US Politics on Sidechat | The problem is billionaires are tricky fuckers, they have loopholes and technically don’t have any actual “money” but they do have a lot of untaxed assets often in stocks. They just take out loans whenever they need cash and never pay back.

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US Politics 9w

The problem is billionaires are tricky fuckers, they have loopholes and technically don’t have any actual “money” but they do have a lot of untaxed assets often in stocks. They just take out loans whenever they need cash and never pay back.

US Politics 9w

Tax huge fortunes, break up monopolies, share ownership with workers, raise wages and services, limit wealthy political influence, and block any one person or company from gaining outsized control, ensuring power stays widely distributed.

Anonymous 9w

If a system lets a small group endlessly accumulate wealth that then generates even more wealth, while everyone else competes for whatever isn’t already captured, it’s almost guaranteed to produce oligarchs. Extreme concentration isn’t an accident. It’s the predictable outcome of letting compounding run unchecked at the top.

Anonymous 9w

They exploit loopholes because the system allows it. The fix is simple: tax large asset holdings, close the loan-against-stock loophole, enforce minimum wealth taxes, and tighten rules on trusts and shell companies. Pair that with breaking up monopolies and expanding worker ownership so fortunes can’t endlessly accumulate at the top.

Anonymous

#2 9w

All of this would work probably in theory but what first would need to happen is a perfect storm where the government actually listens to us and not to the people funding them.

Anonymous

OP 9w

Yeah…😕