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10 comments in c/politics@lemmy.world view that post
[–] 5 points 1 month ago

It just takes one change.

If, within a year, you take out loans totaling more than some variable using assets as collateral, the assets are taxed as realized gains and the loan is taxed as income.

The variable would be some multiplier of the net take home pay of the lowest earners, say 50x the lowest 20% (~$1.6m). That way, if they want cheaper loans, people need to be paid more.

This has the added benefit of not applying to regular people doing stuff like equity loans.

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  • [–] 5 points 1 month ago

    Prop 40: billionaire tax. Prop 41: tax that indirect kills prop 40. Prop 42: directly kills prop 40.

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  • [–] 3 points 1 month ago (7 children)

    We don't live in a democracy. Did we ever?

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  • [–] 6 points 1 month ago* (last edited 1 month ago) (1 child)

    No. It's always just been rich people controlling things.

    Hell, the revolutionary war was largely about the rich not wanting to pay taxes.

    If they wanted a true democracy we wouldn't have the EC.

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  • [–] 1 point 1 month ago

    1000%

    Also the Senate, which is about as democratic as a house of lords.

    A Wyoming voter has seventy times more voting power in the Senate than a Californian.

    People vote, not states, not corporations.

    One person, one vote is the most fundamental democratic principle imaginable, and we don't have that.

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  • [–] 4 points 1 month ago (4 children)

    LMAO, I keep saying the same thing up here in WA state where it's "As Blue" as California now. Yet somehow the last few initiatives to pass (Heh, democracy!) have been stricken down by the courts (who I thought were supposed to be non-partisan?)

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  • [–] 2 points 1 month ago

    Right here with you.

    Emily Randall, my new congressperson, revealed she was a Zionist only on the eve of her election.

    All my Dem state reps voted against the millionaires tax after saying nothing on it prior, ever.

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  • [–] 1 point 1 month ago* (last edited 1 month ago) (2 children)

    What was stricken down was the natural gas initiative and it was struck because initiatives are supposed to tackle one issue, not multiple. It was Let's Go Washington and Heywood's fault for not properly writing the initiative and trying to trick voters.

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  • 4 comments in c/california@lemmy.world view that post
    [–] 7 points 1 month ago

    It is time for these scum to pay up.

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  • [–] 3 points 1 month ago (1 child)

    Just arrest them and sieze their assets I’m so sick of this shit

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  • [–] 3 points 1 month ago

    I mean, billionares can either pay taxes or everyone can just come to them to collect.

    I'm sure they can afford fancy security, but if one of those people is not well paid, or would like even MORE money, that fancy security team isn't going to do much.

    There is a limit to what the population will put up with. I feel that we are getting closer to that limit. Either these rich people can all retreat to their weird underground bunkers to live like moles or they can part with a fraction of their absurd wealth.

    At this point it feels like a "moral" stance they are taking to refuse paying taxes. I do not understand why. I suppose hoarding tendencies are a symptom of mental disease. When you have a person who fills their home with plastic forks or comic books, it grows out of control. When you hoard money, it is viewed as success. It is the same mental disease.

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  • [–] 1 point 1 month ago

    I have no faith in Californians to be competent to understand taxing billionaires is in their benefit no matter what union supposedly benefits more than another

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