Elon musk would be in jail and broke by now if the SEC could do its job
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We are so far past "taxing" them. They need to be stripped of their wealth completely, not lose some extra 5% on the next haul.
I say kill them, especially the billionaires who are also chuds, then tax the surviving billionaires
It's going to come to that sooner than we think.
I thought this years events would have done it, but people are still waiting
Or nothing will change for the better because we engage in this childish and now apparently murderous nonsense online instead of doing anything practical.
The people who talk openly about murdering us with their policies, budget proposals, and lunatic campaign funding are having people talk about murdering them!
O' the humanity!
Yep, and sanity like what you just said gets downmodded more than upmodded. It's like there are only children here.
Fantasizing about killing billionaires is cringe because it almost never leads to anything practical. Actions speak louder than words
Close the "earn, loan, die" loophole to avoid taxes on unrealized gains. If you list an asset as collateral for a loan, then it is immediately taxable as if it were the same value.
Also, every year, we should redistribute 50% of the wealth of the richest person in the country. You get a ticker-tape parade, a nice statue, and the honor of knowing that you are helping millions of people without making any impact on your lavish lifestyle.
There are a lot more things we can do, but I feel like these would be two pretty easy starting places to curb the billionaire problem.
Oh, and we should also make it so that private equity and investors are paid LAST in a bankruptcy. Tired of good companies being bought ransacked, and folded so a billionaire can make a few mil from robbing employee pensions, shortchanging contractors and stiffing suppliers.
How about 95% on everything beyond 10 Million?
If the punishments of a universally applied system of law no longer apply to autocrats and oligarchs then neither should it's protections.
we can't say shit anymore on lemmy.world, it really is the alternative to reddit in every wrong way
Missed that scene of "Man from Earth"
Confiscate his wealth, and nationalize his companies. We paid for them, after all, they're ours. They can be operated at the benefit of the citizens.
It's about 200,000 years saving 10k per day now. He's rapidly approaching a trillion in net worth.
In case anyone wanted to know the number, it would be $820,260,000 $ 299,395,000,000 by 2026
Edit: read the fucking thing wrong, it’s every day not every year mb
Not countung any interest accrued on that money. Even a low interest rate would cause any small investment to skyrocket over long periods.
I don't believe they had banks in 80,000bc
Even if we gave it a little bit let’s say 1% interest, which is what people get in savings usually, with the monthly 10,000$/m put in for 82,026 years: if we did our napkin math right that’s about $2,94698e15 ($2,946,980,000,000,000) which is ~22.67 times more money in the entire world lol
I highly doubt the USA will copy 1789 France.
Thankfully we don’t need to as we don’t have a autocratic government
If you genuinely believe that you either don’t know what an autocratic government is or don’t understand the state of the American crisis.
Trump is the autocrat, and anyways revolutions have always happened even if its not an autocracy. Imagine all the countries that fought against colonialism
Okay I’m not talking about that. I’m talking about Trump’s power, and resultant classification.
How is it possible trump has full control of the entire government at his whim, if his power can be limited by the supreme court and the congress?
the congress and supreme court have been filled to the brim with trumpers, by trump
You gonna answer my question?
You did not account for an inflation. How much todays $ is $1 from 80000y ago?
$0 because the concept of currency did not yet exist.
Bout tree fiddy.
The returns on iron in that era would have been astronomical. But if you put all your money into a mastodon-powered ploughing business you could be belly up
Probably not as much as you'd think. The Gold Standard has not been repealed until 1971, which means inflation would only happen due to extraordinary events (like big wars). But the inflation since 1971 would still multiply your money eight-fold, which will put your saving of 82 millennia above Elon Musk's net worth.
You forgot that you could account for inflation yourself, IT'S TRUE
These memes and their funny numbers. Saving that long only gets you about 300 billion.
Musk has 3x that.
That was 2021 money. Since then he worked hard and made so much good, his net worth tripled. Just like any sane and fair system would have.
Saving that long only gets you about 300 billion.
Musk has 3x that.
Pretty sure I read that the bulk of that money is on coming his way only IF tesla hits a bunch of sales marks that it looks like they are never going to hit. But that fact has not stopped him from taking out billions in cheap loans on that estimated future valuation tho has it?
82,000 years ago: WTF is a dollar?
I think the point is to illustrate the scale of the insanity. Bezo's wealth increases $55k every minute. There's 525600 minutes in a year. Bezos makes every two minutes the same as the average US household makes in a whole year. Bezos extracts the equivalent of a quarter million people of labor every year. Jeff Bezos does not make the same work as a quarter million people. Yet it ends in his pockets.
Elon musk is less of a tax issue than a corrupt politicians handing out tons of money to one guy because he lied to them a few times and handed them money.
Dumbass should have invested.
Compound interest is your friend.
I was just wondering how tf that guy is still walking around in the most armed country on Earth. He must live in a bullet proof bubble.
I'm heavily armed because it's a hostile and unsafe environment.

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