It’s also not one or two billion, it’s multiple hundreds of billion owned by one person. I don’t think you can overstress the difference in scale between millions, hundred millions, billions, and hundred billions.
There used to be taxes assessed by total asset valuation that focused more on wealthy individuals because they don’t earn as much from income it’s mostly assets increasing in value like property or ownership shares, that was stopped when they introduced the income tax that mostly targets low and middle class people who almost exclusively earn by income.
Loopholes like offshore accounts used to dodge income taxes by higher earners should be illegal, but the whole system is backwards forcing the least prosperous to shoulder the largest tax burden instead of the wealthiest who benefit from society the most.
Anyone who would buy. Unless you’re sentimentally attached to something then I doubt you’d have a difficult time selling it. Billionaires own property as investment, not for use. Just sell it to another billionaire and buy property in a country more favourable to you. As for things like cars, collections, yachts, and other such mobile assets, just stick them on a container ship and unpack at your destination.
Yeah that sounds awesome let’s divide those 200 billions into 333 million people and let’s get a whooping one time only 600 USD extra for the month. Then let’s repeat it again.
First of all 200 billion is chump change compared to how much the wealthy have. Second, spreading money would do far more to stimulate the economy than wealthy people buying yachts, flying into space, and visiting the Titanic.
I am sure if you removed your mouth from the wealthy’s cocks for a moment you would realize how fucked up the situation is. But I know you will just suck it foreverrrrrrrrrrr hoping they will gild you into their club.
The money would be spent on necessary goods and services, allowing more companies to hire more people because their income rises. That’s how capitalism works (when it works) and is why the rich suddenly poop their pants when people stop consuming.
The entire thing is a house of cards, but if you remove excess weight at the top and put it at the bottom, it’s at least a bit more stable.
It’s also not one or two billion, it’s multiple hundreds of billion owned by one person. I don’t think you can overstress the difference in scale between millions, hundred millions, billions, and hundred billions.
There used to be taxes assessed by total asset valuation that focused more on wealthy individuals because they don’t earn as much from income it’s mostly assets increasing in value like property or ownership shares, that was stopped when they introduced the income tax that mostly targets low and middle class people who almost exclusively earn by income.
Loopholes like offshore accounts used to dodge income taxes by higher earners should be illegal, but the whole system is backwards forcing the least prosperous to shoulder the largest tax burden instead of the wealthiest who benefit from society the most.
What’s stopping the wealthy from just up and leaving? They could liquidate their assets and invest in somewhere with tax laws more favourable to them.
Liquidate to who? Are those assets things they can take with them, or are they things like buildings that stay right where they are?
Anyone who would buy. Unless you’re sentimentally attached to something then I doubt you’d have a difficult time selling it. Billionaires own property as investment, not for use. Just sell it to another billionaire and buy property in a country more favourable to you. As for things like cars, collections, yachts, and other such mobile assets, just stick them on a container ship and unpack at your destination.
But then there has to be at least one billionaire who is staying right there, and can be taxed.
Yeah that sounds awesome let’s divide those 200 billions into 333 million people and let’s get a whooping one time only 600 USD extra for the month. Then let’s repeat it again.
It sure will last foreverrrrrrrrr
The money itself is not the only reason. Eliminating their undue influence is.
Foreverrrrrrrrr
First of all 200 billion is chump change compared to how much the wealthy have. Second, spreading money would do far more to stimulate the economy than wealthy people buying yachts, flying into space, and visiting the Titanic.
I am sure if you removed your mouth from the wealthy’s cocks for a moment you would realize how fucked up the situation is. But I know you will just suck it foreverrrrrrrrrrr hoping they will gild you into their club.
Stimulate the economy LMAO 🤣
Bro just admit you don’t know shit about how money works and leave it at that haha
The money would be spent on necessary goods and services, allowing more companies to hire more people because their income rises. That’s how capitalism works (when it works) and is why the rich suddenly poop their pants when people stop consuming.
The entire thing is a house of cards, but if you remove excess weight at the top and put it at the bottom, it’s at least a bit more stable.
Keep sucking it foreverrrrrrrrrrrrrr