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Forum Post: Tax Them

Posted 2 years ago on Oct. 5, 2021, 12:38 p.m. EST by agkaiser (2526) from Fredericksburg, TX
This content is user submitted and not an official statement

Implement a 100% tax on all income, capital gains and wealth of individuals that is greater than $10,000,000 in the aggregate. And a sales tax on stock, bonds and commercial property and corporate buy out transactions.

The only debt the government must pay is that borrowed from the Social Security (TAX) Trust Fund. The money borrowed from Banksters and Billionaires should have been taken by taxation in the first place. Borrowing from them and paying them interest instead of taxing them to begin with is a crime against the American People who pay taxes like FICA, on income and property.



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[-] 1 points by ImNotMe (1488) 2 years ago

"The IRS misses billions in uncollected tax each year. Here's why..." (4m Audio File and Transcript)

from which --- "The IRS is woefully understaffed and will miss about $600 billion in uncollected taxes this year as it grapples with technology built before humans landed on the moon, according to Dep. Treasury Department Secretary Wally Adeyemo.The understaffing has also led to frustrations for some Americans who called the IRS for tax help this past year, with only 11% getting another human to answer a phone."

fiat justitia - ruat caelum!

[-] 1 points by ImNotMe (1488) 2 years ago

"The Wealthiest 1% of Americans . . . dodge $163 billion in taxes every year - Treasury says"!

"More Than Half of US’s 100 Richest People Dodge Estate Taxes Via Special Trusts"! . . . by Jeff Ernsthausen, James Bandler, Justin Elliott and Patricia Callahan:

"Global Financial Empire 1" . . . by Professor Michael Hudson:

radix omnium malorum est cupiditas!

[-] 1 points by ImNotMe (1488) 2 years ago

Elon Musk wants to own Twitter to protect his ‘Freedom’, NOT everyone else’s" by Robert Reich:

"When billionaires like Elon Musk justify their motives by using 'freedom', beware. As what they actually seek is freedom from accountability.They only want to use their vast fortunes to do whatever they want, unconstrained by laws or regulations, shareholders, or even consumers.

"The “Free Market” increasingly reflects the demands of big money.Unfriendly takeovers, such as Musk is mounting at Twitter weren’t part of the “free market”, until the late 1970s and early 1980s.Before then laws and regulations constrained them.

"Then came the corporate raiders like Carl Icahn and Michael Milken.Their MO was to find corporations whose assets were worth more than their stock value & borrow against them; acquire enough shares to force them to cut costs (such as - laying off workers, abandoning their communities, busting unions and taking on crushing debt), and cash in.

"But these raiders often imposed Huge Social Costs.They pushed America from Stakeholder Capitalism (where workers and communities had a say in what corporations did) to, Shareholder Capitalism (where the sole corporate goal - was to maximize shareholder value). Inequality skyrocketed, insecurity soared, vast swaths of America were abandoned, and millions of good jobs vanished.

"The raiders altered the “free market” to allow them to do this. That is what the super-rich do. There's no “Free Market” in nature. The “Free Market” - depends on laws and rules. If you have enough money, you can buy changes in those laws and rules that can make you - even more money &, you can also get the government to subsidize you – Musk has received a reported $4.9bn so far!

"“Free Speech” - is yet another 'Freedom' that can turn on wealth. As a practical matter, your ability to be heard turns on the size of the megaphone that you can buy. If you are extremely rich - you can purchase the 'Washington Post' or own 'Fox News'. If you’re the wealthiest person in the world you can buy one of the biggest megaphones in the world - called Twitter and then decide who can use it, what its algorithms are going to be, and how it either invites or filters out big lies.

"Elon Musk’s real goal ... has nothing to do with the freedom of others. His goal is his own unconstrained freedom; the freedom to wield Enormous Power - without ever having to be accountable to any laws and regulations, to shareholders or to market competition,which is why he is now dead set on owning Twitter.

"Unlike his ambitions to upend transportation and interstellar flight --- this one is dangerous. It might well upend democracy"!!


[-] 1 points by ImNotMe (1488) 2 years ago

"How Will Elon Musk’s Ownership Affect Twitter?" Amy Goodman & Juan

González, of Democracy Now! [A very important video report and discussion]

fiat lux!