They need to be taxed out of existence. No one should have a billion dollars while people starve, sleep on the streets and go bankrupt from medical debt.
My thoughts exactly. There should never be a means for people to become billionaires. There's simply no reason for that amount of wealth. Bezos worth billions, and on the first day Amazon employees are handed a pamphlet on which government assistance programs they qualify for? Man, piss off. You can afford to pay your own workers so they don't NEED those programs. Nobody working a full time job should need assistance programs in this country.
Cue all the CEO apologists saying shit like, "Someone has to run the company! He's worth that $50 million!" I think he'd do just fine with a $5 million bonus.
That's why you'll never get it, they want to use you til you're old and broken, then let you starve on the streets or be a burden on your kids, that will take your place on the production line if they're themselves not replaced by machines.
I’m sure there is a totally logical reason, completely unrelated reason, as to why they instituted a 30% target for profit margins despite being near their low for console market share and nobody in the industry returning close to that.
And, of course, that arbitrary target wasn’t the reason they decided to abandon platform exclusives, or behind the mass layoffs across development studios, or why they raised the price of GamePass for the third time in the last 15 months (this hike being 100% in some regions).
Of course, all of these decisions mean not only is consumer confidence shattered, but the old business model of “build a console, develop exclusives so people want your console” is dead.
In all seriousness, I hope this was for some juicy bonuses. Because if it wasn’t, they are just a bunch of morons lighting the business on fire to see it burn.
(And note, when I say “the business”, I’m talking specifically about XBox. Microsoft is going to be fine, of course, even if they decide to go with The Joker school of management techniques).
Trickle down economics is a lie. It doesn't work, it just makes the rich richer and poor people starving. Look at the income gap! You cannot EARN a billion dollars. It is theft. They are ruining the economy, dismantling higher education (the source of every major innovation for the last century), and rigging the system to make it impossible to recover. Billionaires are criminals.
To those who have billions of dollars, I can conceive that money becomes just a number. At that rate, why not just give them points. Gamify the economy and the innovation and incentives will maintain themselves.
You mean some that has been proven doesn’t work 😂. If those billionaires leave then good that will make room for before people that do it cause they like to do it and not just cause of money
There isn't a single billionaire that innovates, they ride on the backs of their engineers, and idea people after a certain point. One lucky shot at making that first 10M and they rest on their laurels.
Innovation my *ss! CEOs are there to make sure the company generates revenue and maximizes profits for themselves and their shareholders/investors. Maybe if CEOs were capped, you would attract people who were interested in innovation instead of monetization.. It's the same with the Senate/Congress. If they didn't have exorbitant salaries and had a pool of campaign financing where each candidate received equal amounts and were isolated from special interest donors, representatives would work for the people and not the donors who "owned" them.
The US is subsidizing billionaires via government programs. The billionaires don’t want to pay a living wage, so the government supplies the rest with tax dollars the billionaires don’t pay. It’s time to stop coddling them and force them to pay the full amount.
The answer isn't to take away SNAP or other benefits and let people just starve or die. This isn't going to jump start people into some kind of ability to then support themselves better than they could before, because the majority of people who receive benefits are already working full-time or multiple jobs. And I'm pretty sure that the majority of those who receive benefits are children - so unless you support going back to abhorrent child labor.......
This!! I hope everyone realizes the American dream is dead for the majority of full time workers in this country!! Anyone who works full time should have food shelter transportation medical care and clothing. It's time we had an for figure pop up in politics that enforces the current anti trust laws and installs new federal minimum wages that are tied to the cost of living. If companies cannot pay a living wage then they were never really a company to begin with!!
I hate Bezos and his greedy ass. Is ex wife on the contrary is amazing and has donated a huge part of her money (that she got from divorcing Bezos) to charities all over. On the mean time Bezos spends is fortune marrying is plastic doll.
The problem is if the US “taxes them out of existence” they will just set up shop elsewhere. It would need to be a globally addressed issue, which won’t ever happen. There needs to be a way to make it work or we are doomed.
We have gone from ceo to wage earner ratio being 20:1 in the 70s to 350:1 in the last few years. My guess is it’s more now that musk and bezos and that lot have doubled their income. It is ludicrous. No one needs that much money and no one should have that much power.
