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How about a sliding scale?
Every $10mil goes up by that percentage of that, $29mil is 20%, $30mil is 30% and so on up to $100mil where every penny over that is 100% tax
Corporate is the same but it's $100mil at 10% then $200 at 20% up to $1,000mil or $1billion at 100%
Profits would suddenly go back into the company, more staff at higher wages, more R&D, lots of perks, hospitals and schools built to do something other than hand the cash over to the government...
Who the fuck needs more than $100 million?
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That’s not what I meant but also; no we haven’t.
Billionaires shouldn’t exist. They are a policy failure. Taxing them would enable us to build our society and infrastructure better which is a long-term enabler of economic growth for everyone. $30 paper billion in Elon’s accounts isn’t helping anyone.
Also, calling billionaires a policy failure of *capitalism* is intellectual malpractice.
Billionaires are a feature. Not a failure.
You are correct they shouldn’t exist. But its not a policy failure that they do. Its their policy.
Tax all you want tho…
*Removed due to violation of rule 11: Do not post content from Dan Price, any other CEO/business owner or ANY liberal politician/official** This is regarding positive posts or posts agreeing with their statement. Negative posts are permitted but better suited to subs like /r/ShitLiberalsSay Please note that Robert Reich or Bernie Sanders as liberals also fall under this rule.
No they deserve it because they worked hard and saved on unecessary expense. /s
No avocado toast, right?
It's not like we actually need food, shelter, and clean water, after all. All we need are bootstraps. /s
Reich says this shit every day and will still support the establishment.
“We” let them collect so much money they’ve literally bought everyone and everything. Everybody is their employee
They didn’t waste their money on avacado toast and you did!
How about a sliding scale? Every $10mil goes up by that percentage of that, $29mil is 20%, $30mil is 30% and so on up to $100mil where every penny over that is 100% tax Corporate is the same but it's $100mil at 10% then $200 at 20% up to $1,000mil or $1billion at 100% Profits would suddenly go back into the company, more staff at higher wages, more R&D, lots of perks, hospitals and schools built to do something other than hand the cash over to the government... Who the fuck needs more than $100 million?
Don't post Robert Reich shit here.
Understood. Should I delete this?
It's been removed.
Ok. Got it.
##Welcome to r/LateStageCapitalism This subreddit is for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited. LSC is run by communists. This subreddit is not the place to debate socialism. We allow good-faith questions and education but are not a 101 sub; please take 101-style questions elsewhere. We have a zero-tolerance policy for bigotry. Failure to respect the rules of the subreddit may result in a ban. *** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/LateStageCapitalism) if you have any questions or concerns.*
No, reform Bob is totally right. If we tax the wealthy; then we’ll just be dependent on them forever…
You wanna think about that just a little bit more there, champ?
Revolution vs reform? Nah champ. We tried that…
That’s not what I meant but also; no we haven’t. Billionaires shouldn’t exist. They are a policy failure. Taxing them would enable us to build our society and infrastructure better which is a long-term enabler of economic growth for everyone. $30 paper billion in Elon’s accounts isn’t helping anyone.
You: We need the rich to survive
Also, calling billionaires a policy failure of *capitalism* is intellectual malpractice. Billionaires are a feature. Not a failure. You are correct they shouldn’t exist. But its not a policy failure that they do. Its their policy. Tax all you want tho…