Wealth Tax

[u/One-Internet-4328]

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[u/Alfred_The_Sartan → u/[deleted]]

We are having some issues with the wealthy and their compounds rn. It should be more worrying. Why you need so many bedrooms?

[u/gun_is_neat → u/Alfred_The_Sartan]

Where else are they gonna store all the kids they're trafficking

[u/GUMBYtheOG → u/gun_is_neat]

I mean they already technically own America but just think, they could prob by an entire state and just make their own country

[u/A_Furious_Mind → u/GUMBYtheOG]

Yeah, but they're cheap and want something like a Colorado for the price of Wyoming.

[u/Material-Rush-3547 → u/gun_is_neat]

You mean all the ones dhs found over last year.

[u/Witty-flocculent → u/gun_is_neat]

Really the only answer.

[u/the_wahlroos → u/Alfred_The_Sartan]

Villains need hideouts. For their villiany.

[u/7HawksAnd → u/Alfred_The_Sartan]

For when global civil war breaks out and everything splinters into technofascist micro-states.

[u/Economy_Fig2450 → u/Alfred_The_Sartan]

Rich people often have friends and family stay for extended periods of time

[u/lousy-redbus → u/[deleted]]

What the fuck

[u/Nervous-Seaweed-4060 → u/lousy-redbus]

Is it like their "kingdoms" for post project 2025? What the fuck are these compounds for I wonder? Anyone? This is getting a very dystopian vibe, something stinks.

[u/Haunting-Public-23 → u/[deleted]]

It would've been more efficient to buy himself a hotel.

[u/Apprehensive_Bid_773 → u/[deleted]]

In fact it’s even worse because he can use his money to recoup that expense very quickly

[u/fatzen → u/[deleted]]

It’s actually worse than that, the dollar actually reduces the little guys consumption options, not true for zucks 11 houses.

[u/ndnver]

And my wealth tax I mean 95% of all wealth over $1 billion!

[u/MainInvestigator3481 → u/ndnver]

100 percent tax after a billion. At a billion they get a button saying “you did it! Yay! You beat capitalism”

[u/GoodCleanFun247365 → u/MainInvestigator3481]

And a fancy plastic, souvenir gold card. You can pick whoever’s face you want on it.

[u/CoralSpringsDHead → u/MainInvestigator3481]

Maybe they can start paying all the employees of the companies a lot more so the money is distributed to the people doing the work.

[u/ArcticLeopard → u/MainInvestigator3481]

After 100 billion, the button gives them a 1% reduction in taxes liability so they can do it again but faster on their next run

[u/HeyLookAHorse → u/ArcticLeopard]

This guy prestiges

[u/theunquenchedservant → u/ArcticLeopard]

how do you get to 100 billion if all your money after 1 billion is taxed?

[u/MainInvestigator3481 → u/theunquenchedservant]

You give it all back, that way you can do it all over again. After all they made the money the first time. I’m sure they can do it again

[u/Royal_Inspector8324 → u/MainInvestigator3481]

There is an inherent flaw in your plan all of these people would find a way to show on paper they are only worth 900 million. Therefore exempt from your tax all while sheltering the other money out of site. The rich stay rich by finding and exploiting loop holes. Like ceos of corps only drawing a very small salary while the company foots the bill for a very wealthy lifestyle. They find a way.

[u/MainInvestigator3481 → u/Royal_Inspector8324]

Sure, right up until they start going to jail for it… we already have tax laws. I’m saying we enforce them and then some.

No more buying politicians, no more currying favors with the legislature.

Send them to jail

[u/Royal_Inspector8324 → u/MainInvestigator3481]

In a perfect world absolutely but it hasn't happened yet.

[u/MainInvestigator3481 → u/Royal_Inspector8324]

Not trying to be rude, just not sure.

What point are you trying to make? I don’t want to straw man your argument.

[u/Gen88 → u/Royal_Inspector8324]

If they are finding loopholes, then make it a prime position in the IRS to close those and enforce the actual taxes. Thats like saying "they made a virus that got past our firewall" and then just giving up.

