alphacyberranger to World NewsEnglish • 1 month agoWorld's richest 1% gained $40 tn in a decade: Oxfamwww.france24.comexternal-linkmessage-square96fedilinkarrow-up1771arrow-down19
arrow-up1762arrow-down1external-linkWorld's richest 1% gained $40 tn in a decade: Oxfamwww.france24.comalphacyberranger to World NewsEnglish • 1 month agomessage-square96fedilink
minus-square@blazeralinkEnglish48•1 month agoIts a built in feedback loop. Under capitalism, resources are distributed based on capital. But capital is a resource. So its naturally going to concentrate. We need hard caps on wealth
minus-square@[email protected]linkfedilinkEnglish3•1 month agoNot sure how you achieve that in a world with multiple nations though. Capital is naturally pretty mobile.
minus-square@[email protected]linkfedilinkEnglish22•1 month agoG20 is currently holding negotiations to start imposing a minimum tax on billionaires, guess which country is against that…
minus-square@TexasDrunklinkEnglish7•1 month agoVatican City? Please, please be Vatican City. (I know it isn’t)
minus-square@[email protected]linkfedilinkEnglish2•1 month ago Capital is naturally pretty mobile. Ban export of capital.
minus-square@blazeralinkEnglish1•1 month agoHow do you see it play out if we say, in the US, any wealth over the cap gets taxed away.
minus-square@[email protected]linkfedilinkEnglish2•1 month agoIt will only cause more capital to go to tax havens.
Its a built in feedback loop. Under capitalism, resources are distributed based on capital. But capital is a resource. So its naturally going to concentrate.
We need hard caps on wealth
Not sure how you achieve that in a world with multiple nations though. Capital is naturally pretty mobile.
G20 is currently holding negotiations to start imposing a minimum tax on billionaires, guess which country is against that…
Vatican City? Please, please be Vatican City.
(I know it isn’t)
Ban export of capital.
How do you see it play out if we say, in the US, any wealth over the cap gets taxed away.
It will only cause more capital to go to tax havens.
Still count it towards their wealth