encouraging you see a disparity.
please read more on the need to reign in "extreme wealth"
encouraging you see a disparity.
please read more on the need to reign in "extreme wealth"
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.
The reasoning I've always heard for not applying a massive wealth tax has been that a lot of money would be offshored and a lot of money would no longer be circulated through the economy. The problem is, that's already happened to a large extent. I think Biden's proposal to increase rates on income above 400k is good, then really start jacking it up at 5 million with a scale that ends up around 70% for anything above some crazy number like 50 million. It would need to be accompanied by the elimination of a ton of tax shelters these people are using. No more paying Brad Pitt for letting his thousands of acres be an "unworked farm."
I think there should be significant tax penalties for corporations who reduce the number of domestic employees as well, regardless of the reason. Some form of a significant (like 75%) penalty on any executive bonuses greater than 10% of salary if the company has reduced the year to year number of domestic employees at any point in the past five years. Grant a tax credit equal to half the salary of each job moved from overseas to domestic, renewable at 10% less than the previous year's rate for five years if the position remains filled domestically. That takes away the profit incentive for both the company and the executive to cut payroll, and incentivizes domestic production. The path to corporate success has been to screw over employees to benefit stockholders for too long. That needs a disruptive, revolutionary change.
I'm probably way off on some numbers, and I've no doubt the CoC types would promise dire economic consequences. I really don't care. CEOs can't get multi million dollar bonuses for declaring bankruptcy and putting huge groups out of work. Working employees can't be fired just to increase stock dividends. Financial incentives can't exist to make it profitable for the Kochs, Bloombergs, Adelsons, etc to invest tens of millions in an election. Single individuals can't be allowed that much power over our system. These things seem self evident to me, 100 of us stranded on an island would never allow this level of inequality to develop.
Last edited by Jaw; 11-28-2020 at 12:17 AM.
Go get him!
Founding member of the Whiny Little Bitches and Pricks Club
Nasdaq on Tuesday moved to require that companies on its exchange include a woman and a person of a minority racial background or sexual orientation on their boards of directors
That’s a joke
Scott SantensBilled capMan surfing
@scottsantens
·
2h
It's bullschit trickle-down economics to want to give money to businesses
in order to try and keep them open, instead of wanting to get money to
people so they can be customers. Let customers decide which businesses
should succeed or fail based on their spending
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.
The left is the party of Davos now.
Natural Immunity Croc
If the dems don't cancel student debt their very rich constituents will not be happy!
Jaw (12-01-2020)
Yep. I can't believe we're in a place where people have the gall to act like that student loan debt is a burden. It's an opportunity, a sign of privilege. I would have loved to have had student loans.
Go get him!
Founding member of the Whiny Little Bitches and Pricks Club
Dan Price
@DanPriceSeattle
·
10h
If trickle-down economics worked, we wouldn’t see a record $1 trillion
in wealth gains for billionaires
at the same time as record wait times at food banks.
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.
If you understood how trickle down economics worked, you wouldn't post bad tweets
It's MAGA Hour
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.