• 0 Posts
  • 57 Comments
Joined 1 年前
cake
Cake day: 2023年6月29日

help-circle










  • This argument completely ignores the impact this has on regular people. People who end up late to pick up their kids from daycare and end up owing extra money when they can barely make ends meet as it is. Yeah, this may have some marginal impact on the capitalist class, but it will be far more painful for the employees who WILL be held accountable for being late to work and may easily end up fired, and certainly will not be paid for the time they miss. Let alone the life safety issues this type of demonstration creates. This is holding your peers ransom because of something you want and you take away their autonomy to decide whether or not to take part. If you can’t convince people to join your cause willingly, maybe your cause isn’t as good as you think it is.







  • You’re talking about income tax rates, and I agree that the top tax rates should be higher, but this won’t fix the problem because billionaires don’t make their money from salaries. Most of their money is theoretical and tied up in ownership of shares of a company.

    They can sell shares or earn dividends to make money, so capital gains should also be taxed at a much higher rate. But billionaires often choose not to sell shares either because they have a better option…

    They take out low interest rates loans using their shares as collateral. The interest rates they are charged are generally going to be far lower than the interest on their stocks that stay invested,. This is where most of their liquidity comes from, because loans aren’t taxed, and in some regard is almost an infinite money glitch for billionaires.

    I think we need to make it illegal to use financial holdings as collateral for loans, at least for starters.