• chosensilence@pawb.social
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    15 hours ago

    imagine the state of the world if $3.5T had been used for our planet and its people over the years. this shouldn’t just make people mad it should enrage and sicken everybody. three trillion is enough money to fix and/or control every major preventable issue facing humanity and these greedy scumsucking motherfuckers hide it for themselves with the intent to never touch it. they just want the number to be big.

    • BarneyPiccolo@lemmy.today
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      11 hours ago

      And we let them. It’s up to up to stop them.

      We are already living in unprecedented times, and we are rapidly approaching a crossroads. The Sociopathic Oligarchs are well-aware of this and are well-prepared for it. Most other people don’t even realize it’s happening.

      Sociopathic Oligarchs are already so rich, they are starting to make decisions, and cut deals, as if they are a country themselves. When they start hitting Trillionaire status, they definitely will start behaving like they are their own countries, and then they will be in competition with other nations.

      Eventually, some will form an alliance, take over some landmass or island, and build their own military, and create their own country, and start causing problems.

      It is only a matter of time.

    • boonhet@sopuli.xyz
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      13 hours ago

      Well this would be 3.5T times whatever the tax rate was (probably different for different people unless it was just a Americans). But even if it’s just one trillion, that could be used to drive a lot of change.

    • JustTesting@lemmy.hogru.ch
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      11 hours ago

      yes, though to be fair, it’s not like this is just sitting in their bank account doing nothing. It’s mostly invested somewhere doing stuff to make them richer. So if they were taxed at a fair rate, idk, 90% or so, that would mean less investment, which in turn does help companies grow and pay salaries, R&D etc. They don’t send a trillion to a scrooge mcduck bunker on the cayman islands, they create shell companies there that own their stock etc. for them. They could not pay this tax since they just wouldn’t have the cash to pay x% of 3.5T. Which would either force them to sell stock to pay tax, potentially tanking the stocks value, or pay the tax directly in stock, making their holdings more government owned over time.

      As a socialist, I’m fine with either tbh. just saying this is not cash floating around that can just be spent to tackle humanities problems, if only it was just taxed properly.

      • I Cast Fist@programming.dev
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        10 hours ago

        Not every investment is in actually making things better for the invested company, many come with “you must fulfill this contract”, which is how firms like Blackrock destroy existing companies and get off even richer.

        Not to mention when the investment is in treasure bonds, which is esentially lending money to a state/country, which can make certain countries spiral into an unending debt whirpool, thus cutting actual investment the population needs

        • JustTesting@lemmy.hogru.ch
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          9 hours ago

          oh, definitely, and I’m not saying that they’re doing good or anything like that. I mean, the profits for investments have to come out of someone pockets. I’m just saying it’s a bit like having a parasite where removal might kill the host if not done carefully, not a free lunch where you just tax them and everyone lived happily ever after. They had a long time to embed themselves in all kinds of systems, and them not paying taxes is kinda built into the expectations of those systems.

  • TrackinDaKraken@lemmy.world
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    20 hours ago

    Shell companies registered in Nevis Island, which doesn’t keep records of who owns which company after they set it up, so they say.

    Invade that island, lock all those businesses, and watch the billionaires cry.

    • forrgott@lemmy.zip
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      19 hours ago

      Well, or they just go something very similar in the us, just with a layer or two of obfuscating. They literally failed to close one of the big loopholes that makes us one of the biggest “tax havens” just a few years ago…