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[-] nonentity@sh.itjust.works 9 points 2 months ago

The percentage of sociopaths involved with creating a society should never be greater than zero.

Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.

[-] Digit@lemmy.wtf 9 points 2 months ago

Yep.

Saw a vid about doing that recently. https://www.youtube.com/watch?v=YsDsDqIxgfg

And when I searched for that again just now, saw there are dozens of others too, about "borrow until you die" and similar. "Tax is for the poor" they say.

So much for progressive tax system.

The whole system (not just the tax system) is broken by design.

[-] Formfiller@lemmy.world 6 points 2 months ago

They also have bank accounts here and in the Cayman Islands

[-] DarrinBrunner@lemmy.world 5 points 2 months ago

They set up LLCs in Nevis, a tiny island nation that doesn't disclose who owns what business. The filthy rich use these mailbox businesses to buy real estate, and launder money. None of it can be traced back to them.

https://www.theguardian.com/news/2018/jul/12/nevis-how-the-worlds-most-secretive-offshore-haven-refuses-to-clean-up

[-] deHaga@feddit.uk 5 points 2 months ago* (last edited 2 months ago)

If all the assets are secured by loans, then they inherit fuck all. They don't magically not owe loans or not pay interest.

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[-] Etterra@discuss.online 4 points 2 months ago

They also inexplicably all have grand pianos.

[-] Cantaloupe@fedioasis.cc 4 points 2 months ago

The devs never patched the infinite money glitch.

[-] maplesaga@lemmy.world 3 points 2 months ago* (last edited 2 months ago)

Isnt this monetary policy rather than taxes?

If we didnt make borrowing so cheap then it wouldnt be cheaper to borrow to avoid taxes. QE has huge effects on making the rich richer, as wages are debased via the money printer.

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1108.pdf?sc_lang=en

Its the same with a minimum income, why have a minimum income if you're just going to deliberately actively erode it via inflation and growing the money supply 7-8% a year?

Its also the obvious cause of the housing crisis, which lets people profit off the cantillon effect utilizing cheap credit, which disadvantages the poor and the young who own less collateral. Those with the best access to credit profit, and those with the least are debased to feed the rich.

[-] hexabs@lemmy.world 3 points 2 months ago

Might be a silly question –
Why not get taxed by selling it once and for all instead of paying interest on the loan against it for years.

In the long run won't interest surpass the one time tax?

Also assuming they invest the surplus after the sale, it should be the cheaper option.

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this post was submitted on 16 Feb 2026
1469 points (99.3% liked)

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