646
World’s billionaires should pay minimum 2% wealth tax, say G20 ministers
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Apr 2024
646 points (98.1% liked)
World News
37319 readers
1998 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect!
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 1 year ago
MODERATORS
A two percent wealth tax is actually a better idea than a lot of people here seem to think.
If you have $100B, you'd have to pay $2B every year that you hold that much wealth, and you'll have to pay it in cash.
This would produce a lot of annual recurring tax revenue, and it would incentivize billionaires to hoard less paper capital if they don't want to constantly be forking over billions in taxes.
The tax is beneficial, and so is the way around the tax.
Though we also need to tax their income more too.
Also, if you did go and try to tax 75 to 90 % like so many say, that means trillions and trillions of liquid money would have to exist from nothing to cover the collective tax burden, which didn't exist, thus all the stock value collapses, taking retirement funds with them.
Have to be measures that recognize the partially fictional facet of some of these net worths while not letting them off the hook at the same time.
I pay way more than two percent and I live paycheck to paycheck, that's fucked up.
2% of Wealth (not income) annually. I'm no expert but if that includes unrealized gains then that is SIGNIFICANT.
They'll have to sell of their stocks to get that 2% to cash, which has the added benefit of lowering the stock's value. Next year, we'll bump it to 3% to make up the difference. Rinse, repeat.