• @Don_alForno@feddit.org
    154•2 days ago

    Tax property, tax inheritance, tax capital gains no matter if realized or not, tax passive income of all kinds. Tax them progressively and tax the highest brackets high enough that these giant fortunes actually shrink. There is no other way (well… besides revolution) to reduce the spiraling inequality which is at the root of major problems all over the world.

    • @tankplanker@lemmy.world
      78•2 days ago

      Always hated that they pretend you cant tax unreleased gains when they are perfectly capable of raising loans against them. If unrealized gains can be used to secure loans then they have a quantifiable value that can be taxed.

    • @BarneyPiccolo@lemmings.world
      14•1 day ago

      Imagine if you took $100 billion from any of these Goblins, they wouldn’t even notice it, but that money could fund homeless solutions (or any other problem) forever.

    • @UnderpantsWeevil@lemmy.worldEnglish
      13•2 days ago

      There is no other way (well… besides revolution)

      The backlash that you’ll receive from the cronies of mega-capital will make revolution inevitable. That’s assuming you can get so far as to democratically reform the tax code in an electoral system that cages voters, manufacturers consent, and manipulates the courts to guarantee only their people hold office.

      • @Don_alForno@feddit.org
        2•1 day ago

        I can’t even really disagree with you, but not trying still isn’t an option. It’s our job to at least try to convince our immediate peers.

    • @SocialMediaRefugee@lemmy.world
      7•2 days ago

      Minimum tax that they can never go below. Start penalizing tax havens like Ireland.

      There are already inheritance taxes but they should have caps on them since they hit intergenerational wealth and social mobility for lower and middle classes far more than the upper.

      • @Don_alForno@feddit.org
        11•2 days ago

        It’s trivial to design an inheritance tax that doesn’t tax a family’s (first) home and starts above a certain amount (500k, a million, two, make it 10 for all I care) that still allows lower and middle classes to build reasonable wealth. It’s also not that hard to not have a million loopholes for the excessively rich. That only gets difficult when people fall for the usual lies, like “businesses will close down and you will lose your jobs”.

        Start penalizing tax havens like Ireland.

        Tax based on passport, allow for taxes at their place of residence to take priority (so, you can pay low taxes in Ireland, but if it’s less than our tax, you pay the rest here), tax them a lot if they relinquish their passport. No need to start international beef about this.

        • @SocialMediaRefugee@lemmy.world
          1•1 day ago

          Oh, of course it is trivial, the issue is the political will to do it. As for tax havens I was thinking more along the lines of corporate tax evasion by companies like Apple.