Billionaires should not be possible

[falcennial@mastodon.social]

@stux

taxation is the only force upon this Earth that can turn a billionaire into a human being.

billionaire interests have been heavily represented forever. therefore they need to be taxed heavily and forever.

[bileloubi@tooting.ch]

@gettie @stux doesn't seem incompatible to me.

[resl@mas.to]

@stux @falcennial Taxation at the global scale too. Think capital controls. Think debt cancellation. Think international monetary policies like devaluing a currency as a means of hastening its reinvestment back into the real economy, into use by people trying to live and eat and work.

[ef@mastodon.bsd.cafe]

@falcennial @stux taxation wouldn't work that way. Only the rich get to negotiate how much tax they pay to tax authorities, government capitulate then tax the masses to make up the 'short fall'.

[dmian@mastodon.social]

@stux Exactly! And sometimes it’s difficult for me to understand why some people can’t see it.

Billionaires are societal cancer. They’ll take more and more from their host, until everything dies. And as cancer, they need to be removed. Tax them to extinction!

Billionaires are cancer, taxes are the treatment. For a healthier humanity, they need to go.

[springdiesel@spore.social]

@gettie @stux

I came to the replies to say rigged. The system is rigged.

[nini@oldbytes.space]

@stux Even a millionaire is an aberration.

[maccruiskeen@social.linux.pizza]

@stux Myabe there should be just one, you know, like in Highlander.

[renwillis@mstdn.social]

@stux the big issue is, from an income perspective, they have enough loopholes to not be “billionaires” from a tax perspective. Yes, billionaires should not exist, but at the very fucking least, we HAVE to close these tax loopholes! If they borrow based on their worth and use that as non-taxable income, fix this!!

[rozeboosje@masto.ai]

@js @stux I'm not opposed to millionnaires. You put in hard work and take financial risks and you end up with €1m or even €5m to your name, good on ya. Well done. Enjoy the fact that you'll never need to worry about making ends meet ever again, if that's how you got there.

But it's impossible to get wealthier than that without exploiting vulnerable people. Being financially secure is fine. Being obscenely rich is not. Anything over a SMALL couple of million IS obscene.

[stephaniemoore@mastodon.online]

@stux I loved AOCs line that billionaires are a policy failure. Indeed.

[pelle@mastodon.ie]

we are closer to being millionaires than a millionaire is to become a billionaire. Here in ireland a detached house is at least half a million euros, which I know is insane, but a few decades ago owning a detached house, two cars, all on one salary for a family of 4 would've been considered "middle class"

[fluffykontbiscuits@mastodon.social]

@pelle went to see a place in Ballyfermot this morning...280 for a wreck...mad isn't it

[zombywoof@mastodon.org.uk]

@stux
It's a symptom of not enough stock holders having a direct impact on companies & boards of directors, because too many stocks are held by ETFs & investment funds, so the individual stockholders lose touch. It has to be addressed in such a way so that ETF holders have a say in the direction companies take & the salaries & stock options given out

[screwturn@mastodon.social]

@stux
Its a failure mode

[karenkeiller@indieweb.social]

@stux it has been decades since my #geography degree, but we considered that it wasn’t a deficiency problem but a distribution problem.

[coryniday@mstdn.social]

@stux hugs.

[krystyna@toad.social]

@stux

Billionaire wealth is unmerited.

[mostlytato@mstdn.social]

@stux
The fact that anyone could be desiring of such obscene wealth whist failing to understand the potential value of a better future for all, is at the heart of the human tragedy and the reason why the Fermi Paradox is so existentially un-navigable.

[hanscees@ieji.de]

@stux @Pollinators the financial system is the leech that sucks #democracy dry. We need #tobintax