#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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Sweden, a ‘paradise’ for the ultra-rich, debates a billionaire tax ahead of elections.
Regarded as one of the most egalitarian countries in the world, the number of billionaires in Sweden has continued to rise while poverty has increased.
Ahead of the 13 September elections, taxing the wealthiest has become a major campaign issue.
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Oh good. Even more centralisation. Just what the most overcentralised wee country (that's actually a medium sized country but thinks it looks cuter if it pretends to be small) urgently needs.
Not #ClimateAction; not #ScottishIndependence; not #LandReform; not #WealthTax; not #LocalDemocracy. Nope, none of that. Just mash all the health boards into just two, and everything will be sorted.
Remind me, why did we vote for these clowns?
h/t @TheNational
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Those Poor, Poor Billionaires Read more cartoons! —> #Policartoon Support the cartoons! —>patreon.com/barry #wealthtax #billionairestax
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Bold Politics with Zack Polanski: How We Build An Economic Transition For All, with Thomas Piketty #globaljustice #inequality #financialsystems #wealthtax
https://www.podbean.com/ea/dir-5zbyx-2ff0df36 -
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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I think that shift is starting to take place. A dawning realization that the first incarnation of #SocialMedia in all its enshitified “glory” has hurt our children, violated our privacy, destroyed our social fabric, and degraded our democracy
What for? Simply the enrichment of a few #billionaires
There is a massive opportunity
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"Despite an $18 billion settlement to end a nationwide child endangerment lawsuit, the firm clearly no longer sees social media as its main product—or its future."
https://www.motherjones.com/politics/2026/08/meta-settlement-social-media-facebook-whatsapp-glasses/
#meta #Zuckerberg #socialmedia #uspol #fuckmeta #fuckZuckerberg #fuckai #ai #survailance #EpsteinClass #futurism #ApocalypticFuturism #eattherich #reactionaryfuturism #taxtherich #futurismoreacionrio #wealthtax
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I am counting on #Burnham to raise taxes on corporations and the wealthy.
We can see the money piling up, it is time for progressive taxation so we can get basic government services back.
Ideally, there should be a #WealthTax because the rich don't do income.
#TaxTheRichAndy Burnham refuses to rule out tax rises in autumn Budget - BBC News
https://www.bbc.co.uk/news/articles/cj06818jgzlo -
Amazing what you can buy without a #WealthTax
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What you can buy when there is no #WealthTax
Mark Zuckerberg buys 440-acre Strancally castle estate in Ireland
https://www.theguardian.com/world/2026/aug/20/mark-zuckerberg-buys-440-acre-strancally-castle-estate-in-ireland -
!twnw
Imagine what a #WealthTax could do for opensource projects.
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Espriella favors “flexible” labor (subordinate to capital) and “productive” environmental regulation (pro-growth), repealled the #wealthtax & plans a budget cut of at least 20 trillion Colombian pesos/six billion U.S. dollars, a halt to almost all government spending to implement. In short, the #DOGE plan.
What could go wrong?
https://www.counterpunch.org/2026/08/18/clownish-start-for-trump-puppet-in-colombia/
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The #broligarchy is upset with @gilduran which makes his new book 📕 a must read
#SiliconValley is pro free speech provided it does NOT encompass critique of the bros special status in the world and #billionaires right to undermine democracy and further accumulation of wealth at the expense of us #NPC types.
#Facism anyone?
#Politics #TaxTheRich #WealthTax #USPol
https://www.thenerdreich.com/youtube-moves-to-ban-nerd-reich-podcast/
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And there it is, the best argument for a #WealthTax.
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#sergeybrin is paying the cost of an airbus 320 (100mil) to avoid paying 120% of the Los Angeles Lakers (12.5bil).
#billionaires scale breaks our brains. 100 million usd is a colossal amount. But 15 billion usd is what he’d owe, which is more than the worth of one of the most recognizable sports franchises in the history of the world.
And it’s a one time 5% tax. 5%. And that’s just one dude walking around. Shitting. Pissing. Bleeding. One guy.
Broken.
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Sergey Brin should perhaps worry less about paying taxes and giving up some political power, and worry more about being able to live in peace anywhere on this planet.
#SergeyBrin #Google #California #WealthTax #TaxBillionaires #NoRepublicansEverAgain #USPol
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That's the ad campaign right there.
"A single billionaire spent $100 million to block a #WealthTax . Imagine how many hospital staff, teachers and parks the tax could pay for.
Vote 'YES' for the #CABillionaireTax "
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Wealth tax for 1 billion dollars:
5% = 10 million
10% = 100 millionBillionaires would recoup than in no time which is why it can’t be 5% nor a one time tax. It needs to be higher and more frequent. Billionaires shouldn’t exist and are a parasite class.
Simps you have more in common with the homeless than you do with these people. You will never become a billionaire so stop defending them.
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A Plan for Equality & Prosperity Within Planetary Boundaries
A habitable world is possible"The Global Justice Report is part of a broader international agenda for planetary habitability, social justice, and reform of the global financial architecture."
