- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
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if the goal is wealth distribution, we should really be going to the root of the problem.
how do these people become billionaires in the first place? fight the wage theft and legislate benefits for workers in the first place instead of taking the money back after the fact…
as much as i love taxing billionaires and seizing wealth, i think getting to the root of the problem is better optics and maybe more palatable to people
You can do both things.
This would cover the billionaires that exist today, while your approach would cover situations where they are being manufactured.
Both approaches are required here.
Rentier economy
We need to raise their taxes to compensate for how much control they have over the system. For example, we can’t just increase the minimum wage because businesses will raise prices, often beyond whatever additional spending power was given to workers.
The reason why taxing our rulers isn’t palatable is because we’re stupid. Until we climb over that hurdle, we shouldn’t expect things to improve.
Every working-class citizen voting for a representative that does not support this should take a long, hard look at themselves.
When are they going to “suggest” an Article II removal?
No shit fuck the bills that we all know die on arrival. Until Trump and his scum are removed we can’t have any good things.
I sure wish the article had details on exactly how the tax would be assessed. Net worth is just an estimate of the value of all owned assets, not the amount of cash they have.
Net worth is just an estimate of the value of all owned assets, not the amount of cash they have.
Given that billionaires get their spending cash by taking out low interest loans against the assets (and paying off those loans with other loans), that’s irrelevant.
When you get above half a billion or so in illiquid assets, you unlock the Unlimited Untaxed Spending Cash Forever hack.
I’m not disagreeing, I just want to know how Sanders plans on doing it
Shouldn’t be technically difficult at all: it’s basically just property taxes.
The only real difficulty is the lack of political will and overabundance of corruption of most of his colleagues.
