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CET Money is finite. The world is a closed system. In order do make huge amounts of money, you have to take it from somewhere. You do not generate this money out of nowhere.
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#wealthredistribution
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The tweet shown below has been going around for a while, you’ve probably seen it somewhere in its original form or made into a meme. It was originally posted by Nathalie Robin Justice Gravel a.k.a. @welcomewords on June 23, 2023.
What you might not yet know is the beautifully written piece “We Are All Socialists in Our Private Lives” that elaborates on David Graeber’ eponymous quote and the essence of this tweet. It’s been published on Substack by Australian writer Erin Remblance who is also a co-founder of (re)Biz’s Project Tipping Point.
https://erinremblance.substack.com/p/we-are-all-socialists-in-our-private
Project Tipping Point: https://www.rebiz.io/project-tipping-point
Interview with Erin Remblance: https://www.regenerationjournal.org/degrowth-the-quest-for-a-social-tipping-point-an-interview-with-erin-remblance
The strongest argument against Oregon's wealth-redistribution measure 118 is that it will hurt low-margin businesses. Here's their counterargument:
Vote Yes! on Measure 118, the Oregon Rebate"Narrow Profit Margin" Corporations Are Spending Money They Say They Don’t Have to Fight the Oregon Rebate — Vote Yes! on Measure 118, the Oregon RebateNearly $6 million in corporate money is flowing into Oregon to fight Measure 118 as VP Harris announces plan to take on their “price gouging” Measure 118 opponents, including Democrats like Gov. Kotek, show they are out of step with the economic priorities of voters and the party’s popu
"In 2019, when she was twenty-seven, she received an e-mail from her family’s financial adviser: she had been named a primary beneficiary in her grandmother’s will, which meant that, when Traudl died, Engelhorn would inherit tens of millions of euros." —Joshua Raffa for The New Yorker.
https://www.newyorker.com/magazine/2024/09/09/how-to-give-away-a-fortune
Oregonians will have a chance to directly vote to tax wealthy corporations and give the money back to citizens. Any downsides, or is this exactly what we want?
Vote Yes! on Measure 118, the Oregon RebateVote Yes! on Measure 118, the Oregon RebateVote Yes! on Measure 118 to get yearly rebates of $1,600 for yourself and every Oregonian, kids included. A four person household will get over $6,400 every year. Paid for by making giant corporations pay their fair share.
So, another evil thing in the world is how countries are given loans (which are often mismanaged) instead of just being helped out by other countries. The indebted countries are then forced to stoop to #environmental degradation (like selling forests to mining interests) and #HumanRights violations to pay back the debts.
Activists Disrupt Meeting to Demand '#LoanSharks' IMF and World Bank Cancel All Debt
by Brett Wilkins
Oct 11, 2022
"We need #localization and #ecological #sustainability for the people, planet, and peace," said #CodePink's Nancy Mancias. "We are calling on the IMF and #WorldBank to end its debt trap monetary practices which are causing countries to sink further down into economic crises."
Explainer: Who holds #Ghana's debt and what restructuring is planned?
By Rachel Savage and Marc Jones
December 9, 2022
https://www.reuters.com/world/africa/who-holds-ghanas-debt-what-restructuring-is-planned-2022-12-09/
Critics Say IMF Loan Fees Are Hurting Nations in Desperate Need
Democratic lawmakers say the global fund’s surcharges for emergency relief siphon away money that countries need to fight the pandemic.
https://www.nytimes.com/2022/01/14/business/economy/imf-surcharges.html
Common Dreams · Activists Disrupt Meeting to Demand 'Loan Sharks' IMF and World Bank Cancel All Debt | Common Dreams"We are calling on the IMF and World Bank to end its debt trap monetary practices which are causing countries to sink further down into economic crises," says CodePink's Nancy Mancias on the day she and Olivia DiNucci protested at IMF headquarters.
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When you couple #LVT with #UBI and other forms of #WealthRedistribution, you remove the profitability of #rentseeking, and the ability of the #ownership class to pass on the cost of #taxation, because any excess/surplus is simply returned to the taxpayers.
It's a self-limiting, self-regulating negative feedback loop, the exact opposite of what progressive #IncomeTax actually does. #Economics #PoliticalEconomy #Georgism
Ich reiche das hier mal einfach so weiter:
»Besteuert die Superreichen!« Unter dieser Überschrift fordert heute ein Team aus Minister*innen im SPIEGEL eine »globale Steuer auf Milliardenvermögen«.
https://www.spiegel.de/a-da3caf1f-38fa-4f0e-996b-17b82bb3f2b2
DER SPIEGEL · Globale Milliardärssteuer: Besteuert die Superreichen!
Wie war das doch gleich: Wegen des Verfassungsgerichtsurteils dürfen die 60 Corona-Milliarden nicht in den Klima- und Transformationsfonds verschoben werden.
Die Finanzierung wäre trotzdem gesichert, denn »Vermögensteuern könnten Deutschland 73 Milliarden bringen«, titelt DER SPIEGEL heute (Bezahlartikel, deswegen nicht verlinkt).
Sind sogar noch 13 Millarden übrig.
Wieder einmal der Hinweis, dass auch Reiche das eine gute Idee finden: https://taxmenow.eu
taxmenowtaxmenowPolitische Organisation - Vermögende aktiv für Steuergerechtigkeit!
