I mean you could even take the bottom number and leave them with the top number and they could still live in unimaginable luxury forever. Or just take the lot because fuck em lol.
The proportional difference is the same, i.e. the same number of orders of magnitude separate them, but in absolute terms, someone with $10B is closer in wealth to your or I than to Bezos (which, to be clear, does not mean we shouldn’t take it, merely that the height Bezos is at is unfathomable)
Most of their billions is ownership in companies they grew into what they are today. It’s not like they have billions to spend, it’s that their ownership is worth billions according to the market.
They could go to any bank and leverage that asset for a loan for more than everyone who posts on this platform will make in their lifetimes no problem. That is a nonsense talking point
While that may be technically true, is running defense for these people who would happily see you and everone you care about die if it would make them another buck really something you want to be doing?
You all realize they don’t have that money laying around to pay the IRS right? They own companies, those companies are worth that much. To pay that you would have to liquidate those companies. So no more Amazon, Tesla, Space X, etc…
I would be happy to take taxes in the form of ownership of the company
here the tax genius of Henry the 8th comes into play “pay me my money or else”
when noblemen didn’t pay william the conqueror the taxes he felt were due on time he would boil them. The principle being that if the rich face consequences for breaking the law they obey.
I highly recommend you to read the paper billionare argument. The market can stand the liquidation of most of those companies without making them go bankrupt, we don’t want them to stop existing, just to make them smaller and not a threat to democracy.
For the whole scale of wealth I also recommend going through wealth shown to scale
You’d have to be dense to think this is capitalism. The corporations are clearly communist
No, this is actually existing capitalism. The utopian fantasies of capitalist theorists like Adam Smith and Keynes simply do not work or exist in reality.
In terms of Smith writing about his present conditions, I think it was accurate enough for mercantile society. The problem (besides his not-always-reasonable history) is that because he often failed to distinguish first principles from idiosyncracies, the logic of his observations shatters in any other context (e.g. global capitalism).
Take the inverse of that and you’re getting closer to what actually needs to happen.
their fair share is connected to their necks, but im sure we can figure out a way to get it off them
Death to America
well their fair share would be they get nothing (or close to compared to what they do have)
