Billionaire Tax Officially Heads to Nov. 3 Ballot
1–10 of 67 posts
Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#2A "one-time" tax to fund recurring health care and educational expenses is an obvious lie.
Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#3In the USA "all men are created equal". Owning money should allow you more representation than not owning money. Companies/institutions should not be allowed to spend money on politics, and a flat tax would solve this.
Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#4Even if it fails, California has taken a multi billion dollar tax hit from all of the wealth flight as a result of this. Not to mention that those people may take jobs with them, straight to Florida or Texas or other friendlier states.
These taxes are an abject disaster everywhere they're tried. France tried it and it was extremely bad for them.
The cash raised from the tax is dwarfed by the wealth flight, every time.
Napkin math for just the people who have left already over 5 years show $50 billion in lost tax revenue. Probably far more in indirect losses (jobs, consumption, etc).
Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#5All of the wealth has been taxed before, often multiple times. Adding another layer sure seems like overkill.
Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#6Azim Premji donates every dollar he makes over 1 billion for the last 20 years.
Mckenzie Scott is working through donating her share. Same for Melinda Gates, Dustin Moskovitz & Cari Tuna.
Warren Buffet plans to donate the larger part to charity.
Let's keep building the good examples so the alternative (power consolidation across generations) is unthinkable for future generations.
Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#7Even if it fails, California has taken a multi billion dollar tax hit from all of the wealth flight as a result of this. Not to mention that those people may take jobs with them, straight to Florida or Texas or other friendlier states. These taxes are an abject disaster everywhere they're tried. France tried it and it was extremely bad for them. The cash raised from the tax is dwarfed by the wealth flight, every time…
You need to remember that the proponents of this kind of thing WANT rich assholes to leave. They consider that an environmental social improvement.
Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#8In the USA "all men are created equal". Owning money should allow you more representation than not owning money. Companies/institutions should not be allowed to spend money on politics, and a flat tax would solve this.
41 of the 56 men who signed the document containing that statement were slave owners.
Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#9In the USA "all men are created equal". Owning money should allow you more representation than not owning money. Companies/institutions should not be allowed to spend money on politics, and a flat tax would solve this.
41 of the 56 men who signed the document containing that statement were slave owners.
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Re: Billionaire Tax Officially Heads to Nov. 3 Ballot
#10In the USA "all men are created equal". Owning money should allow you more representation than not owning money. Companies/institutions should not be allowed to spend money on politics, and a flat tax would solve this.
41 of the 56 men who signed the document containing that statement were slave owners.
and yet now the constitution bans slavery
i find the "but the founding fathers had slaves" to just be nihilistic nonsense
the united states was a manifestation of enlightenment philosophy that persists to this day (despite attacks on it)