Yeah no, fuck them too. Those people rarely produce anything of value, just stress and using workers as their personal trauma dump.
Who exactly? Middle management? They listen that complaints from top, but still they are just workers ;)
Not a woman to be seen lol
this is just sad. fuck these guys
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Its so fucking easy for em. Maybe we can trick people into liking each other.
Maybe we can abuse religious doctrine that teaches about loving a neighbor or something.
All we got from that is that since Obama won in 2012, the moment you call out the religious right, liberals and many leftists will go “um, ackchually, real christian are not like that”, all because some attributed his win to being a “good christian” (he didn’t divorce his wife, to then go on wanting to ban abortion, porn, etc.). Basically it turned into yet another wedge issue.
Four bucks per hour laughing at nineteen bucks an hour?
It says $4 million per hour. It’s from one of those places that uses dots instead of commas.
But I do like to imagine someone in a really low CoL area like the Philippines wearing a tuxedo and laughing about how wealthy they are making $4/hr.
There are only two countries that use a currency named dollar and the comma as the decimal separator: Ecuador and Suriname. Which of them seem likely to have originated this English-language meme with typical US hourly rates?
People in countries that use . instead of , still use $ without changing punctuation when referring to the dollar.
You know that various countries have their own currencies? Why would they refer to the dollar instead?
The book ‘Freakomomics’ deals, among many others, with the similarities between a corporate giant and a regular criminal organisation. In short, petty criminals risk death or prison for only two reasons: a) they feel they have no other choice and b) they are hoping, one day, to become part of the top members. That’s about it. Think about it for a while and the argument is easily transposed to the ‘’‘legal’‘’ corporate world, which also explains why middle managers tend to be obedient assholes who, instead of being mad at those exploiting them, exploit their underlings themselves.
“We don’t want to end the exploitation. We want to become the exploiters!” - Rom, DS9 “Bar Association”.
50/hr guy is not welcome in my home, not because of his class but because I don’t like bootlickers and that’s a bootlicker right there.
I hate to break it to you, but $50/hr is barely $100,000/yr. That’s barely above low income where I live. That is not even remotely your enemy.
Yeah, that your enemy, not the person who makes 40k/hour, and his dividens and net worth skyrockets.
Ideally we would get them on our side, as we need as many comrades as possible. How to do that, I don’t know. Lost case if they’re a liberal.
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.
Financial obesity? More like socioeconomic cancer.
It’s not just an excess of adipose tissue. It’s a malignant tumor, and it’s capable of metastasizing. It’s already in society’s lymph. We’re cooked.
Where I live, in Washington state, there isn’t an income tax however, finally they’re implementing one on people making over 1M/yr. There were people out protesting that definitely don’t make 1M/yr. It’s wild.
But where would the money come from to pay the tax from billionaires? They don’t have cash so they would need to get it from somewhere.
If they have billions of dollars, they’re not strapped for cash. They have a whole culture and industry designed around tax “optimization” where they buy private yachts, mansions, paintings, and other “real” assets under shell companies to write those purchases off as “business expenses” to reduce their tax liability. That’s why they “don’t have cash”. Because they deliberately avoid holding cash across fiscal years.
They also have sneaky ways of avoiding capital gains tax by reinvesting dividends in ways that defer taxation indefinitely.
That all needs to change, and the only way to change it is through tax policy.
The only way to defer capital gains taxes should be through certain retirement plans, which are generally used by the working class because billionaires don’t need 401Ks. And they still get taxed at the end of term when the money is withdrawn, and they can’t be withdrawn from early without a tax penalty.
All these exceptions for billionaires written into the fine lines of the tax code that you need to be able to afford a personal accountant and layers of shell companies in order to utilize needs to go away.
Billionaires have the money to pay taxes; we need to stop allowing them to pretend they don’t.
They don’t have a billion dollars. So where did the money come from to pay the tax?
I’ll tell you, it’s you. The consumer.
I bet you think China pays the tarrifs too
Your comments across this thread show you took Economics 101 and think you understand shit
So then, where does the money come from then?
