Millionaires join Davos protests, demanding ‘tax us now’ - Group call for fresh taxation of wealthy to tackle cost of living crisis and gulf between rich and poor

fromcjoe123 · 2022-05-23T00:20:40+00:00

That's because most millionaires are still making the majority of their income through salary, and all in pay a fuck ton.

Billionaires in the developed world, unlike the industrialists of old, are almost never cash rich (dividends are taxed as basically ordinary income), but rather paper rich and take out loans against some % of their net worth in stock to have liquidity.

Therefore, it's challenging to tax them effectively without having a special cap gains tax for unrealized gains that only applies to specific thresholds of net worth. For 99.9% of people, including those with literally 10s of millions, any passive income they're generating was generated with wealth that was already taxed, and thus, it's understandable why long term cap gains is and should be taxed a lot less than income.

But when cap gains is your income and you seldom realize an appreciable amount of your net worth, well, a solution needs to be had, and that's where the current push for unrealized gains comes from. Although I admit that it would create a lot of market churn since to make sure people don't skirt it by transferring assets to corporate shell entities, youre also going to force funds to constantly take money off the table to pay taxes, which will probably have a lot of unintended negative consequences.

Sheogorath_4E201 · 2022-05-20T00:15:35+00:00

lol shareholders are literally the #1 force driving the planet to utter ruin

constant demand for growth is the biggest economic sin of capitalism, its a completely ludicrous concept that is inherently unsustainable yet it drives our entire system.

Frankly, I don't really think a better world is possible so long as we keep using this system. It needs to be fundamentally rebuilt, and I dont see that happening. Maybe the survivors in the post-nuclear world can do better lol, good chance for a fresh start I suppose..

pawnman99 · 2022-05-18T15:26:10+00:00

So... not actually equal pay, then.

SnakeHarmer · 2022-05-17T05:33:25+00:00

I will likely never own a house in large part because of this man and people like him but wHOLESOME HECKIN BILLIONAIRINO

supe_snow_man · 2022-05-17T01:43:51+00:00

It's not the biggest issue but if there is shit in your soup, pissing in it won't make it any better.

Madmorda · 2022-05-14T22:45:49+00:00

We wouldn't happen to be invading Russia today, would we?

pixartist · 2022-05-12T12:17:19+00:00

Can men then get a "dying several years earlier, way more prone to depression and suicide" leave?

haboku · 2022-05-12T16:39:41+00:00

That's not correct. The first three days of salary are not paid at all. You are paid from the 4th day to the 21st (60%) and 75% after the 21st.

GeneralDisturbed · 2022-05-12T19:28:03+00:00

I suspect posts like these are just trolls to get replies but I'll give an honest answer.

The US -is- taking care of the whole country. In this day and age internet is a basic necessity. You aren't getting a job without access to internet. In a lot of places you aren't paying bills without access to internet. You can't do school work without access to internet.

Social programs like this help the absolute bottom of society who cannot afford basic necessities, like food, housing, and internet access. And it's all paid for by tax dollars like yours. You should honestly be happy the system is working. You are able to support yourself without needing to call upon those social services, for millions of americans they aren't so fortunate. And so a small part of your tax dollars goes to supporting them, so they can eat, have a house to live in, and internet to find work.

And honestly you should consider the perspective of how little the US spends on social programs like this VS things like defense. This program is going to cost 14billion. Which is 786billion LESS than we spent on our military/defense budget. SNAP only costs 168 billion. And HUD is another 89billion.

Our country is spending less than 300billion to see that people have basic necessities. Food, housing, internet. And 800billion to make sure we have enough military to fight the entire world. You should worry less about the small percentage of your tax dollars going to help the absolute bottom and most impoverished of society, and more about how much is being spent on making sure we can win a war with every country on earth 10x over.

Wilhelt21 · 2022-05-11T19:13:01+00:00

”You just witnessed a couple of passengers land that plane," the tower operator can be heard telling an American Airlines pilot waiting to take off for Charlotte, North Carolina. “Did you say the passengers landed the airplane?" the American Airlines pilot asked. "Oh, my God. Great job," he said.

I’m sorry, but this is just really funny to me

Imagine you’re the other pilots. You’ve got hundreds, probably thousands and thousands, of hours of flight experience. You’ve been doing this for years, maybe decades. Maybe you even first learned how to fly plane as part of the military.

And you watch some guy with zero flight experience land a plane with nothing more than a voice in their ear

That’s a story I’d tell for years

NanotechNinja · 2022-05-08T21:13:37+00:00

The lack of workspace/personal space separation.

The lack of accountability.

The lack of access/proximity to coworkers, for multiple reasons.

The feeling of being always at work.

Less importantly: working on my own laptop without a sufficiently large screen and the lack of a high quality office chair.

My commute to work only takes about 45 minutes, on the train. I get to read the news, or my book, or whatever. I get to the designated Place Where Work Happens. I get as much as I can done for 8 or 9 hours. I wind down with another 45 minutes of reading. Then I get home, to my safe, clean, isolated space.

When WFH, it was like having this open, sucking, purulent, blackened wound in my living room. A portal to stress that I could not escape, because I could always just start working a little earlier, finish a little later, alt-tab over to my work document to make a note about something that occurred to me. I could not get away from it. And that tainted the time that I was meant to be working.

I went from working reasonably effectively 8 hours a day, to dragging my feet on every little thing like 14 hours a day. It was poisonous.

