They got nation-states by the balls. They'll never let you tax them. At most there will be some concession made that just makes them look like they did something, how the ultra rich always do. Unfortunately liberal pacifism isn't nearly enough.
this post was submitted on 26 Oct 2024
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If you see these numbers and still think tax is the solution, you're not paying enough attention.
A system is what it does. Our system created this disparity, and will continue to allow it to grow as long as it exists. Any solutions within the acceptable limits said system has set out will never stop it, only placate the masses enough to stop us from tearing it down.
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You could take all the money of all billionaires.. that would cover government expenses for about half a year. The state doesn't have a revenue problem, it has a spending problem.
Better yet, end all taxes on individuals. Instead, all taxes should be levied against corporations, and they should cover the entire bill for a functioning society... And society should democratically decide what that entails. Tax the corporations so much that their stock prices fall back to realistic numbers. Then we won't have any of these fake billionaires who's "wealth is tied up in stocks", but also they can get loans against them. It should be very easy to get "rich" by working yourself, it should be very hard to get rich "letting your money work for you"
A tax on the amount of CO2 released per person, both directly and indirectly?
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I am not a tax expert (IANATE?), but with all the tax havens and multi-national businesses would they not just relocate? I am very much interested in the simplification of the tax code such that the burden shifts back to those keen on wealth extraction. I just dunno what that looks like as code and in impementation.
Sure, they can relocate. But you could structure the law so that you can't sell anything then. Apple is free to leave the US and not pay taxes, but then they are not allowed to sell anything in the US, have any offices in the US or hire anyone in the US. Of course such a law would never happen. But it's absolutely possible in theory.
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Maybe a hot take, but I actually think individual progressive taxes are great. Have a generous tax free threshold, but individual taxes stops excessive wealth hoarding and (in the case of inheritance tax) dynasties
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And by tax, we mean their actual wealth, not whatever pennies they give themselves each year as a "salary".
Minimum wage shouldn’t ever be a specific amount, it should be a percentage tied to some other economic metric, so that as inflation or cost of living rises, wages increase with it as well. This BS of having to wait for out-of-touch millionaire Congress members to approve of minimum wage increases is ridiculous.
Meanwhile, Congress has raised their own pay multiple times since they raised the minimum wage back in 2009.
Actually, looking into it, it seems that they gave themselves an automatic annual pay raise back in the ethics reforms act of 1989! Fucking assholes.
https://www.everycrsreport.com/reports/97-615.html
"The automatic annual adjustment for Members of Congress is determined by a formula using a component of the Employment Cost Index (ECI),......"
".....This adjustment formula was established by the Ethics Reform Act of 1989."
In Europe we call this wage indexation, you should try it!
Don't worry, we won't.
Canadians and Europeans, hold on to this stuff. There are people trying to take away universal healthcare from Canada and Brexit happened. This shit can happen to anyone if you get complacent.
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At this rate, we're going to have our first trillionaire by the end of the decade. How much is enough? How big does that pile of money need to be?
Kamala Harris promises to tax the top 1%
Donald Trump promises to tax the bottom 50%
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Why should the workers settle for only higher taxes and slightly more social programs, the workers deserve everything because without the workers there is nothing (furthermore without the capitalists there is everything).
Because we do not fight under conditions of our choosing, we fight where we stand.
Taxing the rich is a short-term solution, but it's one that we can do RIGHT NOW that would be a step in the right direction. You can't just quit capitalism cold-turkey without a bloody revolution. You have to take steps to transform society in a gradual manner.
The monkeys have too many bananas, we broke the system
Would be good.