this post was submitted on 06 Jun 2024
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Late Stage Capitalism

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One of the major points of our party for the upcoming election is to introduce a tax on people with a net worth of over 5 million euro. The tax has been calculated by independent checkers and it is estimated that it will rake in 8 to 10 billion euro annually.

Everyone and their mother is now saying that a tax like that would be a disaster as every rich people 'will just flee the country'. Which they will not, as has been shown by previous countries like France introducing a similar tax FOR DECADES with less than 0.2% of the rich people leaving.

But what saddens me the most is that so many people just accept this threat as normal. Like, what does it say about our system if rich people hoarding all the wealth without contributing to society can throw a fit and leave? Is that not a sick system to live in? You off all people are the one creating the wealth for these people. Be mad, please. Be outraged that they dare to do something like that, while our government is planning to cut the budgets of healthcare, education, public transport and whatnot. For fuck's sake have some dignity.

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[–] 201dberg@lemmygrad.ml 41 points 5 months ago* (last edited 5 months ago)

It's normalizing financial terrorism. It's the same thing people say when you bring up the US stock market and doing anything about the corruption. I heard people at work like "yeah the stock market is corrupt but if we do anything to threaten the rich they will just fuck the economy for everyone" or some such shit. Like imagine being so c*cked by capitalism that you response to them stealing from you is "well yeah but if we don't let them steal from us they will destroy our entire way of life" and then just go on about your day.

[–] FuckyWucky@hexbear.net 30 points 5 months ago* (last edited 5 months ago)

xigma-male knows the power of the state.

The state doesn't need rich people for their money, it doesn't need them at all. It only needs workers.

[–] 666@lemmygrad.ml 27 points 5 months ago (2 children)

My fucking city falls for it EVERY time and EVERY time people in this city blame migrants for it. It's some sort of fucked loop.

[–] RoabeArt@hexbear.net 12 points 5 months ago (1 children)

The small business tyrants in my city like to threaten hiring freezes or say they will stop giving raises any time it looks like even the most milquetoast lib Democrat is ahead in the polls during election season.

Instead of telling them off for this retaliatory sore loser dogshit behavior, people applaud them for sticking it to the lefties or whatever.

[–] 666@lemmygrad.ml 1 points 5 months ago

The joke is that the country is in a national hiring freeze and they aren't gonna give out raises anyways.

It's like Charlie and the football; every fucking time.

[–] Barx@hexbear.net 5 points 5 months ago (1 children)

Your city is more likely just responding to the wishes of the chamber of commerce and regurgitating the pat justifications that were handed to them by the chamber of commerce's PR firm.

[–] 666@lemmygrad.ml 2 points 5 months ago (1 children)

I've always wanted to destroy my chamber of commerce.

[–] Halasham@dormi.zone 2 points 5 months ago

I'd love to see the whole of the American Dystopia reduced to ash and bad memories.

[–] Parsani@hexbear.net 23 points 5 months ago

I just tell people that if they want to leave, that's fine, we should simply reappropriate their assets.

Neoliberalism has resulted in countries willingly compromising their own sovereignty and its frankly embarrassing.

[–] redtea@lemmygrad.ml 21 points 5 months ago (1 children)

Let them go. They'll struggle to leave with their telecommunication lines and their football clubs and their factories and their farmlands. Rich people leaving doesn't have to mean wealth leaving.

[–] DankZedong@lemmygrad.ml 1 points 5 months ago (1 children)

And their customers of course. Apple can move their profits and whatnot elsewhere. It's a bit hard to remove your customers from their country. And we can very easily measure the amount of products Apple sells.

[–] redtea@lemmygrad.ml 1 points 5 months ago

TBF if they want to move their wealth to a tax haven in the Caribbean and pay to relocate me as a customer, I wouldn't object too much.

[–] SugandeseDelegation@lemmygrad.ml 20 points 5 months ago

Literally the same BS in the previous UK elections, rich people in the news "threatening to leave the country" if Corbyn would've won, "oh no, not the rich, anyone else but the rich." Clowns

[–] SpaceDogs@lemmygrad.ml 17 points 5 months ago (1 children)

Canadians do this all the time too and it’s fucking infuriating. My question is, why would you want people like that—those who would leave at the drop of a hat due to being asked to pay more in taxes—to stay in your country anyway? They are literally not willing to use the money they make off your labour and give it back to the community, those people are not worth keeping around!

[–] landlords_morghulis@lemmygrad.ml 4 points 5 months ago

Exactly. I'm sure they'd do the same if you could somehow ban transfers to the Caymans. They didn't plan to give back shit anyway.

[–] Barx@hexbear.net 13 points 5 months ago

This is just propagandized people believing an empty bourgeois threat. They can't help it, they haven't been provided with the tools with which to reject such utter nonsense. That's our job!

[–] karashta@lemm.ee 12 points 5 months ago

The federal government creates the currency, not the wealthy. We don't need their money. We tax them to destroy their power.

If they won't employ people, sounds like it's time for a federal job guarantee. Let them wither away and die while we rebuild what they've destroyed

[–] TonyTonyChopper@mander.xyz 6 points 5 months ago

If they were serious about being rich they would have already moved to Monaco like the rest of us

[–] JoeDaRedTrooperYT@lemmygrad.ml 3 points 5 months ago

Blame the fuddies