this post was submitted on 25 Apr 2025
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politics

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[–] Formfiller@lemmy.world 34 points 16 hours ago* (last edited 16 hours ago) (3 children)

Confiscate all personal wealth over 100million. Break up any company worth over 50billion. Take all institutions of public service out of private equity: utilities, house, prisons, retirement, schools, postal, healthcare and public land management. Reform the legal system to not give the wealthy any advantage. Do not allow elected representatives. Do not allow politicians to take private money for political campaigns. Allowing people and corporations to acquire this type of power has been humanity’s whole problem for thousands of years

[–] NeuralNomad@lemm.ee 8 points 10 hours ago (1 children)

you should run for president

[–] UltraGiGaGigantic@lemmy.ml 2 points 7 hours ago

Democrats would say this person is unelectable. After losing to Trump twice...

[–] Manticore@lemmy.nz 10 points 11 hours ago* (last edited 11 hours ago) (2 children)

Billionaires technically don't have much personal wealth. They leverage their illiquid assets as collateral to take out massive loans. Which they can later cover with taking out even bigger loans.

The liquid wealth of the wealthy is very low, technically in debt. This is another way they can avoid paying tax as they technically don't have much of anything, and the reason why 'declining to take a salary' is typically meaningless.

[–] jjjalljs@ttrpg.network 4 points 8 hours ago

That feels like an easy loophole to patch- Treat loans as income. Maybe tax it at some separate progressive rate so people using small loans as intended don't get fucked. But if Muskerberg has $100 million in loans taken out against his stock, taxing $90 million of that as income would make a difference. Especially if the top rate is like 90%.

[–] aesthelete@lemmy.world 1 points 8 hours ago* (last edited 8 hours ago)

Buy borrow die

It does have a notable Achilles heel though, which is that the underlying portfolio has to keep appreciating in value.

[–] Wilco@lemm.ee 16 points 16 hours ago

Get private equity out of hospitals and forbid them land ownership.

The current private equity hospital grift:

  1. Buy a non profit hospital and ruthlessly expand it, putting all other competition out of business.
  2. Become the hospital's own 3rd party billing center (same name)
  3. Become the hospitals own 3rd party collection service, a law firm.
  4. Collect millions per year from the government to pay off unpaid hospital bills.
  5. Collect those bills with the third party collections by any means, garnishment, denials of service. 6. 6. Get the local courts dependent upon the court fees involved.
  6. Collect legal fees on top of the actual medical bills, thus "triple dipping" and getting paid three times ... all for services that were mostly paid for by insurance already.
[–] barneypiccolo@lemm.ee 33 points 22 hours ago (1 children)

Tax wealth, not work.

And churches.

[–] anomnom@sh.itjust.works 7 points 9 hours ago (1 children)

And money isn’t speech

Fuck Citizens United.

[–] UltraGiGaGigantic@lemmy.ml 2 points 6 hours ago

But my tree fiddy has so much to say! /$

[–] exixx@lemmy.world 39 points 1 day ago (1 children)

The article nicely makes the case for defenestrating billionaires as well

[–] resipsaloquitur@lemm.ee 9 points 1 day ago* (last edited 19 hours ago) (2 children)

Why waste perfectly tasty billionaires?

[–] UltraGiGaGigantic@lemmy.ml 2 points 6 hours ago* (last edited 6 hours ago)

The meat is rancid but these cats are so fat we could make lots of soap to clean up their mess.

[–] Jerb322@lemmy.world 6 points 1 day ago (1 children)

there's only one thing that they're good for

I'll take one bite now and come back for more

[–] 1984 12 points 1 day ago

Is that Michael Jackson in the picture to the left of pezoz?

[–] hddsx@lemmy.ca 7 points 1 day ago (1 children)

Zuck, Bezos Wife, Bezos, ???, Musk

Is ??? Pinchai of Google?

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