It’s Time to Tax the Billionaires

24 comments

1. Works for me.

2. Reagan tax cuts… then trump cuts…

   Good article

3. it’s been time

4. They can afford it!!!!

5. Try taxing corporations the way people are taxed instead. ‘Tax the rich’ is a misdirection.

6. “Religion is what keeps the poor from murdering the rich.” – Napoleon Bonaparte

7. bUt JoB crEAtOrZ

8. Elon Musk recently bragged about paying $11 billion in taxes in 2023. That’s 3.5% of his net worth. My son, who works in a bike shop, pays more than that percentage-wise.

9. We need to frame the tax rate as an incentive for the very wealthy to contribute to the well being of the society. Think back to what the high taxes motivated the very wealthy to do back when the highest rates were 80% – 90%

10. Also time to tie wages to inflation. Corporations want to have tax loopholes. They want to cause inflation by being greedy bastards. Tax them anyways, and make our wages go up when they raise prices. Left or right, we all need to realize that we’re both getting screwed by the ultra rich, and they need to pay for it.

11. I wonder when it’ll all trickle down…

12. It always has been.

13. It’s always been time.

14. Past time.

15. Oh is it just now time?

16. Past time. We’ve seen how much the GOP kowtows to the ultra-rich, so let’s keep them out of economic policy. Like by voting them all out. You want a third party to become popular eventually? Start by getting rid of the one that’s actively trying to destroy the country.

17. Historical tax rates, and especially tax rates that were normalized by two World Wars and the cold war, are not a good comparative baseline. A good comparative baseline is tax rates in successful social democracies, like Australia, New Zealand, Canada, and western Europe.

    While the distribution of wealth is absurdly skewed now, and there is indubitably a dangerous plutocracy, it is not easy to fix that simply by deploying the measures that would have prevented its occurrence in the first place. Higher tax rates do not create equality, any more than the war on drugs saved lives. What these measure always do is raise the demand for the resources used to evade the laws: accountants and lawyers in the first case, and guns and drugs in the second.

    Start by stabilizing the electoral political process, and gain at least a reliable majority, before pressing the hottest buttons of the people who funding the crazy right, which is two shakes of a puppy dog’s tail from destroying democracy completely.

18. ‘Tax’ is a really strange way to spell “imprison then strip them of the entirety of their ill-gotten fortunes.”

19. It is called restoring taxes. It isn’t increasing or taxing new. It is restoring the scales.

20. First start with the politicians, they have ripped you off more than anyone else. Crime does pay.

21. Oh man, this is really going to piss off all the white rednecks who make ~40k a year.

22. This shit should be 100% upvoted.

23. I bet this headline showed up in every decade since the beginning of wealth and poverty.

24. With great wealth comes great poverty.