#wealthtax — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #wealthtax, aggregated by home.social.
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The money raised by taxing billionaires out of existence will do more than help with the budget. Taking their money would make it impossible for billionaires to buy governments and write budgets to benefit themselves.
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The money raised by taxing billionaires out of existence will do more than help with the budget. Taking their money would make it impossible for billionaires to buy governments and write budgets to benefit themselves.
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The money raised by taxing billionaires out of existence will do more than help with the budget. Taking their money would make it impossible for billionaires to buy governments and write budgets to benefit themselves.
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The money raised by taxing billionaires out of existence will do more than help with the budget. Taking their money would make it impossible for billionaires to buy governments and write budgets to benefit themselves.
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The money raised by taxing billionaires out of existence will do more than help with the budget. Taking their money would make it impossible for billionaires to buy governments and write budgets to benefit themselves.
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“We should end the ‘tax-free lifestyle loan,’ the gimmick that lets the ultra-wealthy borrow against their stock portfolios while reporting no taxable income.”
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“We should end the ‘tax-free lifestyle loan,’ the gimmick that lets the ultra-wealthy borrow against their stock portfolios while reporting no taxable income.”
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“We should end the ‘tax-free lifestyle loan,’ the gimmick that lets the ultra-wealthy borrow against their stock portfolios while reporting no taxable income.”
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“We should end the ‘tax-free lifestyle loan,’ the gimmick that lets the ultra-wealthy borrow against their stock portfolios while reporting no taxable income.”
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“We should end the ‘tax-free lifestyle loan,’ the gimmick that lets the ultra-wealthy borrow against their stock portfolios while reporting no taxable income.”
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Macro Matters: Can billionaire taxes fix Europe’s budget?
Fiscally hawkish EU countries are pushing for a smaller seven-year budget, prompting debate over taxing billionaires to fill the gap, with Nomura's George Buckley saying taxes must rise sharply to make a real difference. #News #Reuters #Newsfeed #EUBudget #GeorgeBuckley #Nomura #BillionaireTax #Brussels #EuropeanUnion #EUElections #FiscalPolicy #WealthTax #EuropeNews #BusinessNews #WorldNews #BreakingNews…
https://fllics.com/en/video/macro-matters-can-billionaire-taxes-fix-europes-budget/
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#DemocraticSocialism Is the Compromise Position
Given our scale of #inequality, the #egalitarian reforms of democratic socialism are only the start of what we should strive for.
Kyle Schmidlin, Jul 31, 2026
Excerpt: "Reforming the #SecondGildedAge
"Whether or not one agrees with such ideas, it’s a discussion that free people are within their rights to have. Though we often treat #capitalism as a national religion, there’s nothing sacred about it. Even the US Constitution is surprisingly agnostic on questions of economic organization. It’s not encoded in our DNA—in fact, we are much more naturally inclined toward cooperation than competition. Humans have a virtually infinite number of ways we can arrange society, and we are in desperate need of rethinking ours.
"Because for the last few decades, the American economy has grown ever more off-balance, to the point where many analysts now say we’re in a second #GildedAge. We recently minted the world’s first trillionaire, while about half of us would be wiped out by any major illness, accident, or job loss. Workers have lost power, essentials like housing and healthcare are increasingly out of reach, and practically all the gains of our productivity have been accumulated at the very top, with #corporations posting record profits. #Billionaires are multiplying their wealth faster than ever, building anti-revolution doomsday bunkers, and plotting to rule their own fiefdoms as #CEOKings.
"We live in a society that’s obsessed with law and order for things like #shoplifting or overstaying a visa, but largely looks the other way on #CorporateCrimes like #pollution, #WageTheft, and #fraud—not to mention #WarCrimes and #genocide. The president is a convicted felon who wants you to ignore his decades-long friendship with a child sex trafficker and instead fear and hate the immigrant next door.
"In such a system, elites should feel relieved that people are only demanding, say, a few public options for groceries, rather than revolting. The wealthy surely all took note of the public reaction to #LuigiMangione, who is accused of murdering United Healthcare CEO Brian Thompson on the streets of New York City. Mangione became a cultural icon who was openly celebrated in many circles, making clear the rage simmering within America’s dispossessed.
"There’s a reason the progressive California Rep. #RoKhanna refers to a tax on wealth as an #AntiRevolution tax, or an attempt to save capitalism from itself. Progressive Democrats like Khanna often mediate between capitalist centers of power and the party’s left-wing base, who largely feel fed up with the party’s incremental approach of making small tweaks here and there. Democratic socialism, as practiced in today’s America, is still essentially incrementalism, but they’re much bigger increments.
"Such a model works well in places like #Finland, #Iceland, and #Denmark. These countries have high taxes, but they get far more out of them than we do. As a result they are consistently ranked as the happiest countries on Earth, with excellent numbers for education, homelessness, poverty, healthcare, life expectancy, and infant mortality—all areas in which the US, with its profit-first approach to every problem, is lagging behind.