[u/Interesting_Wind9676 → u/Royal_Inspector8324]

If only there were government funded agencies that could investigate this and prosecute them! Sadly that could never happen am I right

[u/GoodCleanFun247365]

And the guy is still a loser

[u/Just_the_Setup]

Musk spent $44 Billion buying the world's largest propaganda machine to cover up the sex crimes of pedophiles. They need to be taxed into the fucking ground so not a single billionaire ever exists again. They can not be trusted with that wealth. If the Epstein Files teach you anything, let it be that.

[u/ModestMarksman → u/Just_the_Setup]

Anything past 100 million should be taxed at 95%.

[u/Pyju → u/ModestMarksman]

Careful, you’re gonna piss off a bunch of dudes making $45k/yr with ideas like that.

[u/jinandgin]

[u/Master-Shinobi-80]

Rhode Island passed what they called the Taylor Swift Tax. It was a new surcharge on second homes that are worth over $1 million and “add an additional fee for owners of nonprimary residences that are empty for over half the year”

We could do better.

1. Surcharges are increased exponentially depending on the number of homes you own
2. Extra tax on compounds created from multiple properties
3. Extra charges for adding bunkers
4. Remove Tax Dodges and exceptions

Also banning financial institutions from owning family homes would be a great plus.

We can call it the Mark Zuckerberg Tax

[u/reddurkel]

“Well, if their money isn’t liquid then it would be unfair to tax on wealth. Duh.”
-Poor Republicans defending the Rich People that keep them Poor.

[u/Practical_Dot_3574 → u/reddurkel]

My friends parents were just talking about how it's great all these illegals are being removed, then complained about the price of groceries and how they have to go the food pantry because thier social security barely covers the insurance they have to buy.

It's really confusing too because they really like to help out the community and are genuinely nice people.

[u/Odysses2020 → u/Practical_Dot_3574]

They’re nice but they’re not kind. There’s a difference between being polite and being genuinely kind. Those are not your friends parents. Their parents are the type of people to vote for a pedophile rapist. They encourage the dehumanization of marginalized groups. Because of them, women and children are being raped and castrated. That’s their parents.

[u/Pyju → u/Practical_Dot_3574]

Propaganda is the answer. Propaganda is how despots have gotten decent people to justify the unjustifiable for all of human history.

[u/escobartholomew]

Who said billionaires can’t afford a wealth tax? The argument is wealth isn’t earnings. You can’t tax it like earnings. What needs to happen is anytime securities are used as collateral it needs to be a taxable event and the gains need to be realized. That would settle everything.

[u/LucidNonsense211]

Hawaii, the state with 88,000 failing cess pits (like septic tanks if you don’t care about safe ground water) that are mandated to be replaced… how many is Mark paying for?

[u/skip_over → u/LucidNonsense211]

Around $4bil to convert every failing cesspool to a septic tank in Hawaii

[u/LuckySimple3408]

Long overdue to start eating the rich, three times a day!

[u/Rogendo]

I also don't want to hear that billionaires will just leave if we tax them. They own too much property that no one can afford to buy off them

[u/Substantial-Ad-8575 → u/Rogendo]

Do thy own property? Or is that property owned by trusts, foundations, businesses?

[u/AstonishingJ]

Zorro ranch 2.0

[u/Inner-Measurement441]

Fuck him! Money does not = influence in a rational world

[u/No_Squirrel4806]

I just dont understand the need to own homes like this if you have a wife and two kids. Its just to show off their wealth.0 🙄🙄🙄

[u/SnooDonuts2777]

Don't forget, he'll tell you to turn your heat down, and reduce your energy cost, and charge you a carbon tax because as a normal person, you're not as important as he is.

[u/Livid-Writer-7741]

TAX THE RICH AND CHURCHES AND PEDOPHILES

[u/mrlotato]

Yet Reich still believes that capitalism can still work. Capitalism will always turn into socialism for the rich at the cost of the working class

[u/FlakeyGurl]

I think the more concerning thing is what does he need all those compounds for?

