The OLIGARCH (wealth tax) act is coming
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wrote on 3 Aug 2023, 21:15 last edited by Jon 8 Mar 2023, 21:15
My super rich friends (9 figures+) inherited it.
My rich friends (8 figures) worked for it and had plenty of luck.
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My super rich friends (9 figures+) inherited it.
My rich friends (8 figures) worked for it and had plenty of luck.
wrote on 3 Aug 2023, 21:22 last edited by@Jon said in The OLIGARCH (wealth tax) act is coming:
My super rich friends (9 figures+) inherited it.
My rich friends (8 figures) worked for it and had plenty of luck.
Male prostitutes don’t count either
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wrote on 3 Aug 2023, 21:50 last edited by
I imagine the billionaire I've been in the same room with, the owner of the company I work for, finds great joy in making other people rich. Everybody who reports to him gets generational wealth, and he did that. Well, his dad did, and then he inherited it.
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The difference between our situation and the ones that ended in revolution is that the 99.99% have the opportunity to become wealthy here. That was not true of Russia, France, wherever you might like to mention.
wrote on 3 Aug 2023, 22:08 last edited by@Mik said in The OLIGARCH (wealth tax) act is coming:
The difference between our situation and the ones that ended in revolution is that the 99.99% have the opportunity to become wealthy here. That was not true of Russia, France, wherever you might like to mention.
In the USA, darn near 100% of the population can afford a lottery ticket and therefore have the opportunity to become wealthy. The same can be said for Russia and France.
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The difference between our situation and the ones that ended in revolution is that the 99.99% have the opportunity to become wealthy here. That was not true of Russia, France, wherever you might like to mention.
wrote on 3 Aug 2023, 22:26 last edited by@Mik said in The OLIGARCH (wealth tax) act is coming:
The difference between our situation and the ones that ended in revolution is that the 99.99% have the opportunity to become wealthy here. That was not true of Russia, France, wherever you might like to mention.
Which I think is why the threshold has been higher this time. But it's not infinite.
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wrote on 3 Aug 2023, 22:33 last edited by
I see your point, but do you think any American truly has such a legitimate grievance? I don’t.
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I see your point, but do you think any American truly has such a legitimate grievance? I don’t.
wrote on 3 Aug 2023, 22:56 last edited by Aqua Letifer 8 Mar 2023, 22:57@Mik said in The OLIGARCH (wealth tax) act is coming:
I see your point, but do you think any American truly has such a legitimate grievance? I don’t.
No, I don't either, but I'm saying it doesn't matter. Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
Which, no, I don't know how we should do that. I just think it's possible that with AI job loss, a burgeoning capitalistic landed gentry, growing party animosity and central planning shenanigans, we could be in for some serious shit.
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@Mik said in The OLIGARCH (wealth tax) act is coming:
I see your point, but do you think any American truly has such a legitimate grievance? I don’t.
No, I don't either, but I'm saying it doesn't matter. Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
Which, no, I don't know how we should do that. I just think it's possible that with AI job loss, a burgeoning capitalistic landed gentry, growing party animosity and central planning shenanigans, we could be in for some serious shit.
wrote on 3 Aug 2023, 23:19 last edited by@Aqua-Letifer said in The OLIGARCH (wealth tax) act is coming:
… Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
The systematic way to do that is government
wealth redistributionwelfare. -
@Aqua-Letifer said in The OLIGARCH (wealth tax) act is coming:
… Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
The systematic way to do that is government
wealth redistributionwelfare.wrote on 3 Aug 2023, 23:22 last edited by@Axtremus said in The OLIGARCH (wealth tax) act is coming:
@Aqua-Letifer said in The OLIGARCH (wealth tax) act is coming:
… Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
The systematic way to do that is government
wealth redistributionwelfare.No.
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@Aqua-Letifer said in The OLIGARCH (wealth tax) act is coming:
… Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
The systematic way to do that is government
wealth redistributionwelfare.wrote on 3 Aug 2023, 23:38 last edited by@Axtremus said in The OLIGARCH (wealth tax) act is coming:
@Aqua-Letifer said in The OLIGARCH (wealth tax) act is coming:
… Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
The systematic way to do that is government
wealth redistributionwelfare.Progressive taxation, wealth tax, death/estate/inheritance tax, subsidize or make “free” lots of services (security, sanitation, utilities, healthcare, childcare, education, transportation, communications), social insurances/safety nets … all are forms of welfare and/or wealth redistribution.
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@Axtremus said in The OLIGARCH (wealth tax) act is coming:
@Aqua-Letifer said in The OLIGARCH (wealth tax) act is coming:
… Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
The systematic way to do that is government
wealth redistributionwelfare.Progressive taxation, wealth tax, death/estate/inheritance tax, subsidize or make “free” lots of services (security, sanitation, utilities, healthcare, childcare, education, transportation, communications), social insurances/safety nets … all are forms of welfare and/or wealth redistribution.
wrote on 4 Aug 2023, 00:04 last edited by Aqua Letifer 8 Apr 2023, 00:04@Axtremus said in The OLIGARCH (wealth tax) act is coming:
@Axtremus said in The OLIGARCH (wealth tax) act is coming:
@Aqua-Letifer said in The OLIGARCH (wealth tax) act is coming:
… Arguing over fair and legitimate won't keep the board from being flipped over. The only thing that will is keeping inequality from crossing the collective "fuck this" threshold.
The systematic way to do that is government
wealth redistributionwelfare.Progressive taxation, wealth tax, death/estate/inheritance tax, subsidize or make “free” lots of services (security, sanitation, utilities, healthcare, childcare, education, transportation, communications), social insurances/safety nets … all are forms of welfare and/or wealth redistribution.
I don't know why you think that's clever. Sanitation services are not UBI.
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wrote on 4 Aug 2023, 00:54 last edited by
A few things ...
- The manure hits the oscillator when the middle class is drastically down-sized or eradicated.
- Poor people need to pay taxes, even if it's just miniscule amounts. You care more when you have skin in the game.
- Rich people should certainly pay taxes, without an upper limit. (Social Security for example). Those taxes should be simplified with less loopholes.