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Andrea Junker :verified:'s posts Post Back to profile
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-rb

@Rjdlandscapes @PacificNic @Strandjunker isn’t the delta between wealth in year 1 and wealth in year 13 equivalent to 12 years of income?

25 February at 3:37 | Wall-to-wall | Open on awscommunity.social
7 comments
PacificNic

@dashrb @Rjdlandscapes @Strandjunker Income over the period plus net change in assets minus expenditures. For the ultra rich, essentially, yes.

25 February at 3:40 | Open on zeroes.ca
RJD

@dashrb @PacificNic @Strandjunker

They all own about the same (or less) slice of the companies they started.

yes this gives them a fair chunk of financial power but its not income its wealth , I'm fine with a wealth tax but I am not fine when your comparing the two

25 February at 3:49 | Open on mastodon.nz
PacificNic

@Rjdlandscapes @dashrb @Strandjunker Not sure why that specific point matters so much to you. Nobody thinks they're the same, but wealth is what's relevant for billionaires and income is what's relevant for workers. Billionaires don't work, so they don't live off wages.

Obliterating the wealth of billionaires is a big step in hampering their ability to influence the implementation of anti-worker policies. Obviously you don't do that by just increasing the income tax on billionaires. You do that, plus a massive wealth tax, and you eliminate taxes for the poor. Then you slowly outlaw obscene wealth hoarding. And increase social spending and increase the minimum wage.

@Rjdlandscapes @dashrb @Strandjunker Not sure why that specific point matters so much to you. Nobody thinks they're the same, but wealth is what's relevant for billionaires and income is what's relevant for workers. Billionaires don't work, so they don't live off wages.

Obliterating the wealth of billionaires is a big step in hampering their ability to influence the implementation of anti-worker policies. Obviously you don't do that by just increasing the income tax on billionaires. You do that,...

25 February at 3:56 | Open on zeroes.ca
-rb

@PacificNic @Rjdlandscapes @Strandjunker think there should be both a progressive income tax and a wealth tax. And an inflation adjusted minimum wage.

The pendulum swings, and right now it’s way too far to one side. I hope it swings back before society collapses from the inequality.

25 February at 4:00 | Open on awscommunity.social
shine

@Rjdlandscapes @dashrb @PacificNic @Strandjunker Why not? If the income of their employees reflected the increase of value they produce, those people wouldn't be able to gain such obscene wealth.

25 February at 10:27 | Open on gts.churanova.eu
Walter_C_Smith

@Rjdlandscapes @dashrb @PacificNic @Strandjunker
That's a little bit splitting hair (on high level), isn't it? 🤔
25 February at 18:52 | Open on troet.cafe
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