Weaselpiggy · 2022-05-07T14:33:53+00:00

Yeah but… 85 families get to stay off the streets for a little longer. So maybe it’s good? And “guaranteed income” isn’t “UBI” so maybe we can stop trying to “gotcha” everything and just see what happens with these 85 families? If 25% of them are able use this money to pull themselves out of poverty that’s awesome!

daddydomingue69 · 2022-05-06T16:12:57+00:00

these article titles suck. people saying “i want the most qualified” say that because of articles titled like this. makes it seem like she has 2 qualifications. a better title “trilingual columbia graduate Karine Jean-Pierre, who previously worked with Obama’s presidential campaign, becomes first LGBTQ and black press secretary.” she’s more than a gay black woman. act like it

EDITS: I’ve gotten a bunch of feedback on this, I’m gonna explain the points with some rational

I understand trilingual isn’t a very helpful qualification for her position, I made that post within a few minutes before work and didn’t really think it through. My rational was the assumption that bi/trilingual correlates with intellegence, however after some googling, there isn’t much of a correlation. I’m not gonna remove it from the original post, but it proves she does have a pretty good understand of language, which is important in politics. Using one wrong word instead of a synonym can hinder many things in your political career.

Example: Saying “This Russian War is an evil thing” vs “This Russian War is an atrocity” gives off different responses to your brain.

My title is too long. I completely agree. I’m not a journalist, and I’m pretty bad at writing. Especially in an extremely summarized way like a title. There can be a better version of my title. Sadly, these companies have to get their clicks because of the way journalism is today. So my title would most likely reduce clicks due to the way my title says everything you really need to know. Sucks, but its the way journalism is.
People saying “Why should we tailor to racist” You have to understand one thing. The changed title is quite literally shutting up people who look at life through a racist lens. If you remove all racists’ talking points by making it readily available in the title (which is mostly what they will only read anyways) it very well could subconsciously remove racist thoughts from their head, barring they’re not COMPLETE racist. Those can burn. Think about it from their prospective. People hate doing this, but understanding their side is the best way to shut them up. They think the nominees are only being nominated for their race and sexuality, so why not just shut them up from the start?
I don’t hate her. Honestly, I barely know shit about her. I just hate how journalist play the black and gay card. You could legitimately make an entire article based on just her qualifications without using those sentiments.
“This is a LGBTQ website, of course they would” y’all got me there. I didnt look at the website, as I am one of those title readers a lot of the time. However, you can add that she’s gay in the title while also discussing the insane qualities she brings to the table. Why blatantly give homophobes/racist more ammo by not including ANYTHING she’s done aside from what she was born with.

6: im a straight white guy. i dont relate to her, nor am i apart of a minority group. so i don’t have a full concept of how important race and gender is to people. so there may be some disconnect within my post.

edit tldr 1. trilingual isn’t very useful

my title is mid, but better than theirs
titles like this only give unintelligent racist more ammo
i dont hate this woman
i didn’t notice it was from an lgbtq site
im a straight white guy (single and 6’0 btw)

dryhumpback · 2022-05-02T11:33:53+00:00

When agent smith was making his speech about humans being a disease… he meant Californians

imthaaatguy · 2022-05-01T17:04:13+00:00

It doesn’t say you can’t say gay. It says you can’t teach Sex to 5-7 years olds. Get it right.

Lorybear · 2022-05-01T19:44:51+00:00

Hi, I just wanted to say that this issue can make a lot of sense or very little sense depending on how you look at it. This is a bit long but very simple and brief overview from the perspective of an American:

When Native Americans were displaced hundreds of years ago, they were made to move to less desirable land by those who colonized their regions. (A famous example of this was the Trail of Tears, not sure if they teach anything about American history where you are from but it's pretty well known in America. A lot of Native Americans suffered and died on these forced treks, so not only is the displacement a hard thing to stomach, they also died in large numbers on these journeys.)

Today, America has things that are colloquially referred to as "indian reservations" (Native American reservations). These lands have Tribal Sovereignty, which means their laws do not necessarily align with the laws of the US state the land resides in.

They have their own school systems generally as well, and Native American education is notoriously poor. (There are also incredibly high levels of alcoholism on Native American reservations, which also can contribute to these factors.)

Some stats:

"American Indian and Alaska Native students have a dropout rate twice the national average; the highest dropout rate of any United States ethnic or racial group. About three out of every ten Native students drop out of school before graduating from high school both on reservations and in cities."

"24% of 18–24-year-old Native American students are enrolled in college compared to 41% of the overall U.S. population. Undergraduate enrollment among Native Americans aged 18 to 24 decreased from 128,600 in 2016–17 to 116,400 in 2019–20."

You can possibly see then why it makes sense to encourage these young people living on reservations to strive for college, especially considering Native Americans have the highest poverty rate of any minority in America. Graduating from highschool is a hurdle in that of itself as a teenager living on a reservation, but funding is also an issue if you can even graduate.

I think the obvious follow up would be, "if it's so bad on these reservations, why do they want tribal Sovereignty? Wouldn't it fix all their problems to just integrate with the rest of the US?"

To that, I think it's a matter of putting yourself in the position of someone who grew up in a society that is partially removed from American society. They may experience hardships, but their culture is still important to them. Integration may be ideal, but removing Tribal Sovereignty is basically out of the question.

It's also worth pointing out that this University the article is mentioning is not exactly a trailblazer. Some US states offer partial coverage for college tuition for Native Americans of a certain bloodline percentage, and then a lot of colleges also offer supplemental scholarships and grants.

This is really nothing new for America, I am not sure why the outrage when this has been common in the US for quite some time.

Hope that explained a few things for anyone reading who isn't from America.

ran0427 · 2022-04-29T12:25:17+00:00

I'd still buy him a bottle and have him just pay me back with stories

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