Skip Navigation

Memes @lemmy.ml

Ascend910 @lemmy.ml

2w ago

Taxation will not work, we need to just take and devide their money

Devide

verb

Obsolete form of divide.

61 comments

What’s funny is that we don’t even need their money to pay for anything. We need to seize their means of production and dethrone them from their control of the state.

It's not "their" money. It's our communal wealth, stolen and privatised
- It's 100% their money. They control its rules, and it's designed to make them rich at our expense. Their money is part of how they steal our wealth.

Isn't that what taxation pretty much does? Takes money and redistributes it?
- Not in the US at the federal level. Taxes are an anti inflationary device when dealing with a sovereign currency. It's the last step of the fiscal year. Step one is literally printing money, step two is distribution of those funds, step three is to allow the money to circulate between businesses and people, and then step four at the end of the year is to levy taxes to combat inflation. They used to literally burn the dollars they collected, now they just zero out an entry in a ledger.
  
  but how will we pay for <anything that's not increased military spending>???
  talk about social services and taxes are like a bake sale, talk about funding war and it's what you describe
- Ostensibly, but if you ask any billionaire about it they'll just suppress a laugh
- I suppose OP is proposing a wealth tax.
  
  I think it's more about Socialism than taxation.

First you need to stop money from systematically flowing to the top or that dividing is only going to be a temporary measure.
- How tho?
  
  I'd argue there should be a flat out cap on wealth. Nobody should have 500 billion dollars. Not sure what it should be, but somewhere under 500 billion.
  
  To name a few:
  the classic riot, violence and/or revolution
  the coup
  organizing through unions and have general strikes until things change
  sustained peaceful protest
  voting
  switching to a different (underground) economic system
  massive emigration
  All come with some serious downsides of course.
  
  Tax wealth.
  
  With votes, sadly.

Everyone in this thread should support an inheritance tax
It is not a "death tax" it's a tax on unearned, undeserved income

Stop letting them borrow against it.
- No, no, no. Just like a tax on unrealized gains is a bad idea because of how much it would royally fuck up the stock market, including every 401(k). What they need to do instead is tax the ways used by the extremely wealthy to utilize their gains without technically realizing them, even if that sometimes means taxing debt (aka treating it as income when they borrow against it and taxing accordingly).
  
  Yes, changing the status quo is going to require some sacrifice. But we have more to gain by seizing their wealth than we do by protecting our crumbs.

But their nephew’s painting on the wall is worth a million bucks.

Yes, but I'll do the dividing. Just trust me on this one
- Yeah I’ll evenly spread out Elon Musk’s $200 billion.
  
  You're still winning the name game, btw. I honestly don't think anyone's gonna pass it

The rich will just come up with clever ways to get paid that avoids paying tax.
- Land value taxes are immune to tax evasion. It's assessed by the state instead of declared by the taxpayer.
  
  People here use farm land to pay less tax, ie for inheritance.
  
  How would you tax a software company that has remote work and runs on someone else's servers?
  The land they need could probably be a small single office room and a letter box.
  Edit: sentence structure

It's better to jail them, what's the point of having money in bank accounts if you can't access it?

Isn't that the definition of taxation and redistribution of wealth?
- Yes but if we can't spell divide I'm not sure I'd hold out hope for nuanced or accurate political commentary.
  
  No need to shame people for their spelling. You never know, the person in question might not be a native english speaker or could have dislexia.
  
  What have we got to loose?

Come on man you can’t even spell divide
- I came here to lead, not to read!
  
  It's gold, not lead
- Devide
  verb
  Obsolete form of divide.
  
  Apparently, yes.
  
  *Divide

How about capping the amount they can earn above their lowest paid employee? For them to rise they have to take everyone with them
- Or to be realistic, maximum ten times more.
  Let people dream a bit!
- They'd just 'devide' up their businesses into a chain of symbiotic entities defined by paygrade. Then the executive level can enrich itself insulated from us front line grunts.

Yes, the same people who couldn't get past the DNC to get Bernie nominated are certainly going to ge able to redistribute all the wealth.

Devide

61 comments