News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Before the oligarchs say this is "violence".
This can be done peacefully. Just enact a law that taxes everything above like 999 million (or a fewer amount, to be debated on), and if you don't comply, that's tax evasion and you go to jail. Complelete peaceful (other than the tax-person we'd have to send to arrest the rich for non-complance), comply and everyone is happy.
Voila, no more billionaires, and that wealth redistributed will let everyone become a millionaire. Everyone is happy, maybe the 1% cries that they now have a few less yachts and mansions, but like, they can still enjoy that one house, same as everyone else would also have.
But could this really be done? As far as I've understood, billionaires typically don't have a billion liquidized and ready for spending. Rather, their value is distributed in ownership of several companies. How would the 100% taxes on ownership in companies be applied?
Don't get me wrong, I would love to see it work, but I feel like it's a lot more complicated than stated. And if a good way of applying those taxes would be introduced, I'm sure the billionaires would either find new ways to make the money untouchable or personally move to a country with looser tax laws.
If you can leverage assets to apply for a loan to buy twitter, then you can levarage assets to pay your taxes.
Than they have to sell their stock or property to either not be above the threshold or to liquidate it. It's not untouchable.
That's what conservatives always claim. Most of them won't move and even if they do, good riddance. Simply tax their wealth beforehand.
You know what? I don't want it peaceful. They've stomped on people there entire lives, forced others to rely on social programs, dig through trash, and work to the bone.
I want a comeuppance, I want blood, and I want it to be that of every fucking billionaires' head rolling off the guillotine
You have to ask yourself: Is fulfilling that desire for retribution worth the lives of the millions of vulnerable people who would be killed due to lack of medical treatment, potable water, food, etc?
????
You mean the ones who are already sick and dying from those exact things, caused by the greed of the aforementioned?
Agree. They had a choice. They shunned taxes and played at fake philanthropy. They have now dropped that and started playing like they are god. They are fragile mortals that need a reminder of revolution, I would like to see it done the French way but any way should do.
And you'll have it. They have enough money to pay an army and you bet they will use that to stop you from taking their wealth. Understand that they have rationalized their immense wealth to the point where they trully believe they deserve it. You can see it sometimes in how they consider themselves hard working geniuses, or decide God somewhat chose them to be ridiculously rich.
Yes, they will resort to violence (but not themselves, of course). But they won't need to get their hands too dirty.
They'll fund campaigns, they'll own law enforcements and will wield it against the people, meanwhile they'll buy propaganda to convince as many people as they can it's all for the best. That's easy to predict because they already do exactly that.
Violent repression of demonstrations, violence and intimidation against activists and journalists. Owning of all the mainstream medias and a large share of the less mainstream ones. All of that is slowly normalized.
If everyone becomes a millionaire, then being a millionaire is useless. Inflation will be very high, imagine $1000 eggs. I think the wealth should be distributed to provide free food and services instead.
... in the country with the tax. They'll just live somewhere else.
People have to stop believing that wealthy people will leave instantly once they begin getting taxed. This is just a lie.
They are wealthy because of their assets and connections. They have houses, appartements, offices and factories. They have a network of influencer in the country they live in, in the city they live in ! They have a big family, kids. It's actually harder for these people to move out than you and I.
The money is already escaping. They use any loopholes (fiscal optimization they call it) to pay much lower tax than anyone else proportionally.
They won't leave ! Let the tax begin ! The loopholes have to be eliminated so that they cannot convert their wealth to escape tax artificially.
Let them, they don't generate anything.
I'm getting downvoted like i i care they'd leave, just that it's not gonna bring tax revenue.
They are not doing it even today. If they are businessmen, they are not going to leave their businesses just because they are being taxed.
Fine by me, they weren't paying taxes anyway.
Ok great.