this post was submitted on 19 Apr 2025
433 points (96.4% liked)
Microblog Memes
7451 readers
2677 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Elmo give 2.5% of his wealth?
Fuck that shit.
At best people like him should get to KEEP 2.5 % of their wealth. More reasonable, likely, will be TJ jail them as few billionaires can claim to gave gotten there without stepping on the back of someone. Elmo personally should be jailed for life.
Also, we don't need religions for tax. Just tax the rich fucking bastards
You seem to be misreading.
Give 2.5% of their wealth, each year, not just give 2.5% of their income. There's a huge difference.
Wealth gets taxed every year, unlike income which gets taxed only once. So in 20 years, the wealth tax is roughly 20*2.5% which is 50%. And in 30 years it's closer to 75%.
But it is not 0.025*50. It is 0.975^20.
is roughly the same
the first results in 0.5, the second one in ~0.6.
but you're right, from an analysis point of view.
That is exactly what I'm saying.
2.5% of his wealth is nothing, he quite easily gains or loses ten times that in a year
Set a maximum amount of wealth per person each year. Anything you earn over that automatically goes into a 100% bracket.
There literally is no reason why one person should be allowed to have a billion dollars in wealth, whilst another person is homeless and needs to waddle into crime to be able to feed themselves
10 million total wealth. That sounds like a reasonably sane maximum anyone should ever have the power over. Anything above that, taxes.
sounds reasonable IMO
I think Bill Gates and the Gates Foundation pledge means keeping only 7% of annual income and it's still too much.
Anything over 10 million should be automatically 100% tax