"#HighTaxes and a mixed economy also once worked well in the #UnitedStates. We dug ourselves out of the #GreatDepression with the #NewDeal. Government programs brought electricity to rural areas and established safety nets and Social Security. Our middle class boomed after World War II, when taxes were the highest they’ve ever been.
"#Republicans and #BigBusiness called that #socialism, too. They even conspired to overthrow President Franklin D. Roosevelt. Now, faced with another socialist menace, they’re playing just as dirty."
Read more:
https://www.commondreams.org/opinion/democratic-socialism-compromise#TaxTheRich #WealthTax #DSA #RedScare #USPol #WorldPol #CorporateColonialism #EpsteinClass
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#Booktip
Jeremy Lent: Ecocivilization"Lent’s goal is to synthesize dozens of proven and promising genres of existing projects and real-world activism. Some of these are daring and paradigm-breaking. Others operate well within the dominant market/state system but offer credible possibilities for post-capitalist transitions."
– David Bollier, host of the podcast 𝘍𝘳𝘰𝘯𝘵𝘪𝘦𝘳𝘴 𝘰𝘧 𝘊𝘰𝘮𝘮𝘰𝘯𝘪𝘯𝘨
https://www.bollier.org/blog/jeremy-lents-ecocivilization-bold-vision-system-change
#EcoCiv #EcoCivilization #SystemsThinking #SystemsTheory #EarthSystem #paradigmshift #DonellaMeadows #ThinkingInSystems #ClimateTippingPoints #SocialTIppingPoints #Commons #WellbeingEconomy #DoughnutEconomy #CircularEconomy #CommonWealth #WealthTax #TaxTheRich #WealthCap #AgroEcology #RegenerativeAgriculture #urbanism #CircularCity #Ciclovia #RightsOfNature #islandsofcoherence #phasetransition #theoryofchange #ThreeHorizons #anthropocene #symbiocene #Readingtip #BookRecommendation #Lesetipp #Buchtipp #Lent #JeremyLent
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"The Case for California’s Billionaire Wealth Tax", today’s NYT Op-Ed from Gabriel Zucman and Emmanuel Saez: https://web.archive.org/web/20260526122143/https://www.nytimes.com/interactive/2026/05/26/opinion/wealth-tax-california-billionaire.html
The iceberg images are especially striking. 78% of Zuckerberg's, Page's, Brin's, Huang's wealth accumulation is “underwater” .
#wealthTax #CGT #taxTheRich #California #wealth #money #accumulation #inequality #inequalities #households #Zuckerberg #MarckZuckerberg #LarryPage #SergeyBrin #JensenHuang #Meta #Google #Nvidia #AIBubble #Zucman #Saez
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Gary with a really concise segment on wealth tax:
https://youtube.com/shorts/V2M0_T-l2LE?si=H-mWbRbu1YDTFUXR
It really does seem like one fundamental choice: As per Gary, either people with wealth and power taking all the rest from the less powerful, or (if these are the words) democratizing power/wealth via the right taxes.
(And will Labour finally listen and save the UK... I feel like Starmer maybe has a moment of opportunity here.)
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I saw a meme post on Facebook suggesting that no one earns a billion dollars except by wage theft, that no one works a billion times harder than other hardworking people who make ordinary wages. That seems a fair claim. I wrote this next paragraph in response, kind of as a spur of the moment thought, but it's something I want to spend more time thinking about:
I used to think that one solution to this was the practice of asking CEOs to not make more than some fixed multiple of their lowest-paid employee. But now I see the goal is to not employ anyone either. A lot of the benefits for corporations are justified on the idea that they employ people, so helping them helps people. Now that this assumption is on a path to being increasingly violated, we need to reconsider our special treatment of corporations as well.
#ai #corporations #billionaires #NoBilliionaires #LateStageCapitalism #ShareholderCapitalism #RegulatoryCapture #society #ethics #unemployment #automation #law #CapitalGains #CapitalGainsTax #WealthTax #inequality #fascism #feudalism #oligarchy
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#Ecotricity founder, #DaleVince, says:
"Here's a worthwhile list to be on. The top 100 #taxpayers in Britain (I'm 81 apparently). #Taxes built our #economy, they pay for #education, #transport, #health and so much more."https://www.thetimes.com/business-money/money/article/tax-list-uk-100-biggest-taxpayers-jx6ldh5hd
https://www.business-live.co.uk/enterprise/uks-top-10-taxpayers-revealed-30858262
#tax #uktax #taxation #wealthtax #taxtherich #taxthewealthy #taxisgood #taxingtherich #taxpayer #uktaxpayers #taxationuk #ukpolitics #ukeconomy #politics #economy #unitedkingdom #uk #government #ukgovernment #britishgovernment