1%
Yeah, there are a lot of people on Lemmy who have no idea about how much money it takes to have a modest but semi-secure life in the US. My net worth is probably a lot to those clueless wonders who carelessly throw numbers around. I’m utterly opposed to the fascists in power and want them not only removed, but to face justice, and for the system to be reformed to prevent them ever getting power again. And if that means no billionaires, fine. We need decent healtcare, we don’t need money-hoarders distorting our political system for their personal gain.
The target shouldnt be the 1% anymore… it’s the 0.1%
Precisely. Or even the 0.01%. It’s a long-tailed curve and that tail needs to be chopped off.
like i get it… a lot of people are struggling REALLY bad… but we must not fracture ourselves based on different tiers of “working class”
a doctor making $500k, with $2M in assets and investments is ALSO working class… fighting amongst ourselves is just crab-bucket mentality and exactly what the billionaire class wants us wasting energy on.
there is no war, but class war
This would be the largest W of the century, but I’m going to go ahead and manage my expectations
Treat the American oligarchy like the robber barons they are
