Tax the Rich and Save the World | Common Dreams
www.commondreams.org
The case is straightforward. What's needed is the political might to see it done.

The slogan “Tax the rich and save the world” comes from a message from the Patriotic Millionaires—a group of more than 200 high-net-worth Americans, from investors and executives to filmmakers and heirs, who are actively lobbying Congress to raise their own taxes.

Millionaires are watching billionaires pull further ahead financially, and watching their coastal properties sink closer to the waterline as unchecked carbon emissions push sea levels higher.

  • Phoenixz@lemmy.ca
    3·
    6 days ago

    Why only tax them?

    I want world wide wealth caps! Nobody should have a net worth over 10 million dollars. There is no right, no reason, nothing that can argue that anyone should have more than that. Even 10 million is too much IMHO

    Any income after reaching that limit should be taxed 100% until the person is below the threshold again

    Governments will have huge funds they can use for universal healthcare, universal basic income, free education for all, etc.

    Governments can setup non profit foundations that fund independent journalism with the single rule that all news must be factual and as unbiased as possible

    If you can only have 10 million in net worth, you can own a home abd a micro business, or a small part of a business. If you want funding, sure, add more shareholders. Since nobody can be extremely rich anymore a billion dollars company would require some 2000 semi equal shareholders

    Since nobody can get insanely rich (or poor) anymore, there will no longer be incentives to commit crimes, or for companies to lie to their customers. Why cheat if it won’t get you anything tangible? Why fight to get an extra million of you have all you need to live nice?

    Wealth caps, IMHO is the solution to so many of this world’s problems, it’s insane that no politician talks about this.

  • the_wizard_of_0Z@lemmy.caEnglish
    2·
    6 days ago

    • TAX == transitive verb To hold accountable

    • TAX == verb transitive To make demands on supported by kinetic measures of the new state.

    • TAX == noun An enforced proportional contribution levied on persons, property, or income, either by the authority of the new state for the support of the new government.