He’s putting it in quotes because no one has ever earned a billion dollars, because it’s not possible for a person to do one billion dollars worth of labor. If they have accumulated a billion dollars (or a billion dollars in assets), they’ve done it by taking it from others.
Exactly and I was being kind leaving them with 100 million. Beyond that I want to bring out the gulitions. Because hoarding that much wealth is a mental disorder with no cure. These fuckers will never get enough.
to be clear - i agree something needs to be done but nobody can define specifically what to do. how do you define it? what exactly are you taxing? how are you taxing it?
my argument, is that its a hard problem. bernie sanders is the only person i see coming up with ideas.
i can’t. its easy to say “billionaires must be stopped” but how? specifically, exactly what.
to give an example. what is wealth hoarding? how do you define it so it doesnt cover savings accout or retirement?
If your retirement account has $100,000,000 in it, it needs to be taxed. Tax capital gains income like regular income and put some progressively higher tax brackets back, a progressive wealth tax, progressive taxes for homes worth more than a certain amount, and higher rates for second, third, etc homes, and hell, maybe even tax unrealized gains over a certain amount.
you put earn in quotes because i think you know they dont usually earn a billion. so what exactly are you trying to stop?
He’s putting it in quotes because no one has ever earned a billion dollars, because it’s not possible for a person to do one billion dollars worth of labor. If they have accumulated a billion dollars (or a billion dollars in assets), they’ve done it by taking it from others.
Exactly and I was being kind leaving them with 100 million. Beyond that I want to bring out the gulitions. Because hoarding that much wealth is a mental disorder with no cure. These fuckers will never get enough.
That’s overkill. Hunter-killer squadrons of unarmed gulls would suffice.
thats what i said… i feel like Data from Goonies
Wealth hoarding and exploitation
to be clear - i agree something needs to be done but nobody can define specifically what to do. how do you define it? what exactly are you taxing? how are you taxing it?
my argument, is that its a hard problem. bernie sanders is the only person i see coming up with ideas.
i can’t. its easy to say “billionaires must be stopped” but how? specifically, exactly what.
to give an example. what is wealth hoarding? how do you define it so it doesnt cover savings accout or retirement?
If your retirement account has $100,000,000 in it, it needs to be taxed. Tax capital gains income like regular income and put some progressively higher tax brackets back, a progressive wealth tax, progressive taxes for homes worth more than a certain amount, and higher rates for second, third, etc homes, and hell, maybe even tax unrealized gains over a certain amount.
Private property. That’s literally the definition. Abolish private property. Problem solved