Political Memes

No, it'll likely be worse, if

Thankfully we don’t need to as we don’t have a autocratic government

If the USA taxes Amazon, do you think Amazon will stop doing business in the USA? Do you think Amazon will do less business in the USA? No, of course not, there's a billion warehouses and distribution centers in the USA, it would be impossible to move.

If the USA taxes Jeff Bezos, do you think Jeff Bezos will go live in Panama? Do you think he will move to Africa? No, of course not, he has all his stuff in the USA that he cannot move, he would never leave.

As long as corporations/billionaires have their stuff in a country, that country can tax their stuff. It's the other side of the coin Trump is having trouble with. Trump slaps a tarrif on everything to encourage manufactuing in the USA, but corpoations don't have many manufacturing capabilities in the USA so the end result is lost jobs and raised prices for nothing. There's no manufacturing stuff in the USA and it would take a decade to make the stuff if they started now.

At a certain level of wealth, all the money is tied up in assets that are difficult to move. Those assets are assessed and used to borrow money to avoid income tax. We can use those same assessments and implement a wealth tax.

The deal should be, "Y'all have had it too good for too long. Pay your fair share immediately and indefintely."

You can tax them by demanding the tax regardless of domicile, as a tax for selling their shit in your country.

We can fairly quickly degoogle EU.

As for small, micro, or even SMEs, atm even municipalities are competing & bowing instead of showing solidarity to others. Simple eg EU level laws are needed.

Wealth flight is a myth, it is not real.

A good video that sums it up in a nice way: https://youtu.be/6DXZMXZCY0I

I say kill them, especially the billionaires who are also chuds, then tax the surviving billionaires

You can tax their existing wealth. For example an annual tax for the average wealth you held for the past year for people whose wealth exceeds a total 250 million in all assets

The returns on iron in that era would have been astronomical. But if you put all your money into a mastodon-powered ploughing business you could be belly up

Bout tree fiddy.

You forgot that you could account for inflation yourself, IT'S TRUE

$0 because the concept of currency did not yet exist.

Probably not as much as you'd think. The Gold Standard has not been repealed until 1971, which means inflation would only happen due to extraordinary events (like big wars). But the inflation since 1971 would still multiply your money eight-fold, which will put your saving of 82 millennia above Elon Musk's net worth.

But that would hurt the earnings of the mega wealthy, clearly can never be allowed to happen.

If they can tax your house based on its current valuation, they can sure tax their stocks based on their current fucking valuations.

Excuse my French, they are not my native language.

Nor are English.

You can’t tax valuation

Tell that to the property taxes I pay on my house every year. They manage to define a value even though I’m not selling and it’s still an “unrealized gain”.

“You can’t tax valuation”

Fine, the government gets 40% of your share options.

Seems like this would be a good place to treat those stocks (and options) as real property and tax them accordingly. With a properly progressive rate on them, we could set the lower end such that normal retirement funds won't be impacted, with the high end discouraging hording assets.

I pay increased taxes because my property goes up in value, even if I don't sell. Same should apply to shares (to be fair there should also be tax credits when shares fall).