Taxation will not work, we need to just take and devide their money
Taxation will not work, we need to just take and devide their money
Devide
verb
Obsolete form of divide.
What’s funny is that we don’t even need their money to pay for anything. We need to seize their means of production and dethrone them from their control of the state.
First you need to stop money from systematically flowing to the top or that dividing is only going to be a temporary measure.
How tho?
It's not "their" money. It's our communal wealth, stolen and privatised
It's 100% their money. They control its rules, and it's designed to make them rich at our expense. Their money is part of how they steal our wealth.
Isn't that what taxation pretty much does? Takes money and redistributes it?
Not in the US at the federal level. Taxes are an anti inflationary device when dealing with a sovereign currency. It's the last step of the fiscal year. Step one is literally printing money, step two is distribution of those funds, step three is to allow the money to circulate between businesses and people, and then step four at the end of the year is to levy taxes to combat inflation. They used to literally burn the dollars they collected, now they just zero out an entry in a ledger.
I suppose OP is proposing a wealth tax.
I think it's more about Socialism than taxation.
The rich will just come up with clever ways to get paid that avoids paying tax.
Land value taxes are immune to tax evasion. It's assessed by the state instead of declared by the taxpayer.
Yes, but I'll do the dividing. Just trust me on this one
Stop letting them borrow against it.
No, no, no. Just like a tax on unrealized gains is a bad idea because of how much it would royally fuck up the stock market, including every 401(k). What they need to do instead is tax the ways used by the extremely wealthy to utilize their gains without technically realizing them, even if that sometimes means taxing debt (aka treating it as income when they borrow against it and taxing accordingly).
Yes, changing the status quo is going to require some sacrifice. But we have more to gain by seizing their wealth than we do by protecting our crumbs.
Isn't that the definition of taxation and redistribution of wealth?
Everyone in this thread should support an inheritance tax
It is not a "death tax" it's a tax on unearned, undeserved income
But their nephew’s painting on the wall is worth a million bucks.
Yes, the same people who couldn't get past the DNC to get Bernie nominated are certainly going to ge able to redistribute all the wealth.
How about capping the amount they can earn above their lowest paid employee? For them to rise they have to take everyone with them
They'd just 'devide' up their businesses into a chain of symbiotic entities defined by paygrade. Then the executive level can enrich itself insulated from us front line grunts.
Or to be realistic, maximum ten times more.
Let people dream a bit!
Devide