Real #TaxReform
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"A 100% tax on wealth over $1B would get a total of $0 during the short period before it's repealed."
Yes, initially.
This is why it must be incorporated into the #OECD's #BEPS initiative.
Most member states agreed on a minimum tax for multinational corporations.
Non-compliant small tax-heaven states are blacklisted and suffer consequences.
This is the way to go.
The...
@unktheunk @almaember @gwit @dung_eater @palestine @NoFlexZone @Lastresponder @Outpatientzero
@TruthSandwich@sfba.social @unktheunk @almaember @gwit @dung_eater @palestine @NoFlexZone @Lastresponder @Outpatientzero
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...average of only 3.4% in taxes the richest 25 Americans have paid is just ridiculous.
The goal must be to reappropriate and redistribute wealth above 1 bn (500 mn in smaller countries) for the People.
Much of this wealth creation (e.g. fossil fuels) came by exploiting earth's resources, which belong to all living creatures...
@TruthSandwich@sfba.social @unktheunk @almaember @gwit @dung_eater @palestine @NoFlexZone @Lastresponder @Outpatientzero
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...on the planet, often by bribing government officials.
And, yes, #BigTech is also a prime example for this: The increasing amount of drinking water needed for cooling their ever-more demanding datacenters* are a case in point.
Drinking water should cost a whole lot more for industrial devourers of natural resources.
*
https://mastodon.social/@HistoPol/111697963567675251
//