Record asset seizure: Authorities confiscated $7.6 billion in holdings tied to Vadim Moshkovich, the largest nationalization in recent years.
Part of wider campaign: The Kremlin has transferred an estimated $89.7 billion in private assets to state control since the Ukraine war began.
Elite on alert: Billionaires are showing loyalty to avoid similar fates, with some making large voluntary contributions to the state budget.
So he has to resort to theft for financing his Ukrainian folly?
Taxing billionaires is never theft. Nobody in human history has ever created a billion dollars of value, therefore the wealth was stolen from the people to begin with.
Billionaires are showing loyalty to avoid similar fates, with some making large voluntary contributions to the state budget
Won’t be long until Trump hears about this new grift from his old mate, Vlad!
with some making large voluntary contributions to the state budget
In the US, we call these campaign contributions.
Trump has gotten more brazen. Buy his cryptoscam, pay to build his ballroom, give his wife a sweetheart movie deal, the list goes on and on. And yeah, then there’s the IRS tax audit immunity that would allow him and associated people to steal an estimated $100 million in forgone taxes. Truly a man who looked at the Russian kleptocracy and said “I want some of that.”
We were already on trajectory for this if AI worked out the way they wanted it to. Where does the US military budget come from if 90% of the tax base are laid off?
Putin is draining the Russian federation of money and workers, destroying the Russian empire from within, so he can pursue his personal interests of expanding the Russian Empire.
Once some people actually considered this man smart, but in reality he is a one trick pony, and the trick is disinformation, problem is that disinformation is not a strategy, it is at best a tactic, and tactics only have so many uses before they don’t work anymore.
Once some people actually considered this man smart, but in reality he is a one trick pony
You fool! Comrade Pony has many tricks!
begins riffling through desk looking for a gun.
looking for a window.
Unless the money is being paid to other nations, they are just doing what we should all do, nationalize billionaires and pay for things. It liquifies the economy.
Absolutely tax the billionaires, problem is that Putin is drawing money out of Russian companies, and many smaller companies are going bankrupt.
And the Russian companies don’t have money to maintain production and much less to expand it.
The money is not pulled out for anything constructive, they are pulled out to finance his stupid war that is destroying Russia.
Lol so Russia is running dry if they’re stealing from the rich
Its hard to be very sad that Putin is eating Russian oligarchs. If he could just do that to some Israeli and American oligarchs I might start being a fan. How about Musk? Putin could cash him out for a trillion. Musk and Putin are buddies and talk regularly evidently
https://www.wsj.com/world/russia/musk-putin-secret-conversations-37e1c187
The move has intensified unease among Russia’s wealthy…
We need to intensify the unease among our own wealthy but for vastly different reasons.
You know Mamdani’s gotta be at least a little jealous
Would if he could.
TINY PP ENERGY
