cross-posted from: https://lemmy.ca/post/7812592
cross-posted from: https://lemmy.ca/post/7812500
PARIS, Oct 23 (Reuters) - Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.
If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said.
That’s pretty insane, because that’s barely 1/3 of what the USA spends on its military alone every year. I think we can do better than 2%, these people won’t even notice.
(To be clear though, anything would be better than nothing. The chances of even a measley 2% tax getting passed is slim to none, and those chances get smaller the higher the tax is, so anything we can get is a win.)
By the time you could get the Billionaires to “agree” to a 2% wealth tax, you would be in a position to demand basically 100% with progressive taxation of course.
The fact that anyone can amass that amount of wealth means that far too many people were not paid enough.
How about this: Tax them as much as it would take for them to experience hardship, just like the rest of us.
A family making under $75,000 these days is barely able to make ends met, so the tax they experience causes suffering. Yet the way we tax billionaires makes no difference at all to their quality of life. Tax them more. Until they feel it.
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The problem is that they’ll just fuck off to a country with less taxes, so you’ll lose all the taxes that they paid before as well
The whole schtick is taxing the populace and diverting it to the ultra wealthy. That’s the whole plan, everything else is just noise. Why would they (the rich who write the laws) change that, short of a revolution?
Revolution, same day next month… Let’s do it
Oh damn my wow raid is scheduled that day
Big could
“So you’re saying more tax cuts to these billionaires? Done deal” - entire world’s leadership
Finally we will be able to pay for all those tax breaks for the rich.
The problem is that money would just be pocketed by the law makers or used to fund war.
Better it goes into government so at least people can vote to change it. If billionaires hold it they will just use it to influence the government and hoard wealth.
Better it goes into government so at least people can vote to change it.
We can’t change it. Politicians would still have their monopolical powers because they help each other. Don’t trust the government. Billionaires not only influence it, they also receive help from them.
so at least people can vote to change it
Fucking lol.
