• foodandart@lemmy.zip
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    4 days ago

    You want to know how to nip all that private equity activity in the bud? Let’s start to tax the billionaires with a vengeance.

    Private equity is all the untaxed, unbanked (because when you have billions of dollars, the banks charge you to hold it) wealth of the billionaires.

    Let’s tax it like wealth used to be taxed back in those “Great” 1950’s that Trump wants to take us back to…

    • quarkquasar@lemmy.world
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      4 days ago

      It doesn’t even take that particularly intelligent of a child to realize that allowing the wealthy to just hoard the majority of money to themselves is a stupid idea.

      It’s essentially the “I’ll keep every penny I ever earn and not spend a single one” on a national scale. Does no use to us once we’re all dead.

    • Abyssian@lemmy.world
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      4 days ago

      100%. Tax yearly income beyond something like one million at 90% and make sure ‘income’ includes stock, bonuses, maybe even per diem.

      I’m also not opposed to voting the most awful of the most wealthy off the island and taking all of their assets for public good. Like if the whole elite child sex trafficking thing ever gets real investigation, those people for sure.

      Having all your lands and titles forfeit to the crown (the people, now) and being exiled as a pauper or publicly executed should make a come back.