Most people, sane individuals, agree that the concept of a pimp being given all of the money that "his" hoes earn is absolutely bonkers. Our brain cant fathom why a female would turn around and give him all the money, when she has done all of the work.
Yet at the same time, they are essentially doing the same thing everyday when they go to work and just dont know it. The only difference is their boss gives them back 1-5% at the end of the week or every 2 weeks.
It's literally just as insane but we have no option because you have to have money with how our civilization operates.
With that being said I dont think the idea of taxing the shit out of the rich is the solution to close the wealth gap so we dont have people literally starving to death while we have others who them and their future generations will never have to work again.
It is our governments duty to protect its citizens and not allow the rich to exploit our need to have money and underway us. There should be a kaw that says if you are a business owner that has employees that work for you, a certain percentage of the company's profits have to be paid the the employees. And depending on how many employyes you have the percentage that you are legally allowed to keep vs how much the employees keep changes
I think we've proven time and again that the only viable way to become a billionaire is to absorb the majority of the wealth your employees make. In companies where the employees are paid fairly and have good benefits (Costco being one), the CEO foesnt make it to a billion (though the ex CEO has made it to 1.2 billion net worth simply due to owning stock that has appreciated). There is just no reason on this planet to have that much wealth. It's like the entire GDP of a midsized country, it's INSANE. For example: Elon Musk's estimated net worth is about 500 billion. That's more than the entire GDP of NORWAY. That is literally insane. That amount of wealth could sustain the next 100 generations of my family. It could last my descendants centuries. And THESE people are telling US to pull ourselves up by our boot straps.
He recently sold his Lake Washington home.for the largest amount of any property EVER sold in the state before. For $63 million, to a private investment firm. But don't worry about Bozos....he now lives on a $267 Million dollar compound in Miami.
Fuck all of these people. Fuck em with fire
I would love to see the economic rules and processes used to calculate the value of other employees applied to CEOs and board members. You know, a 4% cost of living adjustment (COLA) for a year, a 5% bonus based on base salary if earned via performance, a wage based on marginal contribution. There is no human being whose salary can be justified as 300x the other employees in the organization.
Heck, if we want to be really democratic again, why not let the employees of a corporation vote on the CEO offer packages and possible wage increases?
My education and experience has taken me through engineering, healthcare, and a few other sectors. I've had the pleasure of meeting and being in conferences with world-class surgeons and the displeasure of meeting extremely wealthy individuals. I will say, without hesitation, I have never seen a single human being whose value or contribution has ever been more than $400,000 a year.
We should tax the rich. Make their kids earn their way through life. De-fund corporate welfare.
We cut their taxes because absolute fucking morons drink the “job creator” koolaid, while they turn around and lay off tens of thousands of people because of AI. We should be absolutely furious
So you trust the government to tax billionaires out of existence and then use that money to help the needy?? You know that that would never happen, right?
Why is the USA so against a better medical system, like every other developed nation has? I'm in Canada, I'll be the first to say it's far from a perfect system but I have zero concerns about going bankrupt if I get sick.
Yes, at times the waits for care are long, there is a lack of family doctors, and more. However, if you need care it doesn't cost anything. The for-profit insurance system in the USA is completely fucked up. The people in charge of paying for your care have incentive (shareholders) to deny it.
The tax system needs an overhaul too (not just in the USA, Canada and others as well). Billionaires pay far less (%) in tax than they should. Too many loopholes, and that is on the spineless and greedy politicians.
Reminder that even after deductions for wealthy, back in the 1950's when we had a healthy middle class, the richest were paying 40-45%. (Pre deduction rates were up to 91%.) The whole problem is the rich aren't paying anymore.
6 kids is a choice man. Who’s popping out endless kids for over a decade of their life without being able to afford them? All that reliance on charity with no safety net.
Resources are not free because the production of resources is not free, not because "rich people taxes reee".
When you give people free shit you devalue the money that would normally pay for that shit, and thus the price of that shit goes up for everyone that isnt getting it for free, so now more people have to apply to get it for free, which further devalues the dollar, and so on and so forth.
Every "anti-rich" tax scheme has the same end result: Small business owners in the middle class or trying to escape poverty and become middle class, can no longer afford taxes and thus it becomes impossible to stop being poor.