Are you deranged? They have net worths in the hundreds of billions of dollars. They make billions more dollars each year. I just explained in detail how they game the tax system to avoid paying taxes on their gains. I’m not going to write it all out for you again just because you missed it the first time.
Yes, obviously their revenue comes from the consumers. In the same way your salary comes from your employer. Money changes hands, that’s the whole point. What difference does that make?
By the way, a significant portion of their revenue (with increasing emphasis lately) comes from business-to-business sales. Not the consumer.
And no, China doesn’t pay the US tariffs. The US importers do, and they pass the costs on to their consumers. What kind of idiotic strawman/red herring was that supposed to be? If I was a moron who thought China pays US tariffs, I wouldn’t be here saying “tax the rich,” would I? Stop deflecting from your plutocrat apologia.
Saying the billionaire don’t have a billion dollars, so where does the cash come from to pay the tax? This is a real question and it’s the reason no one has figured out how to tax them.
Like i said, the “wealth” elon has is backed from stocks at 350 p/e. That money isn’t real. U effectively want to tax something that isn’t real.
“the billionaire don’t have a billion dollars”
Oh yeah, I forgot “billionaire” is what we call someone who doesn’t have a billion dollars…
“No one has figured out how to tax them”
I just explained it in detail, which you continue to ignore. People have figured it out, it’s not that complicated. It just doesn’t get implemented because politicians are bought by corporate dark money lobby groups, and people like you do a lot of footwork obfuscating the situation on the internet by pretending billionaires are poor and penniless.
“the ‘wealth’ elon has is backed from stocks at 350 p/e. That money isn’t real”
Yes, their net worths are inflated (which gives them benefits on loans, which they use to further inflate their wealth). But that’s easy to fix. Either don’t let them declare worths that are higher than reality, or tax them at the net worths they declare.
Either way, that doesn’t change anything I said about how capital gains are taxed, or how they should be taxed.
Get a clue.
But your still didn’t explain where the money comes from.
We also call billionaires billionaires because they have a “net worth” of a billion, but having a billion dollars. Example is elon, is he went to the open market and said he is selling all his stock, he would probably get 100 billion. So good net worth would go from 700 billion to 100 billion because he went from a stock evaluation of 350 p/e to 30-35p/e. So that 600 billion disappeared because it isn’t real.
So we tax wealth that isn’t real, where did the money come from. It didn’t come from thin air, it comes from somewhere.
Why should you, I, or anyone care where they get the money from?
A simple answer would be they could sell some of the assets they have which contribute to their classification as a billionaire. If they don’t have the collateral to pay the tax, they’d be able to prove it by no longer being classified as a billionaire, in which case the goal would be achieved with another billionaire being euthanised.
Also, is you get rid of a billionaire, how does that help the people? I’m give you an example. We take all of elon musks assets and socks. Go to the open market to sell them. No one buys them because they don’t want the stocks taken from them, so the people buy them. The sticks are now worth 1/100 of the original value because elons companies are high P/E stocks. So know you turned a “trillion” into 100 billion that the people paid for. You then use that 100 billion to pay for services. It’s gone in 8 months.
Next year you are have no service, no money, and possibly down companies that failed.
I don’t see the point.
Eliminating billionaires will neutralise their ability to manipulate society at the level they currently do.
Money doesn’t originate from the private sector, if it did it would be fraud. The funding of services, in an economy with sovereignty of its currency, originates from legislation through the budgets passed by the relevant agents.
Permitting any entity to grow more powerful than the entity responsible for regulating it is carcinogenic, if not suicidal.
And you think that kind of system would work? And who is buying the assets?
Why are you defending the tolerance of sociopaths?
If they can’t find a buyer for their assets, they’d could give them away or destroy them. It’s irrelevant how they diminish their hoard, the point is that they cease their possession of it.
But the problem is the “horde” isn’t real in some cases. Like with elon, his wealth is tied to 350 p/e stocks. Overnight his wealth would drop 700 billion of he was removed from ceo or investors priced the stock at 35 p/e.