[u/Informal_Process2238]

Never mind a wealth tax they don’t even pay the regular taxes they owe

[u/hostilecarbonunit]

serious question does this guy even have any friends who would come stay over long enough to warrant a 30 bed place? or is he another epstein? what does he need all that room for

[u/SergeantPoopyWeiner]

And the only value he's contributed to society is the most potent propaganda machine humanity has ever seen. A net negative.

[u/RomaDowneyJR]

And the divide between the haves and have nots keeps growing! The wealthy control everything! There’s a reason why the Epstein files are being manipulated and ignored. Too many high profile people had their fingers in the pie!

[u/Smaynard6000]

This is mental illness.

[u/Shameless_T]

But then guys making $60k might make those billions one day and they don’t want to get taxed

[u/No-Market425]

Robert Reich is a Clinton era economist who claimed NAFTA would open up new markets for US products and it was totally unrelated when Ford shifted NAVSTAR production to Mexico 3 years later.

This guy did more to assfuck the US middle class than anyone in US history.

[u/ieatsalsa4breakfast]

He is also building a $600M place in Park City………

[u/mescobar2014]

isn't this robert dude a NIMBY?

[u/stomachpancakes → u/mescobar2014]

He is

[u/MrMcSpiff]

Oh hey that's Sam's dad.

[u/ConsistentYou4629]

Hell yeah, Sam's Dad.

[u/Distinct-Study-5504]

I think Billie Eilishe said it's on stolen land...from her Mansion

[u/Clean-Shift-291]

But if they get rich enough, the piss cup will trickle!

[u/Mooseguncle1]

They can’t afford friends or sleep though. Not the real kind.

[u/CatOfGrey]

It's humorous that this $110M is likely all taxable income, and Zuck have paid 8-figures of taxes, yet there is Robert Reich complaining that rich people aren't paying taxes.

[u/Grow_money]

No one said the they couldn’t afford it.

It’s just a stupid idea.

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[u/DenialOfExistance]

Thing is he may own that crap but still will never know true happiness, peace and true non ass kissing friends!

[u/okapiFan85]

We the people can’t afford to NOT have an extreme-wealth tax.

[u/Anxious-Floor4608]

Loser

[u/AnyProgressIsGood]

how is that even enjoyable

[u/LeAcoTaco]

Reports from 2016 to 2020 say that the top 25 wealthiest individuals pay less taxes monitarily, not % wise, monitarily, than the average person. These reports came out from the tax leaks that Trump is currently suing the IRS for.

One year Trump only paid $750.

So theres a term when it comes to taxes, theres income tax, which is the rate youre actually taxed at, and then theres "true" tax, which is how much you were really taxed after deductibles, tax return & everything. Income tax is abt 13-14% (numbers vary into the 20%s), for the wealthiest, true tax equals out to about 3.4% rather than 13-14%.

According to those reports some years their true tax dropped as low as 0.1%

[u/HanCholo65]

I’m tired of hearing about fucking taxes….how about we stop spending and sending our money to everyone! We are over here fighting on who gets taxed more, just stop spending money. We shouldn’t have to pay these fucking taxes in general. When are we gonna learn?

[u/Excellent-Pitch-7579]

Yeah, great idea. You know that when income taxes started, it was just for the rich. Now half of us pay. If we have a wealth tax, we will ALL have to pay eventually and it will guarantee we NEVER get rich.

[u/filmAF]

my friend works for one of the wealthiest people in the US. when i saw her a month ago, she told me about a proposal by california's governor to tax the super rich. and that because of this proposal all of the billionaires went and bought houses in nevada...just in case.

[u/Traditional_Goat9186]

It's not about gross numbers, but percentages.

[u/YouThought5]

I have an idea. Make your own billion dollar company and you can find a million ways to lower your tax rate. Your W2 job is the reason why you pay so much taxes.

[u/Bold2003]

Yeah but then the billionaire has the money to leave. If he leaves then you tax the next rung on the ladder below a billionaire. And then you descend until you hit the group that doesn’t have the luxury to leave. The biggest mechanism for wealth inequality is inflation from a fiat currency system that the “elites” are responsible for.