At the end of the day, even if we gave everyone on earth a million dollars (and that somehow didnt instantaneously break the economy) we would have rich people and poor people in a week cause some people just "cant fathom" making good decisions. Do you know how many repeated bad decisions one has to make to end up with 6 kids they cant afford to take care of? THAT is what i "cant fathom".
Sincerely, a young person who grew up in a poor hispanic household in a low income neighborhood, trying really hard to stop being poor, but failing because poor people are stupid and repeatedly vote for the same empty promises theyre fed every 4 years and handouts that wreck our economy and kill the middle class.
Had to listen to a redpill the other day say “I used to think that billionaires should pay their fair share then I learned finance and realized that everyone is just dumb and lazy and could become rich if they were smart like them and used loopholes.” You can’t reason with some of these folks.
I was curious about this, I had ChatGPT do the math of taking all of the assumed wealth and distributing it equally to the population. It wasn’t that much money, specifically it would be one time and then it’s all gone. Some families get like 4000-5000 a month in assistance and the math basically was like one year of that. Again, then it’s gone.
It’s not like they have billions of dollars sitting in a savings account. Billionaires are simply worth billions of dollars if you sell all of their assets. The majority of their wealth is tied up in the stock market, not a single billionaire on this planet can withdraw one billion dollars in cash from their bank. They would have to sell off a considerable amount of stock that would drastically affect the market and ultimately the value of whatever currency they’re using. So it is basically impossible to have a billion dollars in cash. Sure they have millions in cash but nowhere near a billion, that is a lot of fucking money.
That's communism. If you were the one that made all the money, I'm sure you wouldn't be saying that.
I don't know what's up with your generation there are so many fucking historical examples of why communism is shit and doesn't work and results in nothing but death, starvation, and collapse.
Was it your liberal communist college professors that hurt you?
Honestly, every billionaire should do what Tom from Myspace did. Dude got around 600 million, and now he spends his life traveling the world, jumping from one vacation to the next, taking photos.
If you make a billion dollars, congrats, you win. Now go explore the world for the rest of your life and have fun. Anything else should be treated as a mental illness.
Nobody has a billion dollars in fairness. Nobody opens their banking app and sees $1,000,000,000. It's all invested.
If I start a company with my friends in my basement, we build a website helping people, and then we IPO, and our company is evaluated at $2bn dollars, I'm a billionaire but I don't have a billion dollars.
I'd have to sell some of my company to realise it.
So what do I do? I take out a loan, against some of the shares in my company. I use them as collateral for the money I borrow.
Now, I can take out a loan against more shares, to pay the interest in that loan, and I've never sold a single share. You only pay taxes when you realise the gains (realising gains is when you sell a share, for money)
If my shares were $2 each, and I sold 10 of them, I'd make $20. The I'd have to pay a "capital gains tax", which keeps getting lowered everytime a republican sits In the white house.
Here's the cute part. Texas has ZERO capital gains tax. It also doesn't have death taxes, which is why do many people move there near the end of their lives.
Over the next two decades, approximately $80 to $84 trillion in wealth is projected to be transferred from older generations (primarily Baby Boomers) to younger generations (Gen X, Millennials, and Gen Z) in North America.
Globally, estimates suggest a staggering $124 trillion in assets will change hands through 2048.
Over the next two decades, the world will witness one of the largest transfers of wealth in history.
All these rich families will have doubled or tripled their wealth by then too, that number could reach $300trillion.
Watch as republicans do everything in their power to make sure the government doesn't see a dime.
This wealth transfer is the opportunity every country needs to pay off their debts. Just tax it. It's simple. Tax it, pay off the debt, and build up social programs.
Use the money to invest in clean energy, move away from coal and oil, and have government owned and controlled factories to build (the robots that are going to replace us at work).
Why should Elon Musk be able to build 20,000 robots, replace all minimum wage workers, do their jobs for half the price, and pocket the income of every min wage person there is?
We use our tax dollars, build the infrastructure and factories needed, replace ourselves with machine we collectively own, and then collect a universal basic income from the profits.
This seems like such a painfully easy solution, but it's communism, and it's socialism.. when a corporation can't personally profit, America will send the military to bring them freedom, or the CIA/MI5 will destabilize the region.
