Devide
verb
Obsolete form of divide.
First you need to stop money from systematically flowing to the top or that dividing is only going to be a temporary measure.
How tho?
I’d argue there should be a flat out cap on wealth. Nobody should have 500 billion dollars. Not sure what it should be, but somewhere under 500 billion.
Would be nice, would still require a revolution.
Acceptable
You can have a soft cap with higher taxes as wealth goes up.
To name a few:
- the classic riot, violence and/or revolution
- the coup
- organizing through unions and have general strikes until things change
- sustained peaceful protest
- voting
- switching to a different (underground) economic system
- massive emigration
All come with some serious downsides of course.
or to sum it up: socialism
Tax wealth.
Would require either revolution or threat of it to pass to a meaninful degree.
Turns out that technically they don’t have wealth, just a lot of loans with paper assets as collateral.
No. Leave my IRA and 401k alone.
There is a reason every country that’s tried a wealth tax has abandoned it (or neutered it to the point that it’s primarily the burden of the middle class, completely defeating the ostensibly-stated purpose of getting more money from the wealthiest), learn some world history.
The reason countries abandon wealth taxation is because the ruling class, the bourgeoisie, doesn’t like it, and the justification is that it hurts the working class, the proletariat, even if that isn’t true.
No, they abandon it because the total tax revenue after implementation literally goes down instead of up, lol.
Just because 100 people will buy your product X at $10 and you make $1000, doesn’t mean you’re guaranteed to make $2000 if you sell X for $20 instead. That’s basically the same principle–raising taxes doesn’t necessarily lead to an increase in revenue. People react to changes in policy.
This is not speculation, it literally already happened. Stop speaking about this from your assumed expectations and learn the actual history.
I’m aware of how the economy works, we all took econ 101 and many of us went beyond that. You need to stop feigning superiority and assuming a lack of education on anyone pushing back against what you’re saying.
Are they worth over $10M? I mean $0.01B…
What’s funny is that we don’t even need their money to pay for anything. We need to seize their means of production and dethrone them from their control of the state.
It’s not “their” money. It’s our communal wealth, stolen and privatised
It’s 100% their money. They control its rules, and it’s designed to make them rich at our expense. Their money is part of how they steal our wealth.
Yes, but I’ll do the dividing. Just trust me on this one
Yeah I’ll evenly spread out Elon Musk’s $200 billion.
You’re still winning the name game, btw. I honestly don’t think anyone’s gonna pass it
Isn’t that the definition of taxation and redistribution of wealth?
Yes but if we can’t spell divide I’m not sure I’d hold out hope for nuanced or accurate political commentary.
No need to shame people for their spelling. You never know, the person in question might not be a native english speaker or could have dislexia.
Stop letting them borrow against it.
But their nephew’s painting on the wall is worth a million bucks.
Everyone in this thread should support an inheritance tax
It is not a “death tax” it’s a tax on unearned, undeserved income
Come on man you can’t even spell divide
Devide
verb
Obsolete form of divide.
Apparently, yes.
*Divide
How about capping the amount they can earn above their lowest paid employee? For them to rise they have to take everyone with them
They’d just ‘devide’ up their businesses into a chain of symbiotic entities defined by paygrade. Then the executive level can enrich itself insulated from us front line grunts.
Or to be realistic, maximum ten times more.
Let people dream a bit!
Devide