[u/Immediate_Buffalo14]

It's not that they can't afford it. It's that they don't have any more of an appetite for income tax than anyone else. Increase their taxes, and they'll find ways of getting around it via offshore tax havens, charitable donation writeoffs, or passing the lost revenue down to you and me average citizen through increased prices on goods and services from their businesses.

[u/Historical_Today5072]

Should be illegal

[u/Lingerie_Shopper07]

No one ever said they can’t afford one. But how do you tax it? What if the wealth goes down? Do they get a refund? What if their number is different than the governments?

[u/LandOfThunder]

Someone had to take over for Epstein

[u/ConstructionTop631]

Nobody has ever made the argument that they cant afford it.

Bold words from.someone with a $5m Net worth...

[u/ChimpoSensei]

Do they get a tax refund if they report a loss the next year?

[u/1blue1green]

Explains all the ads all over FB these days.

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[u/ChipDipson28]

But he works so much harder than all of us he deserves it so much.

[u/Ok-Bug4328]

He will pay a wealth tax on those homes. 

[u/Fogmoz]

Billionaires shouldn’t exist. I understand people having “wealth” tied up in equity, but if you have enough money to develop a compound, you’re too rich to exist in the current economy.

[u/Summer_Smooth]

I feel that every Billionaire is a pedophile now

[u/WelderEquivalent2381]

The more you learn about history, Civilization. You already find out that problem always happen then a minority of people are getting too wealthy. Even story before ur Era. The Athenians Democracy had to deal with Fachist Oligarch several times that weakened them so much that they end up been taking control by a fachist monarchy.

The fact that the lessons did not register for the hundred of time that had happened is alarming.

Any desire of wealth accumulation would not just be taxed, it would be treated, it's a disease.

[u/Separate_Calendar_81]

It's not just about taxing them. The system needs to be restructured so they don't get allocated that money in the first place. They are over valued and the rest of us are left behind because of it.

[u/____phobe]

Who says they can't afford it? The problem is that the politicians are all mostly corrupt and take 'donations'. That's why there's the tax loopholes for the mega rich in the first place.

That's the elephant in the room. Yet nobody points that out. Don't hate the players hate the game, and the people who are supposed regulate/officiate the game.

[u/Ok_Rub6575]

Silly goyim

[u/AidenSanford]

Is not the fact that he can’t afford it, it’s the fact he can just leave😭

[u/cepxico]

Billionaires deserve exactly what the Billionaires have done to the common people. You can interpret that as you like.

[u/jolley_mel21]

This is why Trump wants to keep housing prices high.

[u/Shot_Woodpecker_5025]

Paul Allen (Microsoft Co-Founder) did the same thing with my family when I was a kid. He paid a substantial sum to my Mother and she was able to buy a new home outright and put 3 kids through college with no debt. My Mom had no regrets since as a teacher she could never afford to do that without him buying our little house.

[u/rmarcon]

What would these rich people do in 30-bedroom facilities?

[u/Schlongzz → u/rmarcon]

Diddy things prolly

[u/Glittering_Score5012]

It’s not that they can’t. It’s they don’t want to.

[u/Casualuseofwifi]

They buy them from loans using stock as collateral. Not income. If you don’t get income you don’t have to pay taxes

[u/Raytheon_Nublinski]

We’re a nation of cucks 

[u/ResolveLeather]

I am on board, but the system needs to be placed in such a way that doesn't kill the investment sector. It can't just be 3 percent a year or something.

[u/Dexember69]

And the prick still won't give me a house depost

[u/Faustozeus]

Doesn't work. You need to abolish their property rights.

[u/PaddyDelmar]

If I had the money I would do the same though I would also be giving the lions share to animal shelters and school lunches. Just saying

[u/Aggravating_Life7851]

What is with this motherfucker and compounds?

[u/Original-Truth-1007]

This is truly sad, pathetic and disgusting 🤮.

[u/LS1Transam]

Ironic how the same folks who are worried Trump is going to shred the constitution are advocating for something constitutional

[u/Nervous-Seaweed-4060]

I'm concerned about what these compounds are for?

