this post was submitted on 05 Dec 2024
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As someone that could probably best be described as center-left (guillotine oligarchs yes, UBI yes, abolition of private property and free markets no), I do dare say that not a single common person on the right likes the billionaires either. It's just that their side of the political isle has been co-opted by the billionaires even worse than the "left" side because being anti-tax and anti-regulation is more useful to billionaires than pro-tax and pro-regulation.
Nah the right has one or three pet billionaires they outright worship.
These one or three pet billionaires have done a lot of image building to achieve this. They're trying to be the "common man's billionaire" and "just like us". Musk spent a decade trying to appear like a nerdy engineer and when people started realizing he's a shitheel, he pivoted to the "the elites are after me, it's time for us to stop them together" shtick.
In general, the right (and I mean individual people, NOT politicians) hates billionaires almost as much as we do, but wrongly associates them with the left - but while it's true that some billionaires are left-wing socially, they're damn near all right-wing economically, because no billionaire is going to want to have less money.
Yeah the big issue is as you said. Ask someone on the right to name a bad billionaire. They will mention musk, bezos, Tim Cook, but probably only hating cook for being woke and money grubbing. The ones who pull the strings hide themselves. Nobody knows who they are they’re just CEO of x y z. There’s 750+ billionaires in the US, 15 in every state on average (though most of them are in cali, Texas, and ny). And they’ve spent a boatload of money getting very smart people to convince everyone they can that the problem is Joe Biden, or Kamala Harris. Tribalism is strong, and unfortunately people just lap it up.
On average...
There’s a bit like this in Daredevil. They’ve been tracing some shadowy acts back to Wilson Fisk, a horrible rich man nobody’s heard of. A top journalist is preparing an article on his actions based on circumstantial evidence.
Fisk, reading the situation and retaliating, opens a press conference introducing himself and voluntarily makes his name known to get on people’s good side.
Private property ≠ personal property. Private property is mostly owned by businesses and corporations, not a person.
As we can see in the US, housing should never be private property, since the number of units that have sat empty for at least 12 months outnumbers our homeless population by a factor of over 70:1 counting all residential types (apartments, condos, duplexes.) If you only count single family detached homes, those still outnumber the homeless population by a factor of 30:1
That’s called center left now? I thought that was far left.
Center left is what we used to have after WWII.
Far left is what we worked for during the labour movement. Or so I thought.
If you aren't working towards the establishment of Socialism, you can hardly be called "far left."
You're thinking eu not us. Overton window shifts in the us
The left is not pro "all private property abolished". Only " all private property of the means of production "
Or, when someone says "abolish private property" they're not talking about your toothbrush.
In this context, private property is the stuff you can use to generate capital. Personal property is your toothbrush, your phone, clothes, furniture, bike, car, house etc.
If you own a second house for rental income, that's private property. The house you just live in is personal property.
Not all second homes are private property necessarily. If you work out of it then it's personal property, like if you're using it as a vacation rental and doing all the cleaning and maintenance yourself. If you hire someone else to do the work for you then it becomes private property. My preferred way of explaining the distinction is that private property is akin to absentee ownership, while personal property is stuff that is in active use by you personally.
Do you guys even listen to yourself? This makes zero sense.
How can I better explain it to you in a way you will understand?
How make no billionaires if capitalists allowed to keep owning means of production? Allow to get rich, and then kill?
Here's a small set of proposals, definitely well thought of and not made up specifically for this comment to make a point:
Start taxing them heavily on wealth INCLUDING unrealized gains once it hits a threshold, but no wealth tax for normal people. Force companies to become either co-ops or publicly traded when certain thresholds are met - and if the founder has too much stock, the taxes on unrealized gains will force them to sell. But if it's a co-op, don't count anyone's share in it as wealth for taxation, only any profit actually paid out by the co-op. My prediction is that companies with high profit per employee (think Steam) will become worker-owned co-ops and companies with lower profit per employee will be publicly traded (think Walmart, except of course Walmart is already publicly traded)
Essentially, I want people to be able to own property, but not own so much that it negatively affects everyone else - everyone should be able to have a primary residence tax-free and I don't think it's bad for someone to own a second home either, except that shouldn't be tax-free. Hoarding property isn't OK though - that affects everyone else's housing situation. I don't like the idea of the state owning all homes - I want there to be strong rules protecting me from being evicted because the state needs a factory built right where my neighbourhood is - but there SHOULD also be state sponsored housing for those who can't afford their own homes, and they should be easily attainable, and built to a good standard.
I'm okay with people making a plentiful living from passive income off ownership in some company they built, I'm just not okay with it being so much that they make more in a year than the rest of us do in a hundred thousand.
I mean... If they're forced to game the system so they stay just below the "rich" threshold all that extra money has to go somewhere besides their pocket.
Yeah, it'll go to their friends and family.
You don't fuck with the tax man. They got Al Capone, they'll get you, and they'll get the billionaires, if the laws are right and there's enough funding to investigate ownership structures of large companies, and the relationships between different major shareholders.
Plus I don't think anyone has hundreds of family members to hide away hundreds of billions.
Besides, you'd have to divide it before the company gets large enough for it to matter. If your company is worth 800 mill and you're the only shareholder, selling off half to anyone for anything significantly less than the perceived value of the company, would be investigated as potential tax evasion.
I think a lot of people forget that tax authorities are supposed to look for these cases of hiding wealth. In many civilized countries, they do it for real.
You don't see the difference between Al Capone, an open criminal who was known for peddling alcohol during prohibition (and probably a murder or three), and billionaires who have enough capital so that they're basically under the jurisdiction of no individual nation? I'm not even talking about criminality, let's take that element out completely... You still don't see the difference between these people?
Also, you understand that the "taxman" is the IRS, right? And that Trump is going to pretty much defund them (probably leave just enough for him to target his perceived enemies).
Taxes. Tax anything over one billion at 100%
We used t have “progressive” income taxes where higher income paid more, but tax breaks have largely gone to the wealthy over the last half century. While we still have tax brackets, they top off much lower than they used to. More importantly we have a really complex tax code, where some people are able to use loopholes and exceptions, such that many wealthy people pay at a lower rate. Were effectively a “regressive” tax code now
How stop 999 millionaire from buying government and changing tax law?
Limit personally donations by law. Block corporate donations completely. Force donations into a central pool for equal distribution to the parties.
Over one billion? Way too fucking high.
I commented on a politics@lemmy.world post about a bunch of CEOs of publicly traded companies endorsing Kamala Harris saying that it hurts her campaign more than it helps and I got downvoted and had people replying to me saying "um, actually most people look up to CEOs, you're the one out of touch." I'm feeling pretty vindicated rn.
Loads of folks on the right worship Elon... so, no, you are wrong.