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You know how billionaires always compete in having the most expensive house, yacht, space company or whatever.
Make them complete over the most expensive country to live in for billionaires. Show of your wealth by living here!
They’re not doing anything for me. Let them leave.
Like they left Mamdani’s New York 😄
They can live on their yachts.
There’s far fewer of them than us.
Seriously. To the point that, any day now, there could be a movement that says, “we are not calling them billionaires any more, we’re calling them [insert appropriate opprobrium here]” and it would take
(since language is decided upon and endlessly evolved by the masses, whether we like it or not)
Even if it were true who cares? If they aren’t actually paying taxes then what is the point in having them?
TricklePiss down economics.Hold it all in till your kidneys fail before even sharing a sliver of their wealth economics.
“But look at all the jobs we’re creating!”
-Billionaire CEO who just announced a new round of layoffs
I think they view us as a bank. We need to make them money or they will transfer to another bank. Simple.
That is very very apt
Plus sometimes banks have perks that keep the customer staying after all, and I believe I’ve heard of various scandinavian billionaires, for example, threatening to leave but then staying because their country offered them benefits beyond even their ungodly wealth
Almost all of the biggest billionaires’ wealth is stock-based. You want to tax them? Raise the corporate tax rates and close loop-holes and exemptions.
It doesn’t matter where they move. Any company that earns money in the country has to pay taxes on that revenue. Its the win-win we don’t talk about.
Companies pay taxes on profits though, not revenue. It’s easy to avoid taxes by spending down your profits.
I may have used the wrong term. Still, that’s where closing loop-holes comes in. If you want the government to be an engine that funnels wealth back down to the lower classes then you have to attack the upper economy that is the stock exchange. The easiest way to do that is corporate tax.
Individual taxes wont work because, again, most of their wealth is tied to investments by design. Same is true for retirement funds. God help us if they ever manage to get entitlements tied directly to index funds.
But anyway, corporate tax would decrease stock value, decrease billionaires net worth and put more debt pressure on billionaires I would assume, since their physical assets are usually purchased on credit granted based on their stock value. It would a a double whammy right? Their networth goes down and so does their credit score while theyre paying back the banks. Win-win
No matter how you slice it we have to cut through the bullshit and the first firewall protecting all that money is the low corporate tax rate and tax dodging.
I’m even down for them to take their fake money with them, just gtfo
If we’re not making money on them, why do we care if they stay? I say pay your part or good riddance!
Must be an expensive trash bag. I’d be picking egg shells off the lawn after trying that.
What’s the use of billionaires if you can’t use their fancy trash bags when you bin them.
American citizens can’t escape the tax man.
And if you’re REALLY that scared of a myth, put a progressive exit tax on their wealth. 100% over 1 billion. They built that wealth by exploiting America and its working class, so it’s just a repossession at that point.
Love the idea. Don’t even need to go after any personal wealth they have, just all the stocks. Chief exploitation manager leaving? Great. Get out. Take your Ferrari and your Villa. Keep it. But you get to stop exploiting people on the same day.
There’s a simple truth that more people need to hear.
With a few exceptions, police and the military do not serve billionaires, they serve the State.
The billionaires know this, which is why they work so hard to control or dismantle the State. But they are all cowards and use proxies that can be replaced.
If the people manage to overcome the active resistance to take control of the state, there’s very little the billionaires can do when the federal marshalls show up at their door.
Then why aren’t federal Marshall’s showing at the door of every person in the Epstein files?
The billionaires know this, which is why they work so hard to control or dismantle the State. But they are all cowards and use proxies that can be replaced.
Then what is the distinction you are trying to draw between oligarchs and “the State”?
See, the problem with the argument presented there, is that it completely ignores a bunch of what actually happened during that times frame.
The American Revolution was a complex time filled with compromise between those who actually believed in democracy, and those who were horrified by it.
And then the French Revolution happened, and the rich jackasses got scared. Well, the smart ones were scared.
Which is all meaningless because there have been 27 amendments since then, and those change the rules, letting more people have more of a voice.
Basically, the summation of the argument is thus, if voting didn’t matter, then the rich assholes wouldn’t be working so hard to keep you from doing it.
My knee would hurt for a month after a stunt like this.
I say someone will replace them if their business is needed. If it’s not needed then them leaving isn’t a threat.
Where to another place where they will pay taxes to play…
The Epstein class deserve to be binned. They’re worse than garbage. They’re parasites.
And abandon our, supposed, “world-class” hegemony? Nah, they’ll just putts around like they always do anyways.
I think you meant “putz”
Derived from Yiddish, the verb means to waste time fooling around, doing nothing useful, to idle (or putter, which you could use, but it’s less derogatory).
The noun means a penis or a fool.
