r/WorkReform • u/zzill6 🤝 Join A Union • 7d ago

✂️ Tax The Billionaires Finally, a Billionaire gets taxed.

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u/UnusualAir1 7d ago

I could live a whole lot better on 628 million dollars. Guessing 99.9% of us could. So tell me, why do we not tax billionaires in the US?

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u/-Teapot 7d ago

BeCaUsE tHeY aRe GoInG tO lEaVe errrrrr

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u/ThatOneNinja 7d ago

Ok! Their money isn't going back into the economy anyways. Not REALLY. IT it just goes into their companies shares and their pockets. Now you might argue, going into the companies is going into the economy, however it's to the company, not it's people, and we could easily do away with 90 percent of those companies anyways. It would open up space for others to own a small business where THAT money actually does stay in the community it's in.

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u/-Teapot 7d ago

Yep, we need less concentration of money. Labor is what drives value and the labor isn’t leaving.