100% tax on anything past 100 million or 100% of their head gets lopped off. That’s still an absurd amount of money for you and your family. Put the rest into growing your businesses and thus the economy, or give it to Uncle Sam for some socialized healthcare and UBI instead.
That’s what they currently do. All of them. That’s the whole point in them owning/investing in a business. That’s how they sidestep so many taxes. Aside from a few (relatively) toys and houses, do you really think Musk or Bezos keep billions on hand in liquid form or physically owned objects?
I have a friend with parents that owned their own business that wasn’t really all that large. It had a net profit of maybe $450,000 per year. They paid themselves enough to do whatever they wanted to that year, and the company “reinvests” the rest. It’s all a shell game to avoid taxes. They did it by buying real estate for the company to ‘eventually’ grow on, but just put five cows on and got themselves agricultural exemptions on taxes, then sold the land later. Repeat x100. That money from the sale could be shuffled into other ‘company’ assets. That’s super small time. They didn’t have fancy lawyers or investing agents to help.
Big, rich, asshole business does it by buying back stock, diversifying (do you really think the big contractor company wants to own a grocery store chain, or a bank wants to own restaurants?) into assets that can just be sold later to recoup the money, etc.
Owning a business is all about tax avoidance. An individual doesn’t have many ways to pump up deductions on taxes, but businesses have so many different avenues that even the IRS throws up their hands at some point. Requiring an individual to “put the rest into” their business won’t change anything, and god knows the economy improving is only going to help a small portion of society. That portion isn’t the portion that needs help.
Also, truthfully, I’d lower your number to $10,000,000. It’s enough to live on even in the ritziest of areas, in the fanciest of houses that aren’t mansions, and is still more per year than the highest of the middle-class will earn in their lives.
Between literal apocalyptic scenarios and open fascism, it’s hard not to picture the trolley problem. But we’re forced to pretend everyone’s acting in good faith. Like if we just try harder, words will work, all of a sudden.
At some point we’re telling people not to “escalate” to violence against people shoving them onto the train. The shovers aren’t the ones killing them… directly. They’re just public servants, doing their job! So relax, get along, kumbayah, and get in the fuckin’ train.
For some queer Americans that’s not an exaggerated comparison. The actual Nazis also targeted trans people, almost immediately. Decades of records on transition and therapeutic treatments were burned, by doctors, to protect those individuals from murderous bigots. Nowadays it wouldn’t even work because that’s all digital. And the elected bastards talking about accessing teen girls’ period apps to detect pregnancy are the exact same bastards talking about globe-spanning temperature data like detecting a trend is impossible.
Removed by mod
Love the energy, but before posting anything on the internet you should imagine a prosecutor asking you to read it to a jury
100% tax on anything past 100 million or 100% of their head gets lopped off. That’s still an absurd amount of money for you and your family. Put the rest into growing your businesses and thus the economy, or give it to Uncle Sam for some socialized healthcare and UBI instead.
That’s what they currently do. All of them. That’s the whole point in them owning/investing in a business. That’s how they sidestep so many taxes. Aside from a few (relatively) toys and houses, do you really think Musk or Bezos keep billions on hand in liquid form or physically owned objects?
I have a friend with parents that owned their own business that wasn’t really all that large. It had a net profit of maybe $450,000 per year. They paid themselves enough to do whatever they wanted to that year, and the company “reinvests” the rest. It’s all a shell game to avoid taxes. They did it by buying real estate for the company to ‘eventually’ grow on, but just put five cows on and got themselves agricultural exemptions on taxes, then sold the land later. Repeat x100. That money from the sale could be shuffled into other ‘company’ assets. That’s super small time. They didn’t have fancy lawyers or investing agents to help.
Big, rich, asshole business does it by buying back stock, diversifying (do you really think the big contractor company wants to own a grocery store chain, or a bank wants to own restaurants?) into assets that can just be sold later to recoup the money, etc.
Owning a business is all about tax avoidance. An individual doesn’t have many ways to pump up deductions on taxes, but businesses have so many different avenues that even the IRS throws up their hands at some point. Requiring an individual to “put the rest into” their business won’t change anything, and god knows the economy improving is only going to help a small portion of society. That portion isn’t the portion that needs help.
Also, truthfully, I’d lower your number to $10,000,000. It’s enough to live on even in the ritziest of areas, in the fanciest of houses that aren’t mansions, and is still more per year than the highest of the middle-class will earn in their lives.
Between literal apocalyptic scenarios and open fascism, it’s hard not to picture the trolley problem. But we’re forced to pretend everyone’s acting in good faith. Like if we just try harder, words will work, all of a sudden.
At some point we’re telling people not to “escalate” to violence against people shoving them onto the train. The shovers aren’t the ones killing them… directly. They’re just public servants, doing their job! So relax, get along, kumbayah, and get in the fuckin’ train.
For some queer Americans that’s not an exaggerated comparison. The actual Nazis also targeted trans people, almost immediately. Decades of records on transition and therapeutic treatments were burned, by doctors, to protect those individuals from murderous bigots. Nowadays it wouldn’t even work because that’s all digital. And the elected bastards talking about accessing teen girls’ period apps to detect pregnancy are the exact same bastards talking about globe-spanning temperature data like detecting a trend is impossible.
I think I agree with you on all those points but that was one rollercoaster of a post.
Exciting times will do that.
But… but without those heroic political figures, how will mega-corporations be allowed to continue maximizing profits.
This type of shortsighted ignorance is what causes drops economic growth and allows communism to win.
…. I’m being told that it’s now trans people, not communists that are the real threat.
…. No, no wait it’s still communists. So both I guess?
/s
I am glad we have lemmy. In Reddit you could have been banned even acting on a based self defense
Let’s just all agree as humans to never convict someone who’s on trial for that