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#TaxTheRich

7 posts6 participants1 post today
Replied in thread

@cdarwin There's another important aspect to this. Sanders is 100% right about the spending cap, but the wealthiest among us generally do not make their wealth from wages. Only wages are taxed for the purpose of Social Security.
We also need to look at increasing capital gains taxes, currently at the lowest rates in modern times.
.
#ScrapTheCap
#taxtherich

Replied in thread

@yogthos No trolling, serious engagement. Part of me wants you to be right wrt Russia. Would like to get some arguments from you why Russia is not a threat to Europe, given that Russia invaded Ukraine, put out nuclear threats against NATO, is cutting our cables, etc.
You are mixing up things like the actual threat that increased military spending will be used to undermine social issues in the EU (#taxtherich by all means) with an ignorance wrt Russia.

Are there any coherent arguments against taxing very high incomes and wealth, to reduce social inequality ?

I don't think so. Three of the main arguments are:
1. Income and wealth belong to individuals - tax is theft;
2. Individuals make better investment decisions than governments or other social bodies; and
3. Unless people keep all or most of the income and wealth they have gained there will be no incentive to work, so everybody gets poorer.

The first argument breaks down because all income and wealth is social in origin - most profit arises from business 'externalities' - unpaid labour in the home, state education, free use of resources, use of public roads and other infrastructure... None of the world's major industries would be profitable if they paid for their use of these free resources.

The second argument breaks down because private investment only goes after financial returns or hobby-horses (like space rockets) not wider priorities with no quick investment returns (like education, home insulation, rewilding) - and a lot goes on socially useless investment in assets like housing just to extract rents - a disutility for almost everyone.

The third argument is disproved by history. In the 'Trente Glorieuses' - the 30 years or so after the war - marginal tax rates on both income and property were 70-90%, even in the US - but these were exceptionally hard-working years, with high economic growth, improving living standards, better education, more caring societies, etc, etc... When taxes were reduced from the 1980s on, social progress began to reverse.

Replied in thread

@georgetakei
As a fellow autistic person, I would give it a try… but I couldn't find Elon Musk on Mastodon… incidently that happens every time I look for a bad guy :p
If his jet flies near me, I will give it a shot and talk to him. Actually everybody can watch out on: mastodon.social/@elonjet Together I am sure we will (eventually) talk sense into him.
Keep fighting with democratic arguments!

MastodonElon Musk's Jet (@elonjet@mastodon.social)1.1K Posts, 7 Following, 69.6K Followers · Tracking Elon Musk's Private Jet (N628TS) with a bot using public ADS-B data , contact @JxckS for inquiries http://ElonJet.net
#badguy#bad#fckmsk

Mission Statement [reviwed and edited 24-12-21]
[but don't hold me to it]

After the devastating Dutch elections [‘23-11-22] I decided to dedicate my toots back to the original goal.
I care about a lot of issues, most global some national; but I won't be 'tooting' about them all.

First and formost I WANT to 'toot' about:
* #ClimateSolutions
Because I trust that most people reading know about the dreadfull future of climate change, I want to spread the, possible, solutions to a problem rather than reiterate on the problem.
* #ClimateJustice
One of those solution might be sueing the polluters or governments on human rights, violations or #Ecoside
* #ClimateAction
Action is by all means a solution.
* #ClimateEmergency
* #Climate

As said I want to focus on the global issue. I don't want to nitpick on too much principles. Like: "What's worse: eating cows or driving diesel?" Both are devastating behaviors of intitled rich people!
On the otherhand therefore I truly respect ANY effort to make a change for the better.

Most of all... I want to add instead of preach. Bring some bits of the puzzle to the table.

I'm NOT a scientist of any kind. I'm just a disabled old white guy typing on a desk reading and searching a lot.

I tend to toot 10-15 toots at 13:00* that I boost again unchanged at 20:00* the same day, but that's NOT a promise. [*=my [Amstedam] time]

I might be interested in: #StopCopCity #ClimateFinance #Capitalism #Energy #USpolitics #Ukraine #Europe #Bernie #XR #OceanCleanup #NextBlue #InductionCooking #TaxTheRich #Africa #FemaleSoccer #Ajax #WomensRights #Indigenous #BigOil #Greta #CityDesign #VanessaNakate #2030 #Wildfires / #Floods #IPCC #AOC and more.
But after a year or two there appear to be 4 general topics: #Climate #Gaza / #IsraeliGenocide #USpolitics and #Ukraine

I tend to follow anyone who 'retoots' or 'favourites' my toots. Forget it, I'm vain.
If any of my 'followers' wants to opt out... this is your chance, as always.

Billionaires want you to believe UBI is “too expensive.”

Meanwhile, they hoard trillions. They get tax breaks, loopholes, and bailouts - but when it comes to helping everyone, suddenly there’s “no money”?

There’s money. It’s just in the wrong hands.

UBI isn’t a cost - it’s an investment in everyone. ❤️

Replied in thread

Bezos is the "poorest" of the billionaires listed in the linked post, worth $241.9 billion
241.9 billion nm is more than halfway around an Olympic running track (400 m)

The US median net worth is about $190,000
Musk's is $394.2 billion

Musk has almost made it around the Olympic track while 50% of the US has gone about two hairs' breadth

3/3