you’re high on mushrooms in the Viking age, the gods are everywhere

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Cake day: February 19th, 2024

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  • You seem to be under the assumptions that hoarding vast wealth to the point of extreme inequality is benign and not damaging to society & individuals living in that type of civilization, and that limiting extreme wealth inequality for billionaires means they’re coming for everyone next with no limits. These are some of the main ingredients in cooking an oligarchy soup.


  • whotookkarl@lemmy.worldtoMicroblog Memes@lemmy.worldLets test the theory
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    26 days ago

    It’s also not one or two billion, it’s multiple hundreds of billion owned by one person. I don’t think you can overstress the difference in scale between millions, hundred millions, billions, and hundred billions.

    There used to be taxes assessed by total asset valuation that focused more on wealthy individuals because they don’t earn as much from income it’s mostly assets increasing in value like property or ownership shares, that was stopped when they introduced the income tax that mostly targets low and middle class people who almost exclusively earn by income.

    Loopholes like offshore accounts used to dodge income taxes by higher earners should be illegal, but the whole system is backwards forcing the least prosperous to shoulder the largest tax burden instead of the wealthiest who benefit from society the most.