People don't actually have billions of $ in their accounts, they just own companies that are worth a lot of money. When people speak about taxing the billionaires, what they mean, is take their property from them. Sure, you can tax the dividends they get from the profits reported by their companies, but you can't take the companies themselves ( aka the billions ). The work that has to be done, is to make companies like Apple, Google, etc... Actually report their profits in America and pay taxes to the American government. The real question isn't about "taxing the billionaires" it's about making companies actually pay their god damned taxes. Apple parks hundreds of billions of $ in foreign countries, i don't even know how they have such a good image in America, while committing the biggest tax evasion scam ever, probably half of the Irish GDP is Apple profits flowing trough. It's fucked up.
I think it would be fun to have a maximum net worth for individuals that is tied to the federal minimum wage. If you wanna raise one, you gotta raise both.
masterOfLetecia on August 23rd, 2020 at 21:10 UTC »
People don't actually have billions of $ in their accounts, they just own companies that are worth a lot of money. When people speak about taxing the billionaires, what they mean, is take their property from them. Sure, you can tax the dividends they get from the profits reported by their companies, but you can't take the companies themselves ( aka the billions ). The work that has to be done, is to make companies like Apple, Google, etc... Actually report their profits in America and pay taxes to the American government. The real question isn't about "taxing the billionaires" it's about making companies actually pay their god damned taxes. Apple parks hundreds of billions of $ in foreign countries, i don't even know how they have such a good image in America, while committing the biggest tax evasion scam ever, probably half of the Irish GDP is Apple profits flowing trough. It's fucked up.
FREE_REALITY_WINNER on August 23rd, 2020 at 21:20 UTC »
I think it would be fun to have a maximum net worth for individuals that is tied to the federal minimum wage. If you wanna raise one, you gotta raise both.
mandy009 on August 23rd, 2020 at 21:46 UTC »
Soak the rich. FDR created a tax rate just for Rockefeller. Rates eventually reached over 90%. At one point FDR wanted to do 100% on margins.