• mfed1122@discuss.tchncs.de
    link
    fedilink
    English
    arrow-up
    61
    ·
    2 months ago

    A ONE-TIME tax is still too much for them! Incredible. Meanwhile there are people who expect to discharge 5% of their money on a one-time expense such as needing chemotherapy, or paying their phone bills. Market gains would likely recoup the entire 5% for the billionaires after about 12-18 months. But even this is just unacceptable for them.

  • Fandangalo@lemmy.world
    link
    fedilink
    arrow-up
    36
    ·
    2 months ago

    Billionaire math

    Average USA billionaire has about $7b in wealth.

    2026 * 365 ‎ = 739,490

    $7,000,000,000 / 739,490‎ = $9,465.98

    You would need to make $9k per day, for 2026 years, to catch up to the average billionaire wealth right now.

    It’s estimated in 2026 that it would cost $37b to end world hunger until 2030.

    Also note that Musk, Bezos, and other extreme billionaires are up to 100x of the average here ($700b for Musk). Who is making $900k per day?

    This is not natural, it’s not rational, and it’s completely bullshit. You can come up with whatever distraction you want (“wealth & income aren’t the same”), but we should be taxing every dollar above $1b at 99% or higher.

    30 years * 365 day = 10,950

    $1,000,000,000 / 10,950 ‎ = $91,324.20

    I could easily live off of $91k per DAY for 30 YEARS.

    If you put these numbers against a human time scale we can understand, I don’t see the argument for this level of wealth, especially not as people go hungry, without clothes or food, and children die.

    • Assassassin@lemmy.dbzer0.com
      link
      fedilink
      arrow-up
      21
      ·
      2 months ago

      Shit, $91k is more than double what I make ANNUALLY, and I’m not starving by any means. These hoarding pieces of shit need to go.

      • Fandangalo@lemmy.world
        link
        fedilink
        arrow-up
        30
        ·
        2 months ago

        For years, I’ve heard people say, “What? You want to outlaw wealth?”

        This level of wealth? Yes. Tax it at 99% above 1bn.

        You won the money game. Stop playing it. Help society.

        • Assassassin@lemmy.dbzer0.com
          link
          fedilink
          arrow-up
          22
          ·
          2 months ago

          My long standing belief is that if you hit $100M of wealth, you should get a nice fancy trophy that says “congratulations on winning capitalism”, along with a 100% tax on all future income.

  • Formfiller@lemmy.world
    link
    fedilink
    arrow-up
    31
    ·
    edit-2
    2 months ago

    He also vetoed a bill that would have kept private equity out of primary care so keeping a primary care physician has been a nightmare in California ever since. He gave PG&E a pass for murdering over 800 people in paradise because they were neglecting maintenance for shareholder profits. PG&E hiked our rates 6 times this year with his cronies approval and they made record profits. He’s slimy and part of the problem. Don’t ever forget that these evil Nazi tech bros came out of California and were enabled by him in his political career every step of the way.

    • Don’t ever forget that these evil Nazi tech bros came out of California and were enabled by him in his political career every step of the way.

      And this here is key. Every one of those Silicon Valley “techbro” sleazy rapists are where they are today because of corporate USAmerica. Silicon Valley empowered Trump and pushed Vance to be their VP. Silicon Valley is fully to blame platforming Project 2025 and the Heritage Foundation.

  • robocall@lemmy.world
    link
    fedilink
    arrow-up
    31
    ·
    edit-2
    2 months ago

    We must always vote for the progressives in local elections to prevent the Newsoms of the world from climbing the ladder

  • Honse@lemmy.dbzer0.com
    link
    fedilink
    arrow-up
    29
    ·
    edit-2
    2 months ago

    In interviews this week, Newsom cited billionaires who are shifting away from the state – such as Page and Brin, with whom he has longstanding relationships

    Oh no not your personal connections! What ever will the career politician do when its his turn to rake in lobbyist money :( Please god dont let this man be the dem candidate in 28

      • Default Username@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        7
        ·
        edit-2
        2 months ago

        Therefore, the only option left is for the leftists to take over Democratic party like how the Tea Party and MAGA took over the Republican Party, because if the Democrats run another pro-capital neoliberal after this shitshow, then America is truely done for (assuming we still have a democracy).

    • ramenshaman@lemmy.worldBanned
      link
      fedilink
      arrow-up
      7
      ·
      2 months ago

      Under normal circumstances, sure. If it’s Gavin vs. Trump then I assume you’ll vote for Gavin. Step 1 is get rid of Trump, step 2 is find a candidate that’s actually good. If we can do both simultaneously then that would be wonderful.

      • Doug Holland@lemmy.world
        link
        fedilink
        English
        arrow-up
        5
        ·
        2 months ago

        Voting blue-no-matter-who has given us a parade of Democrats who stand for nothing, do nothing, and eagerly cooperate with fascism. I’m too old to waste another vote on such a charade.

      • TotallynotJessica@lemmy.blahaj.zone
        link
        fedilink
        English
        arrow-up
        3
        ·
        2 months ago

        With a corprocrat in charge, the republic will be pushed towards collapse and the same violent thugs working for ICE will be cracking skulls before long. They will doom America to fascism or civil war, and the only way you will ever get stability lasting more than a few years is by taking control from them.

        Trump will never leave office alive, so give up on an election against him. When there is a choice, you’ll be voting for a JD Vance style Republican who is actually the puppet people seem to think Trump is, or you’ll be voting for a Democrat. If that Democrat is a coastal elite who was only rejected by the fascists because Trump didn’t like him, you’ve already lost. The Democrat will have a better chance in the general regardless, so it’s primary or bust.

        Oh yeah, you also need progressives to dominate in 2022 and 2024 down ballot, while the rich only need a king loyal to their corruption.

  • SabinStargem@lemmy.today
    link
    fedilink
    English
    arrow-up
    14
    ·
    2 months ago

    I am hoping we get good candidates to vote for over Newsom, both as governor and presidency. This man is corrupt, and bullies the poor.

  • Ensign_Crab@lemmy.world
    link
    fedilink
    English
    arrow-up
    13
    ·
    2 months ago

    Oh, he’s still not the preordained nominee yet? Still has to prove to the party who his owners are?

  • OshagHennessey@lemmy.world
    link
    fedilink
    arrow-up
    10
    ·
    2 months ago

    The controlled opposition party won’t meaningfully reform the corporatism that got us in this mess? No fucking shit.

  • BaroqueInMind@piefed.social
    link
    fedilink
    English
    arrow-up
    10
    ·
    edit-2
    2 months ago

    Gavin is such a god damn chode motherfucker. Democrats are limp-dicked bitches that keep voting to allow themselves to be constantly be cucked by these corporate-fascist democrats, or allow Republicans to continue to convince them banning guns and remaining unarmed while asking politely will convince conservatives to stop being Christian fascists.