More than 250 billionaires and millionaires on Wednesday reiterated their call on elected representatives of the world’s leading economies to introduce higher taxes on the very richest in society.
In an open letter to political leaders gathered at the annual World Economic Forum in Davos, Switzerland, the rich signatories said they wished to deliver a clear message: “Tax our extreme wealth.”
“We are surprised that you have failed to answer a simple question that we have been asking for three years: when will you tax extreme wealth?” the letter said.
“Our request is simple: we ask you to tax us, the very richest in society. This will not fundamentally alter our standard of living, nor deprive our children, nor harm our nations’ economic growth. But it will turn extreme and unproductive private wealth into an investment for our common democratic future.”
I made a list of all the things preventing billionaires from building community projects (such as sports facilities, primary healthcare clinics, funding teachers, child care centres) to benefit working people :
They don’t even have to do the work.
They can donate to progressives in primaries to offset the donations from other billionaires…
It’s just they know they get the same PR for just saying this, so it’s all they do.
All those impediments it’s easy to understand why they don’t. I mean that list is just so…BIG.
But those pesky politicians keep giving me tax breaks on my wealth. What am I to do?
Maybe they should stop bribing elected officials to lower taxes on them then?
Talk about crocodile tears, ffs.
They’re just covering their asses when the masses have started to develop taste for the rich.
How about we create a system that makes it impossible to be a billionaire, and makes it impossible to horde generational wealth?
These people are literally trying to save their asses from the masses - they dont want to give up anything.
Oh also we need massive death taxes to reset this horrible system.
massive death taxes
That’s one very good way to ensure one of our most popular governmental programs, Social Security, remains quite solvent.
Wild-ass idea here. If these wealthy individuals want to be separated from their extreme wealth so badly, why don’t they reduce their executive compensation and distribute the difference among their employees? You know, the people who do the work that earns them the extreme wealth in the first place.
Fucking hypocrites. “Our request is simple: we ask you to tax us, the very richest in society" and then they let loose their army of lobbysts and lawyers to stop governments from even trying to tax them.
Well, yeah. Plausible deniability, my good Demonsword.
I mean, there’s a LOT of billionaires at this point. Are the ones saying this at Davos all (or largely) ones that are doing that lobbying?
there’s a LOT of billionaires at this point
you can’t even fill a small stadium if you gathered all of the world’s billionaires, its only a few thousand… 2-3k last time I’ve seen that statistic
Ok, then, this would be 10% writing this letter, and my question wasn’t answered.
They could also commit to giving 10% of their personal income or 2.5% of the value of their ne worth (whichever is greater) to the most effective charities now, while they’re waiting for the taxes to come.
Chris Anderson (of TED) has suggested this and had the math run, and worked out if every ultra wealthy person on record in the world did this it would generate enough money solve basically all pressing concerns to do with poverty and climate many times over (so we don’t even need all of them).
It’s never going to happen though, because Chris hasn’t accounted for the fact that most people who acquire wealth to this degree are some degree of sociopathic or at the very least believe somehow they’re entitled to be as wealthy as they are. So we need government regulation. Problem is we need it everywhere all at once, or these people just move their wealth around which can still severely damage the economy. But some countries, especially smaller ones, need to be brave. Europe taxes their wealthy reasonably well, and it’s clear it makes living in those nations better. More need to lead by example.
And yet, I was reading a similar thread yesterday, where most of the replies were critical and distrusting about one of the richest people giving most of his wealth to charity.
Just like they are not all the same and some will never be satisfied, the same is true of Lemmy
Them: “Gee things are getting bad… The last time the poor were this bad off heads started rolling… How did we avoid that? Ohh yeah! Concessions! What if we SAY we want to give them concessions, and then tell the government not to? That should work!”
-The wealthy leeches, enemies of humanity
When the heads started rolling generally there was mass starvation. “Unfortunately” most of us are still too comfortable and unmotivated to force change that way. At least in the countries where most of these people are.
Put your money where your mouth is and then I will believe it - bribe/threaten to withhold funds from a politician and just get it done.
Putin does that by funding things like the NRA and Faux News.
It’s highly effective.
If they’re that rich, they can easily fund a means of dispersing their wealth back to the system they’ve extracted it from
I mean, i can totally see the southern-accented rich lady on her fainting couch fanning herself with a spread of hundred dollar bills, “oh i do declare! If only the leadership could concoct a means for which i may reallocate much of these funds that have been slung over my shoulders for ever so long! I tell ya, a girl could just fall over with all this wealth on her back!”
Definetely not just for the papers.
They willingly want to get less rich. Thats why you know… got rich in the first place.