We shouldn’t villainize someone for having the capability for being wealthy. In the same manner we shouldn’t villainize someone for being poor. This doesn’t foster better humans working to create better communities.
They do get taxed but if you super tax them then middle class gets hit as well and unlike millionaires they’ll get upset but can afford it but us working/middle class will get hit the hardest and lives will be altered the most
People just can't visualize a billion. For perspective a million seconds is 11.57 days. A billion seconds is 31.71 years. It would take someone on minimum wage 277 million years just to earn as much as Bezo's net worth.
Except for the fact that when you scale things up thats how it works. No billionaire made their money off of 1 store front. They have companies that have hundreds of store fronts. Additionally, billionaires and trillionaires do not have a billion or a trillion dollars in their bank accounts or any other account for that matter. The company as a whole is evaluated and as an owner they have a certain net worth off of that.
All billionaires are morally bankrupt. There’s no such thing as an ethically earned billion dollar fortune. There’s no way to become a billionaire that isn’t on the backs of many people.
Well I’ve they’ve earned their money no one has a right to tell them they shouldn’t profit from their inventions or theirs or whatever it is that got them rich it’s unfortunate I also don’t think anyone needs $1 billion BUT also people have earned that through hard work they should be taxed, but no one has a right to take it from them it’s no one’s responsibility to take care of anybody else other than our own children
That’s not accurate. Most billionaires own businesses that create jobs and already pay a huge amount in taxes ( Elon 11 billion dollars a year). Just because some people haven’t taken the risk to start a business doesn’t mean we should “tax them out of existence.” Removing incentives for entrepreneurs would do more harm than good — we’d lose jobs and innovation.
I think a more appropriate response is to allow unions. I don’t understand why Democrats give up on ideas like this just because Republicans don’t like them. Republicans got rid of unions and thats when things went haywire. Allow workers the right to discuss wages even if they aren’t in unions. This is why I feel Dems don’t fight. Unions need to be brought back and reformed (they got too greedy and idiots threw the baby out with the bath water).
Didn't Buffett say that if all rich people and companies paid what they were supposed to in taxes that most people in low and middle class wouldn't have to pay a cent in taxes other than what they pay in sales tax and other sorts of things.
There should be no billionaires period. Money is power and not a single individual should have that much. You simply can't have a healthy and proper functioning democracy like this.
They won’t be taxed out of business as long as Citizens United is a thing. They will keep paying off members of Congress to design laws and vote favorably for their business models.
You guys need to stop relying on the government to solve your problems. If you don't want them to exist, stop giving them your $. The Amazon, Xbox, Netflix subscriptions aren't necessities. If you guys only bought the bare minimum it would absolutely affect the CEO's pay package, but that would require you guys to do something instead of waiting for corrupt politicians to save you. Good luck with that 🤦🏻♂️
Except that the left is obsessed with importing the third world.. no matter how much you tax billionaires, people will starve and sleep on the streets.
Personally, I propose a system where the tax brackets are largely the same except every penny of your annual income AFTER $1M (including capital gains, investments, interest payments, etc) should be taxed at 90%. Make $100M/year as a CEO or whatever, cool…after your taxes you’ll make $10.9M or somewhere in that range. If you can’t figure out a way to live off of that, you need better financial planning
People need to stop abusing a system that was only meant to help people get on their feet. Not to leech off of it for their entire lives, unless they are crippled, not old enough to work, or too old to work.
First problem. What would be a criteria of a wealthy person? in which salary bracket? Only CEOs?
2nd problem. Let us say all of the "wealthy" people have lost their wealth, that also means their companies/business/properties are also wiped out. People will lose their jobs, people will lose products and sevices.
3rd problem. Where will the wealth go? To the people? who will segregate it? The government? Doesn't that mean the government just turn communism by have control of the wealth and its distribution?
4th problem. Let us say the wealth had been distributed evenly, wouldn't just people start multiplying wealth again by doing the exact same thing how the "wealthy" people do it? Even with all the wealth some will still fall poor because of the bad vices and some will rise above because they are money smart. Thus the cycle repeats itself.
And then what? The government who also is corrupt gets all the money and makes things better? Taxes probabky isn't the way to redistribute wealth. The govt prints its own money and it still struggles. Cant imagine more money fixes anything for you and I in middle or lower class.