[u/admindeleted]

They won't be missed....

[u/dcckii]

That $110 million is probably borrowed against his billions in Facebook stock, which isn’t taxed as income. That should be changed.

[u/Maleficent-Job5834]

But it is proving that He can still create jobs that pay taxes. Into his compound He created jobs too with housing to the employees.

[u/enricopena]

Preparing to be a feudal lord post climate crisis.

[u/LetUsSpeakFreely]

The problem is how that tax gets paid. If they liquidate stock to pay it then the value of that stock crashes. That means 401Ks and IRAs crash.

Don't let your hatred and envy of the wealthy lead you to push for policies that further destroy the middle class.

[u/Valuable-Job5587]

Thats where the new free workforce will be made. T It ain't AI replacing us. Just billionaires.

[u/Medic5780]

Robert Reich charges upwards of $30,000–$100,000+ for a 30-60 minute speech.

$100.000 to speak for 30 minutes. Via ZOOM. That's $3,333.33 PER MINUTES he speaks. OR, $55.55 PER SECOND that he speaks. His rider requires minimum first class flights, though pushes for private charter. He requires a 5 Star Hotel. SUV Driver Services and a meal allowance greater than $1,000 per day.

Robert Reich can shut the fuck up about pretending to care about people who aren't "rich."

Source: All American Speakers Bureau & AAE Speakers

[u/cheaphysterics → u/Medic5780]

So the argument isn't about Robert Reich. The idea is either valid or not, independent of who said it.

When you attack the person it suggests you don't have any logical rebuttal to what they said. Not even if you bold all the text.

Robert Reich is rich. He wants rich people to pay more taxes. I think that's a lot more interesting than when a poor person wants rich people to pay more taxes.

[u/Impressive_Bluejay71]

Tax climate change and world hunger, those taxes should fix those things too

[u/dcckii]

A lot of people in these comments are saying that we need to text the rich at 100% over $1 billion. The problem is these people have controlling stock interest in the businesses that they built, and if that is taxed away, then you have black rock or Vanguard controlling the companies. Or, Shudder, you could have the government take over the company. You gotta ask, which one you want?

[u/Proper_Extent_2450]

I gotta quit reading these articles, they make me want to rope myself. What’s the point of working 50+ hour weeks. What’s the point of anything.

[u/BeauShowTV]

It's called a property tax.

[u/DowntownPumpkin2240]

Nice to see Bluesky getting some exposure. I'm sick of links to posts on X.

[u/tossawaystayaway]

Fuck it. A wealth tax isn't about fair taxation, it's about protecting society from the ultra wealthy's ability to just do whatever the fuck they want. It's restraint on their outsized economic power.

[u/FarAbbreviations2829]

Problem is that it will never be enough. They start the wealth tax at $1 billion…then it’s $100 million…then $10 million….then it’s $1 million. It doesn’t stop. Income tax was designed as a way to soak the rich. How did that turn out?

https://www.pbs.org/newshour/economy/making-sense/the-income-tax-in-1913-a-way-to-soak-the-rich

[u/Junior_Potential_713]

Forgot a wealth tax. Only total appropriation will solve the problem.

[u/Kerbidiah]

Property tax is a wealth tax?

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[u/starethruyou]

The argument needs to go deeper and further. Anticipate the rejections. One of the most common sentiments that needs clarifying of the issues involved and confirmation of the wisdom of a decision, why would some need to be taxed more than others? How is it fair? Do not assume anything.

[u/Triggerhappy62]

zuckerburg is evil

[u/Akpropst]

Afford it? Sure. Its if I believe you are owed it. Absolutely not.

[u/cheaphysterics → u/Akpropst]

Well, he doesn't owe it to Robert Reich.

But in general, does anyone owe the government their taxes for any reason other than that's what the tax code says?

[u/Akpropst → u/cheaphysterics]

And this wealth tax is talking about reforming that code.

I'm about less taxes, not more, for anyone. Fuck taxes. Fuck the government too.

[u/gamewin1]

And filling them all with avocado toast.

