A billionaire tax just qualified for the November ballot — and an Nvidia billionaire is already telling his friends to move to California. Shuster on the heresy of the year.
And a national one, & not just once. Louis Brandeis had a quote, we could have great disparities in wealth or democracy, not both. When ppl like Thiel, Ellison, Musk are as rich as nations, we get Trump. Every Dem should run on a nat wealth tax, closing carried interest loophole (Biden would've if not for Sinema's treachery), adding ~70% top rate for income over $10MM/yr as AOC proposed. All popular AF + great policy, which we learned creating largest middle class in world history from 1930s-80s when top rate got as high as 91% under Ike, & regularly was 70%+.
$50000000 out of $1,000,000,000 leaves those poor rich victims $950,000,000 with the ability to earn that money back. We’re not exactly stealing from widows and orphans.
They have more money than they'll ever know what to do with. They benefitted from our publicly funded roads, universities, parks, and most of all rule of law which they've now tried to destroy. This is literally a no-brainer, only corruption has stopped it
I think we are waking up. I think that's why California is doing this, why Dems like Talerico, Sherrod Brown, Ossoff and more are running against the billionaires, etc. We have pushed it here at Blue Amp Media from the beginning, making the connections between the Epstein predators and billionaires who prey on businesses, democracy, healthcare, etc. They are the same ppl, or at the very least the same circles.
These billionaires are benefiting from a corporate welfare program. The very thing (welfare) they bitch about with the lower class. They must be taxed. They owe more than their share!
Of course, they all buy enough power so they get subsidies. As Musk was taking food out of hungry kids' mouths & killing sick children abroad by destroying USAID, he was taking huge govt subsidies. There's no use in looking for consistency w them. They're evil.
I dont understand why anyone of modest means (not a millionaire or billionaire) would think it's not ok for billionaires not to pay a fair income tax just like every else does. Otherwise, send them to the moon to develop their own world, the one that they are trying to saddle us with on this planet. That way they dont have to pay taxes for anyone other than themselves.
They're brainwashed by right wing media, or so stupid they think they'll be billionaires one day. I'm with you DL, it makes literally no sense to not support it, especially as we know frmo our past that it's good policy
Brainwashed, stupid, a variety of reasons. There is always 25-30% who support fascism or communism in democracies. Forget about them, they're never gonna make sense, the others are what matters
These billionaires use any excuse to continue to avoid their fair share of taxes. Yet, the money they dump into Republican candidates to keep their cushy lives doesn't seem to bother them at all. Let's face it, they want to control the money. Being citizens of these United States means we are equally responsible for the care of or country, its resources, and each other. If Republicans had not allowed the wealthy to covet their money and had been taxed we would not be in this position.
Yes, it's about power at that point, Shirley. There are people who have become billionaires bc they're passionate about something and very good at it, but you won't see them fighting this, they're good folks. People like Spielberg. Not every billionaire is bad. But the ones who set out to acquire vast wealth as a means of control, who now fight taxes as they get rich off of govt subsidies? Honestly, f-k em. Tax the hell out of them.
The uber wealthy live in a world different from ours. If they get sick they can fly a doctor over to their private island. They will never know about food insecurity, they don’t rent an apartment they buy the whole building and covert it into their private palace. They know nothing of street crime, when they go out they have a security detail. The uber wealthy do not need to care about our social concerns, they’ll throw a party with $1 million dollar tickets. Allowing these type of people to control our government, which now they do, is simply throwing dirt in the face of a representative democracy. The uber wealthy are not part of every day society.
This is all true. But if they studies enough history, they'd know that eventually the pitchforks find them. And they might even arrive before they have time to climb aboard their private jets and escape
Top notch Cliff and David. You can bet this Californian will vote yes on this It Is incumbent, if we truly are our brother's keeper, that those who can, should.
Great article! Fantastic writing! Thom Hartmann has told the story often of an interview of a very wealthy businessman in Finland or in one of the smaller countries in Europe (I do not recall details or if Thom conducted the interview). When the businessman expressed support for an increase in taxes (as I recall the story) the interviewer was quite surprised that an oligarch would favor a tax increase that would affect his bottom line. His response was that he would not want to be a rich person in a poor country (paraphrased, of course). That was a wise man who understood reality and humanity. The rich inevitably have a devalued and debased life and ultimately pay a high price for hoarding wealth and causing desperation among the ordinary working people. We all share what we all experience and see, and degradation of one is degradation of the many, including the privileged few.
They can no longer use the excuse that their wealth and risk taking will provide jobs for the rest of us. Very FEW Americans overall gain from the so-called "trickle down economy". When AI affiliated robotics leave factories and offices devoid of all but several maintenance people, then maybe the much less wealthy persons who support the uber rich will finally open their eyes!
Every state needs to do the same tax the wealthy now to support the needs of the people in the state who require help.