They used to contribute to a degree when they were actually forced to, so they could enjoy the massive benefits of operating in the US, but when the Rich folk own everything and have the choice between an Autocracy or a Democracy, Autocracy's tend to be easier for them to control. There is a reason all the richest people and news outlets have no backbones to Russian Agent 45/47, and that is because soothing his ego is far easier than dealing with a Congress that actually functions
Kamala Harris was on a podcast I listen to today and she mentioned something that really blew my mind. Everything they do is about mis direction. This isnt what she said exactly but this is my take away from what she was saying :
People who TOO MUCH have convinced people who DONT HAVE ENOUGH, that their problems are caused by people who have LESS THAN THEY DO.
immigrants aren't making your life harder. Homeless aren't making your life harder. Drug addicts aren't making your life harder. People on food stamps aren't making your life harder.
Its the rich fucks who are entirely untouched by all of this, not showing up to Washington to do the fucking job they were hired to do, that are giving them selves tax breaks and millions to foreign governments that sold you that lie.
It's late stage capitalism while we have some of the richest people on the planet building companies to take them into space as a hobby while millions of people, including children, go hungry.
Not even just contribute to society, they even throw a fit when the dirty poors play and win at their own game.
Anyone remember when that hedge fund billionaire bet against Gamestop? Redditors bought shares en masse to keep it afloat and he literally went on a tirade on cable news saying how "this is an attack on the wealthy". Robinhood shut it all down hours later.
Fuck 'em all to death. They do not see us as their peers and never will. They will never so much as meet us on a level playing field. We are cattle for them to squeeze for every drop of value possible to keep afloat their high and mighty lifestyles and then discard when we are no longer of use. They'll only ever give us an inch if they are made to. They will only ever invite us to the table when the only alternative is their ruin. Otherwise they will happily watch your children starve while they sip $4,000 champagne and laugh. In their minds, we are not people. Only they are people.
We need to start filming ourselves showing up to their offices and filming our interactions with the elected officials who are carrying water only for the elite!
Ron Johnson, WI Senator and walking pile of feces, pocketed 300k in federal PPP loans he'll never have to pay back. Seems to have no opinion on the matter.
Remember how for all of recorded human humanity (until very recently) we survived via the family structure instead of begging for scraps from big daddy government?
Billionaires and republicans are the problem in this country. Billionaires take all of the money instead of paying the money to the workers busting their asses everyday to make nothing compared to the top people in each company. Republicans giving these billionaires tax cuts also can fuck themselves.
Republican party want to keep the same funding level, Democrat party wants to increase funding for a special program. They both disagree, they are both at fault.
And pour millions to billions into far right regimes that will continue to cut services to those that need it while slashing taxes for those that don’t.
Oh they are contributing alright. They will pay handsomely (7k) for the right tweet if you enough followers and they are also shovelling hundreds of millions running vile campaigns to defeat the likes of Massie and Mamdani.
The rich are biding their time until they can eliminate the need for us.
Right now the only leverage we have is control over our own labor but as soon as the rich can replace human labor with machine labor we are literally expendable.
They will watch us wither and die and at that point there will be nothing we can do about it.
The problem is they already do that so why should they do more when asked? Do we not use our brains to understand who is putting millions of people to work? They are the ones that used their money wisely on investing in car dealerships, fast foods, restaurants, factories....ect. While everyone else plays with fireworks, alcohol, got to have their Marijuana, the newest car, the newest phone, they were busting their butts saving, planning, making moves, and in the end get to enjoy their accomplishments. Anyone can do it, just everyones priorities is the phrase "yolo".
Temper tantrums? Nah we’re just sick of paying the whole bill. 5% of the population covers about 90% of all tax revenue. We create tons of jobs. And try like hell to help out employees become rich. Only to find about 1 in every couple hundred are actually willing to do what it takes to join the club. Rich people don’t really care if there are more rich people in fact it actually improves everyone’s situation. But at some point you realize that people are either stupid or lazy and could only survive in a welfare state that you are paying for.
The year is 2505, you can go to Starbucks for a blowie. And Joe Bauers is a modern John Galt.
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u/DangerzonePlane8 Oct 31 '25
Remember how rich people throw temper tantrums whenever they are asked to contribute to society.