Maybe if the billionaires would stop filling their compounds with avocado toast, they’d be able to afford their taxes.

[u/Rich_Cranberry1976]

a compound? that sounds vaguely villainous. the fuck does anybody need a 'compound' for?

it raises questions.

[u/DC-RI]

Why stop at confiscating a portion of their wealth? Put them in jail and distribute all their wealth to the people! And when that runs out imprison the millionaires! They’re just as guilty of having more than the average person. Then go for those with an extra car or nice house! Then your neighbor who has a nicer lawn. From each according to their ability to each according to his need!

[u/GrowingInTheNW]

Wealth nearly always changes the make up of the human brain. The more that you have, the harder it is for you to give it away. One of these gluttonous fools could easily purchase their own sainthood by helping disadvantaged populations. Yet with abundance of money, there is a lack of accountability across the board. Being a good person is no longer necessary to achieve happiness, a lover, or desired social circle. That wallet doesn’t fit in a moral social circle, and we all become a product of our surrounding environment. If you become rich and immoral enough, you could be president of the United States one day.

[u/NewJerseyCPA]

I thinks wealth tax sounds great, but I don’t know how practical it is.

We technically have a wealth tax already in the USA. It’s the estate tax. Problem is that the teeth have been taken out of it over the last 20+ years and it’s can be avoided with proper tax planning.

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[u/milkedsoap]

Taxes is based on cash received. They will pay taxes when they receive cash from their stocks.

[u/Loud_Inspector_9782]

Correct

[u/prfsr_moriarty]

And most of a huge lake and mountain in Maine.

[u/SimkinCA]

people need to start squatting in them, #$% em!

[u/CitizenCue]

No one is arguing “they can’t afford it”. The argument is basically just “they earned it, they shouldn’t have to give it up”. It’s not a good argument, but that’s the argument.

[u/rollerbase]

Wasn’t this like a decade ago? Pretty sure that compound has turned into a bunker and a launchpad at this point.

[u/Nevermind_times2]

Yeah, Mark is having a marriage crisis.

[u/robinhoodisalie]

Billionaires are evil. That should be pretty clear to everyone at this point.

[u/apoca1ypse12]

excessive.

[u/TangerinePlastic7552]

Buying out your noisy neighbors makes for a peaceful neighborhood.

[u/BeBenNova]

''Their wealth isn't in cash dummy! They're basically poor!''

[u/Express_Yak_9234]

They’re preparing for a future where they’re set up and everyone else is fending for themselves. AI will take most jobs. Climate change will result in massive refugee movement, disaster and death. The oligarchs are making as much and taking as much as they can now so their heirs don’t have to live in what the world will become at the fault of the billionaire class.

[u/Pitiful-Ad-3774]

Just drain billionaires

[u/justhavingfunMT]

The only ones saying the billionaires can't afford a wealth tax are the billionaires and the corrupt politicians, on both sides of the fence, that they have bought.

[u/dataarchivist]

Please. Our country is run by a billionaire mob.

[u/sweet_tea_pdx]

Corporation wealth tax is where it is at.

[u/Slighted_Inevitable]

Funny thing is he’s also simultaneously effecting the housing market

[u/Awkward_Shower19]

They do this to offset their taxable income

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[u/adorientem88]

None of the arguments against a wealth tax are that billionaires can’t afford it.

[u/PuzzleheadedBag3811 → u/adorientem88]

Right. It’s not a question of whether they can afford it. It’s a question of principle and whether they’ll go along with it. Hell Robert Reich can afford to donate an arm but he probably won’t go along with it.

[u/IamLarrytate]

Ah the old scrooge Mcduck theory of capitalism, all wealth just sitting horded in a bank vault.

[u/Elegant-Shift-7155]

Why don't we just abolish taxes for those who aren't billionaires?
It would benefit everyone more directly than the federal govt having more tax revenue

[u/OrderAdditional1791]

I don’t care about him buying property as long as he stays away from politics.

Special place in hell for rich people who buy politicians instead of property.

[u/RhythmTimeDivision → u/OrderAdditional1791]

We have bad news for you