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The rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easily
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this post was submitted on 24 May 2026
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
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- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
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I don't believe I asked you to prove it. I asked for examples of such institutions. When you say "institutions", the first thing that springs to my mind are corporate landlords taking investor dollars to buy up residential properties, and artificially inflate housing prices. That is an example of an "institution" that is contributing to the problem. That institution exists primarily to benefit the interests of corporate entities and ultra-high net worth individuals. That is an institution that should not survive in its current form.
Name some. You're assuming I'm either going to destroy such institutions, or that I will need some sort of "exception" in order for them to continue operating. I don't think this is likely. I think that such institutions would fall well within this plan. I think they could, for example, structure their portfolios to pass the security tax obligation through to the natural-person shareholders who own and control them.
For example, that abusive REIT I mentioned above is currently under the control of Problem Class shareholders. That problem class is using that control to transfer wealth from the working class to the problem class. When the Problem Class shareholders withdraw, this REIT comes under the control of Working-Class Shareholders; the kind of people who are harmed by that exploitative behavior.
Which is why I'm asking for examples. What harm do you think is going to arise from driving the Problem Class out of these nebulous "institutions"?
I gave the two institutions I'm most concerned with: Universities and Research Institutes. Perhaps I'm not sure what you mean by structuring portfolios through natural-person shareholders, but this sounds like saying this person or that is responsible for this 10Mil of the portfolio. Problematic given that it would seem to give people the opportunity to run off with large amounts of money.
While exceptions are problematic since they're either too simple or too prone to corruption, I think there are exceptions that would be hard to abuse if properly defined and restricted. For example, democratically ran non-profit limited to $10M per voting employee. Perhaps this is what you're thinking when you say structuring portfolios through natural-person shareholders; though, these are rather different in terms of who owns the money, but I suppose you could argue that technically the democratic collective owns the money, so they're the "same". That's not how I interpreted what you said, but I hope that's what you mean, and I could probably agree with that. A $10M endowment is a smidge low for some types of research, but good enough for most especially if collectivized.