It’s fairy dust.
We just need to extend graduated tax brackets all the way up. Currently the highest tax brackets end somewhere at like six figures, and anything above that is taxed the same.
Even 90% taxes on a billion dollars still leaves you with a hundred million in spending money. There’s no way someone needs more than that. In one year? That amount alone could be put in a CD with a 3% APY and you’d make $3,000,000 in interest in one year. There’s no way someone needs even a net-worth higher than $100,000,000, but no one can complain about “only” making that much after taxes in a year.
Especially when you consider that tax rates only apply to the income above the amount specified in the bracket. That 90% would apply to your second billion made in a year. Everything below the first billion gets taxed at the same rates as everyone else in a given bracket, i.e. your first $100,000 in a year gets taxed the same as anyone else’s first $100,000…
Billionaires have no room to complain.
Oh, and those graduated tax brackets should apply the same between capital gains and regular income. Currently, the highest capital gains tax rate in the US is about 20%… comparable to someone making about $45,000 a year in regular income…
That means the highest tax rate someone making money primarily from investments would pay is the same as someone who would be considered at or below the poverty line in most states… And the billionaires are only paying that rate on their “taxable” interest, meaning it ignores all the money they launder through shell companies and writing off large purchases as business expenses…
Poor people can’t write off rent, food, and utilities on their taxes… so why can billionaires write off mansions, yachts, and paintings…?
Every time someone blames left vs right, Dems vs GOP, this is what I think of. It is really the consolidation of income and wealth with the very few at the top that is the problem.
Fascist use whatever ideology gets them more power. Racism today and Gay Rights tomorrow.
If you can’t see beyond the propaganda you will never understand what is happening.
no thats pragmatism, fascists believe on hierarchy of power and nothing more, everything else is pretext to get whatever they want done, much like you had suggested in the latter half of your comment.
No that is conservative, but I see where you are going.
I had a boss years ago who owned a temporary agency, and I had the pleasure of watching him berate his two receptionists – who made $7 an hour and who had absolutely nothing whatsoever to do with the success of the business – because his monthly income from the business had dropped from $40,000 to $25,000. Meanwhile he spent his entire day playing solitaire and listening to the Rush Limbaugh show.
The CEO of my company makes almost $40,000 a day and all he has to do is play kissyface with congressmen.
The mouse at by shared office computer still has a fucking ball in it.
Can we get a picture of the mouse?
If Elon Musk finds a $100 bill in the street, it isn’t worth his time to pick it up
Idk, I think he’d pick it up because it’s liquid wealth. The majority of his wealth is tied to the speculative market. I’m uncertain how much he could even make cashing his winnings out of the Stockmarket. Assuming he withdrew all assets and liquidated them. I’m sure it would be a ridiculous amount still.
If you have $100,000, then $1 is worth about as much to you (relative to your net worth) as $1,000,000 is to someone with $100,000,000,000…
Let that sink in, and then ask yourself why billionaires don’t pay more taxes…
Meanwhile, if your yearly salary is less than $315,360 it is worth your time to pick up a penny.
math
Assume picking up a penny takes one second. There are 31536000 seconds in a year (roughly, let’s not get into leap seconds). Multiply that by $.01, the value of a penny. Then you get the salary such that across the year you’re making a penny every second. A caveat to this is that even if you’re making more than this you need to debate what “worth your time” means because it’s still a penny you wouldn’t have either way, but I think this is enough to illustrate the wealth gap.
Small edit: To add to that last point, what I mean is that it’s not like you stop earning your yearly salary while you’re picking up a penny.
Picking up a penny takes way longer than one second! At least 5, if it includes stopping, and even longer if you check it out and put it in your wallet!
😁
I’d have to include another 30 seconds to unlock my phone and search something like “is 1956 penny worth anything”, then another 20 seconds for disappointed reflecting.
