#makepovertyhistory — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #makepovertyhistory, aggregated by home.social.
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Now hear me out please and let me know if this is wildly out. Lots of talk about taxing billionaires. But I *think* you might find it wouldn't even cover one week's worth of change recently in the budget black hole let alone give loads of dosh to spend on pet projects. UK's 55 billionaires if similar to those across the world, would be "worth" about $296bn in total. Not even 3/4 of a Musk. If you were to tax that capital value at 5% (a simple proxy for the entire income flow fro $296bn invested) you'd get just $14bn a year in extra tax.
If you want to tax better, stop looking at merely how much people have. And as Churchill said in his enlightened days as a #Georgist Liberal ask instead "how did you get it" and reward those who produce the wealth and tax those who take the surplus generated by the whole of society. #abolishtaxes #sharetherents #makepovertyhistory
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Now hear me out please and let me know if this is wildly out. Lots of talk about taxing billionaires. But I *think* you might find it wouldn't even cover one week's worth of change recently in the budget black hole let alone give loads of dosh to spend on pet projects. UK's 55 billionaires if similar to those across the world, would be "worth" about $296bn in total. Not even 3/4 of a Musk. If you were to tax that capital value at 5% (a simple proxy for the entire income flow fro $296bn invested) you'd get just $14bn a year in extra tax.
If you want to tax better, stop looking at merely how much people have. And as Churchill said in his enlightened days as a #Georgist Liberal ask instead "how did you get it" and reward those who produce the wealth and tax those who take the surplus generated by the whole of society. #abolishtaxes #sharetherents #makepovertyhistory
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Now hear me out please and let me know if this is wildly out. Lots of talk about taxing billionaires. But I *think* you might find it wouldn't even cover one week's worth of change recently in the budget black hole let alone give loads of dosh to spend on pet projects. UK's 55 billionaires if similar to those across the world, would be "worth" about $296bn in total. Not even 3/4 of a Musk. If you were to tax that capital value at 5% (a simple proxy for the entire income flow fro $296bn invested) you'd get just $14bn a year in extra tax.
If you want to tax better, stop looking at merely how much people have. And as Churchill said in his enlightened days as a #Georgist Liberal ask instead "how did you get it" and reward those who produce the wealth and tax those who take the surplus generated by the whole of society. #abolishtaxes #sharetherents #makepovertyhistory
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It's another politicians tinkering aimlessly (and destructively) day!
It's so frustrating being a #Georgist #SingleTax advocate on a budget day. You just want to scream "stupid people" at all o them! #abolishtaxes #sharetherents #superchargetheeconomy #valueourplanet #makepovertyhistory
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It's another politicians tinkering aimlessly (and destructively) day!
It's so frustrating being a #Georgist #SingleTax advocate on a budget day. You just want to scream "stupid people" at all o them! #abolishtaxes #sharetherents #superchargetheeconomy #valueourplanet #makepovertyhistory
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It's another politicians tinkering aimlessly (and destructively) day!
It's so frustrating being a #Georgist #SingleTax advocate on a budget day. You just want to scream "stupid people" at all o them! #abolishtaxes #sharetherents #superchargetheeconomy #valueourplanet #makepovertyhistory
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As long as you tax it, work won't pay anything like as well as rent seeking #abolishtaxes #sharetherents #superchargetheeconomy #makepovertyhistory #valueourplanet #makeworkpay. Our so called "leaders" are either complicit or numbskulls!
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Strive for a world in which charity and hand-outs dependent on politicians are no longer needed:
#abolishtaxes #sharetherents #makepovertyhistory #superchargetheeconomy #valueourplanet #renderpoliticiansirrelevant #radicalfreemarkets
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I've often found @matthewsyed's opinions interesting, but hadn't made this connection before - fullsome praise for a #LandValueTax switch and unlike many he clearly understands it: https://www.thetimes.com/comment/columnists/article/get-ready-keir-starmer-economy-poorer-poland-labour-jc06db9kt
#abolishtaxes #sharetherents #superchargetheeconomy #makepovertyhistory #valueourplanet
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Angered by royal rentierism? Take the plank out of your own eyes too: “As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.” (Adam Smith).
That means every last one of you who owns any land expecting it to make you any kind of a profit.
#abolishtaxes
#sharetherents
#superchargetheeconomy
#makepovertyhistory
#valueourplanet