"The Global Justice Project attempts to set out a new vision for global progress in the 21st century: grounding human development and equality in planetary habitability. It explores the conditions under which the world could move toward this horizon and traces an economically and ecologically consistent transition path from 2026 to 2100." >>
https://globaljusticeproject.wid.world/Summary: The Global Justice Report
A Plan for Equality & Prosperity Within Planetary Boundaries
"It is possible to reconcile planetary habitability and high well-being for all, but only if the transformation rests on three pillars simultaneously. Fast decarbonization of energy systems is necessary. But we also need a major shift toward sufficiency – understood as a sharp reduction in labour hours and material footprint and large changes in consumption patterns, food habits, land use, and forest cover. In addition, neither decarbonization nor sufficiency can be financed and politically sustained without a drastic reduction in inequality of income, wealth and power, both between countries and within them. The compression of global inequality is not only compatible with deep decarbonization; it is a necessary condition for shared prosperity on a finite planet." >>
https://globaljusticeproject.wid.world/insight/summary/
#GlobalJusticeReport #inequality #SocialJustice #redistribution #WealthTax #ExorbitantPrivileges #SWF #Climate #PlanetaryBoundaries #ClimateCosts #disasters #PlanningCertainty #habitability #HabitableWorld #BigChange #IgnoredByMSM -
Welcome to your shiny new A.I. future, where you can take all the drugs you need just as long as you keep feeding the tokens in…
#brexit #BrexitLies #politics #toryscum #tories #conservatives #ukpolitics #bbc #news #EU #Labour #labourparty #RejoinEU #TaxTheRich #ReformCorruption #ReformSleaze #wealthtax #uspol #uspolitics #usnews #trump #MAGA #DonaldTrump #ai #artificialintelligence
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Can you feel it trickling down?
#brexit #BrexitLies #politics #toryscum #tories #conservatives #ukpolitics #bbc #news #EU #Labour #labourparty #RejoinEU #TaxTheRich #ReformCorruption #ReformSleaze #wealthtax #uspol #uspolitics #usnews #trump #MAGA #DonaldTrump
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This represents the United states now…. This rancid piece of shit…..
#brexit #BrexitLies #politics #toryscum #tories #conservatives #ukpolitics #bbc #news #EU #Labour #labourparty #RejoinEU #TaxTheRich #ReformCorruption #ReformSleaze #wealthtax #uspol #uspolitics #usnews #trump #MAGA #DonaldTrump
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The so called backlash to "tax wealth, not work" is either disingenuous or confused. They claim it won't work because it won't raise enough revenue but that's not the point of a wealth tax. The point is to reduce inequality. A wealth tax is a way forward in that direction.
#wealthtax #taxwealthnotwork -
Heh. Even #USAToday is talking about the #DSA! Caution - Contains #RedScare Propaganda!
#DemocraticSocialists of America propose radical overhaul of US govt
The Democratic Socialists of America want to fight for working-class Americans by offering #FreeHealthcare and abolishing the U.S. Senate [sic]. What else does their #WorkersDeserveMore platform say?
by Emily R. Condon
Updated Aug. 2, 2026,Excerpt: "Although not all self-described #DemocraticSocialists are in the Democratic Socialists of America, the DSA is an increasingly influential player on the left. Members include New York Rep. #AlexandriaOcasioCortez, New York City Mayor #ZohranMamdani and Michigan Rep. #RashidaTlaib, all Democrats. Three Democratic nominees for U.S. House of Representative seats – #DarializaAvilaChevalier and #ClaireValdez in New York and #MelatKiros in Colorado – also belong to the group, as do a growing list of state and local officials.
"A third of #Democrats identify as democratic socialists, according to a July 30 CNN poll, but it's possible that quite a few of those are not familiar with some of the DSA's more unusual suggestions for overhauling the U.S. government. A July 28 Reuters/Ipsos poll revealed that 47% of Americans say they don't understand democratic socialist policies.
"While President Donald Trump and his GOP allies slam democratic socialists as
'#communists,' the Democratic Socialists of America is defining its own brand in the new platform."The 120,000-member organization's policy roadmap has three sections:
- Thriving Working-Class Communities
- Working-Class Foreign Policy
- Working-Class Democracy "Read more [or not. I'll be posting the official DSA platform soon...]:
https://www.usatoday.com/story/news/politics/2026/08/02/democratic-socialists-america-platform/91092595007/#USPol #TaxTheRich #VotingRights #Unionize #WealthTax #MultiPartyDemocracy #NoLobbying #NoDarkMoney #GetMoneyOut #SocialistVampires #SocialismIsScaryForTheRich
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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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#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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#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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#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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#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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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 wonder if we’ll look at this year’s #MetGala as some kind of tipping point?
The gushing #billionaire owned press foist fawning imagery on us normies. It all smacks of the self absorbed Capitol Elite at the center of the #HungerGames.
Is this the year when backlash coalesces? Where the 99% say enough and demand a #WealthTax?
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The GOP thinks it has a messaging problem 🤣
What it really has is a solutions problem for ordinary Americans. They have no solutions for affordable #healthcare, #housing, #StudentDebt
Trickle down has failed, the #2026MidTermElection consequences are inevitable. No amount of lipstick application will make the #BigBeautifulBill look anything different than the pig it is - a giveaway for #billionaires
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🚨BREAKING:@Keir_Starmer backed down on cutting #DisabilityBenefits Pressure is working! 💪Now let’s make it clear - tax the ultra rich, not sick & disabled people! Sign the #petition now while the government is watching👇https://38d.gs/d2_j @PatMillsUK #TaxTheRich #TenMillionTax #WealthTax #UKPolitics
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Good morning, fellow socialists.✊ #r4today #bbcbreakfast #Socialism #DisabilityBenefits #WelfareNotWarfare #TaxTheRich #WealthTax