Anderthalb Stunden Feuerwerk von Einsichten, Erkenntnissen und Ideen über Kapitalismus. Griechenlands Ex-Finanzminister Yanis Varoufakis und Musikerphilosoph Brian Eno, langjährige Freunde, im Gespräch mit BBC-Journalistin Ritula Shah – kurz vor Beginn der COVID-Pandemie, aber immer noch gültig.
One and a half hours of fireworks of insights, realisations, and ideas about capitalism. Greece’s former Minister of Finances, Yanis Varoufakis, and his friend of many years, musician philosopher Brian Eno in a conversation with BBC journalist Ritula Shah — shortly before the outbreak of the COVID pandemic, yet still valid.
“Yanis Varoufakis and Brian Eno on Money, Power and a Call to Radical Change”
https://invidious.protokolla.fi/watch?v=awP2BFm8G1g&local=true
#ShortStory idea about #VentureCapital thrown at anything #ArtificialIntelligence
All this #AI BS is centered around one thing: the opening volley of the #ClassWar
See, the #OwnerClass has oppressed #SoftwareDevelopers for decades by putting #IdiotCEOs over the people who actually understand shit.
Now AI is lulling CEOs into being more & more comfortable typing prompts into various LLM UIs.
They'll ask it to help dodge taxes. It'll gather info then rob them blind.
Hello Fediverse, hello Bits&Baeume,
I’ve moved recently, time for a (re)introduction — and a heartfelt Thank You! to @ben
I am a writer, copywriter, online editor, and I generally write a lot; I design websites with plain HTML/CSS/JS or using WordPress and other CMS; occasionally I work as a speaker, podcast producer, sound designer — to mention the most important bits.
My blog: https://wernerprise.com/blog (mostly German, but I am considering making it bilingual at some point.)
Climate catastrophe is on my mind, degrowth close to my heart; capitalism needs a short leash!
Also, I still take SARS-CoV-2 and COVID-19 very seriously. Thus:
#SARSCoV2 #COVID19 #COVID #NoCOVID #LongCOVID #COVIDIsNotOver #WearAMask #TeamCaution #CleanAir
#NewHere #Intro #ClimateCatastrophe #Capitalism #WealthRedistribution #TaxTheRich #Democracy #AntiAI #AntiFa #StopConsumerism #WeAreThe99Percent
#HTML #CSS #JavaScript #Webdesign #WordPress
wernerprise.comWERNERPRISE° — Das Blog. – Es gibt nicht immer was zu sagen.
Sooner or later most of the population of the developing world is going to turn up in the developed world. They will be forced into #migration due to the catastrophic effects of climate change.
They will be hungry, literally and metaphorically.
The migrants will be prepared to eat the rich. They will have fought every step of the way to get to the developed world and seen millions of people die.
Look at this massive problem one way and it becomes basic blood and soil nazism. Protect you and yours by killing everyone else. That's what governments and their backers want to do. Sit back and watch the bodies pile high at best. Final solution at worst.
We **must** reject that view. People in the developed world need to eat the rich **now**. Appropriate their assets and use them for good. Save as many people as we can.
People will still die if we do this, probably still vast numbers. We won't be able to do everything in time or things will happen that we can't predict.
We have to try. We have to fight. We **must** eat the rich.
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@kerouac666 yeah.
Despite the fact that #Finland basically eradicaded #Homelessness with #HousingFirst strategy.
#AffordableHousing is also a key part - next to affordable #Healthcare - to keep "social peace" and make the poor people not want to shout #EatTheRich or try #WealthRedistribution on their terms...
Why do eben rich #Wankers not grasp the concept that it's cheaper for everyone - including them - if some actual #SocialSecurity exists...
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@Saltybretzel Instead consider the need for #WealthRedistribution and espechally a #PostMonetarySociety, which must include the Abolishment of #Capitalism!
https://www.youtube.com/watch?v=7Pq-S557XQU
A modest proposal:
The #BillionaireLottery.
Every month, in a publicly transmitted ceremony, one billionaire is randomly chosen and must pay 5% of his net worth as Immediate Special Tax.
Right after the ceremony that 5% is distributed to basic human needs like healthcare and housing in another public ceremony.
If a billionaire is unlucky and get's selected 3 times in a year, he will be removed from the lottery for 12 months.
Run it for at least 5 years.
In Chile, taxes on unhealthy foods and sweetened beverages, as well as subsidies to healthy foods, benefit low-income households and create a loss for high-income households and wealth redistribution.
PubMedCombined fiscal policies to promote healthier diets: Effects on purchases and consumer welfare - PubMedTaxes on unhealthy foods and sweetened beverages, as well as subsidies to healthy foods, have become increasingly popular strategies to curb obesity and related non-communicable diseases. The existing evidence on the welfare effects of such fiscal policies is mixed and almost uniquely focused on tax …
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@Woodknot
#NotMyKing
#wealthinequality
#taxtherich
#wealthredistribution
This is spot on, if these elites really CARED, they would sell off the majority of the land they 'own'
they would donate some of their many huge properties to house the homeless, that might fix the problems, just saying 
I’ve long thought we need to set up person-person wealth transfers when it comes to home ownership in this country, loved learning about this version in PDX
#WealthRedistribution #housing
Some white Portland homeowners are selling at a loss to Black and Indigenous buyers : NPR https://www.npr.org/2023/05/11/1175609511/some-white-portland-homeowners-are-selling-at-a-loss-to-black-and-indigenous-buy