You just need to remember the silver cutoff dates on silver coins. Pennies are only worthwhile if they aren’t a Lincoln penny. Even the commemorative pennies with the centennial backs of Lincoln are like a dollar mint for the whole set. Wheat pennies and stuff like that should be obvious just looking at the penny.
There are specific valuable pennies that are worth more than their copper value, like steel pennies from 1943, copper wheat error penny (also 1943), double die (I think from the 50s?), Indian head (pre-1909) etc.
There’s obviously a huge incentive to know whether your currency is above face value, so I feel like 99.9% of notable coinage has already been removed.
When your boomer/greatest gen relatives graduate from this planet, it’s always a good idea to look between the cushions of that mid-century sofa they couldn’t part with, and everywhere else that can hold such treasures. Sweet old Meemaw and Peepaw may have left the musty davenport in the will, but overlooked the actually good stuff!
Unless picking up the bill stops someone from earning for some reason, most people should earn their hourly wage plus $100
Is this part not showing for you or did you just miss it?
Small edit: To add to that last point, what I mean is that it’s not like you stop earning your yearly salary while you’re picking up a penny.
That’s what I meant as well - we are saying the same thing. I think I misread your comment as that being the threshold to make it worth it. Don’t mind me, my brain is mush after work lol
Although a dog may have peed on it, so wash your hands!
source: owner of a dog that proudly pees on any foreign item on the street.
If you’re making less than $300k, can you really complain about your money covered in dog piss? /s hopefully obviously lol
I mean to be fair, you wouldn’t be getting paid $315,360 for a years worth of work, you’d be getting paid $315,360 for 7.488 million seconds in a year (ish, 40 hour weeks, no missed days)
So really to have picking up a penny in one second be “worth” your time, you’d only have to be making $74,880 a year or less
Man, I’m not gonna math that out myself; but that sounds more realistic and I choose to believe you
Yeah bro I was thinking like I don’t make 300k a year and I still don’t pick up pennies…
It’s always worth it when you’re on the clock.
How does this work when the capitalists working hours are zero? You cant divide by 0?
It doesn’t imply that he works for it, only that “he” makes that per hour.
If you’re rich enough, you can pay people to try for you. Which, over relatively short time lines, is kinda like being able to.
lemmy.dbzer0.com solves the capitalist problem at least.
That’s the secret, their wealth is a permanent division by zero. At a certain point, it’s all made up
The problem I see is that rich old man has a lot of cash, and governments compete globally for that mans investment dollars. If you tax him theres some euclidean point where it no longer makes sense to invest.
If you’re talking about taxing a person making 1 million dollars 75% and taking away 750k is that really fair? If you’re some kind of genius programmer or CEO who went to Harvard would you stay for 25%?
We need to remove the tax loophole that people like Elon Musk use, where they borrow money to avoid paying taxes.
There is absolutely no one hard working or intelligent enough to be worth 4M$/hr.
Doesn’t matter how many Harvard-level degrees you have.
The only possible argument for someone earning that much money is if “they took a huge risk by investing a lot of money in a hugely risky business opportunity”.
And in that case, such risk should not exist. If a government wants to truly encourage entrepreneurship, it should provide with the basic needs for everyone, even if they lose everything in a risky business that didn’t pay off. At the expense of course of taxing it when it does pay off.
Otherwise, only the rich can be entrepreneurs.
I guess the reality is you’re clawing away peoples ability to become that rich old man while leaving him unaffected.
If you tax him theres some euclidean point where it no longer makes sense to invest.
Yes, that is exactly the point! That one rich person can not invest any more to screw everyone! There can still be governments, non-profits and cooperatives to invest. Only they have to invest with a multitude of people in mind.
If you’re some kind of genius programmer or CEO who went to Harvard would you stay for 25%?
Yes that is totaly fair. No one can be so much of a genius to justify earning so much more. Also, what kind of asshole genius doesn’t want to contribute to a better society?
Here in Canada our central bank is warning about a lack of productivity investment, as the US is sucking investment away. They say its lowering standards of living, something about real wealth is per capita worker productivity.