And a national one, & not just once. Louis Brandeis had a quote, we could have great disparities in wealth or democracy, not both. When ppl like Thiel, Ellison, Musk are as rich as nations, we get Trump. Every Dem should run on a nat wealth tax, closing carried interest loophole (Biden would've if not for Sinema's treachery), adding ~70% top rate for income over $10MM/yr as AOC proposed. All popular AF + great policy, which we learned creating largest middle class in world history from 1930s-80s when top rate got as high as 91% under Ike, & regularly was 70%+.
$50000000 out of $1,000,000,000 leaves those poor rich victims $950,000,000 with the ability to earn that money back. We’re not exactly stealing from widows and orphans.
They have more money than they'll ever know what to do with. They benefitted from our publicly funded roads, universities, parks, and most of all rule of law which they've now tried to destroy. This is literally a no-brainer, only corruption has stopped it
what a great article thank you. I wish we could collectively wake up and stop giving them all our money
I think we are waking up. I think that's why California is doing this, why Dems like Talerico, Sherrod Brown, Ossoff and more are running against the billionaires, etc. We have pushed it here at Blue Amp Media from the beginning, making the connections between the Epstein predators and billionaires who prey on businesses, democracy, healthcare, etc. They are the same ppl, or at the very least the same circles.
These billionaires are benefiting from a corporate welfare program. The very thing (welfare) they bitch about with the lower class. They must be taxed. They owe more than their share!
Of course, they all buy enough power so they get subsidies. As Musk was taking food out of hungry kids' mouths & killing sick children abroad by destroying USAID, he was taking huge govt subsidies. There's no use in looking for consistency w them. They're evil.
Pure! And, we keep calling them out!
I dont understand why anyone of modest means (not a millionaire or billionaire) would think it's not ok for billionaires not to pay a fair income tax just like every else does. Otherwise, send them to the moon to develop their own world, the one that they are trying to saddle us with on this planet. That way they dont have to pay taxes for anyone other than themselves.
They're brainwashed by right wing media, or so stupid they think they'll be billionaires one day. I'm with you DL, it makes literally no sense to not support it, especially as we know frmo our past that it's good policy
TAX THESE ROTTEN ASSHOLE MOTHERFUCKERS INTO OBLIVION
Endorsed
I just can’t understand why a full third of the population would oppose it!
Brainwashed, stupid, a variety of reasons. There is always 25-30% who support fascism or communism in democracies. Forget about them, they're never gonna make sense, the others are what matters
These billionaires use any excuse to continue to avoid their fair share of taxes. Yet, the money they dump into Republican candidates to keep their cushy lives doesn't seem to bother them at all. Let's face it, they want to control the money. Being citizens of these United States means we are equally responsible for the care of or country, its resources, and each other. If Republicans had not allowed the wealthy to covet their money and had been taxed we would not be in this position.
Yes, it's about power at that point, Shirley. There are people who have become billionaires bc they're passionate about something and very good at it, but you won't see them fighting this, they're good folks. People like Spielberg. Not every billionaire is bad. But the ones who set out to acquire vast wealth as a means of control, who now fight taxes as they get rich off of govt subsidies? Honestly, f-k em. Tax the hell out of them.
The uber wealthy live in a world different from ours. If they get sick they can fly a doctor over to their private island. They will never know about food insecurity, they don’t rent an apartment they buy the whole building and covert it into their private palace. They know nothing of street crime, when they go out they have a security detail. The uber wealthy do not need to care about our social concerns, they’ll throw a party with $1 million dollar tickets. Allowing these type of people to control our government, which now they do, is simply throwing dirt in the face of a representative democracy. The uber wealthy are not part of every day society.
This is all true. But if they studies enough history, they'd know that eventually the pitchforks find them. And they might even arrive before they have time to climb aboard their private jets and escape
Why not a 2% yearly after the one time 5%
I'd be all for it. why not 2.5%. Half of that first year every year after. They can afford it and still laugh all the way to the bank
Top notch Cliff and David. You can bet this Californian will vote yes on this It Is incumbent, if we truly are our brother's keeper, that those who can, should.
Thanks Tim, and smart voting, and exactly my philosophy on this
Great idea. More of this thinking please
Couldn't agree more
Well done, David. We need the population to stay appraised.
Duh, yeah tax them.
Right!?
Great article! Fantastic writing! Thom Hartmann has told the story often of an interview of a very wealthy businessman in Finland or in one of the smaller countries in Europe (I do not recall details or if Thom conducted the interview). When the businessman expressed support for an increase in taxes (as I recall the story) the interviewer was quite surprised that an oligarch would favor a tax increase that would affect his bottom line. His response was that he would not want to be a rich person in a poor country (paraphrased, of course). That was a wise man who understood reality and humanity. The rich inevitably have a devalued and debased life and ultimately pay a high price for hoarding wealth and causing desperation among the ordinary working people. We all share what we all experience and see, and degradation of one is degradation of the many, including the privileged few.
They can no longer use the excuse that their wealth and risk taking will provide jobs for the rest of us. Very FEW Americans overall gain from the so-called "trickle down economy". When AI affiliated robotics leave factories and offices devoid of all but several maintenance people, then maybe the much less wealthy persons who support the uber rich will finally open their eyes!