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Jeff Bezos is pulling a Red Herring to evade taxes: "I shouldn't pay taxes, you should pay less taxes" (finance.yahoo.com)

submitted 2 weeks ago by atro_city@fedia.io to c/billionaire@lemmy.ca

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Crossposted from https://fedia.io/m/twnw/t/3949431

In an interview the founder of Scamazon is trying to move the discussion around wealth taxes away from himself and his Epstein class. He's only got one thing right of the "Tax Wealth, Not Work" movement namely, don't tax work. Wealth still has to tax wealth, otherwise it won't solve anything.

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[–] ChonkyOwlbear@lemmy.world 9 points 2 weeks ago (1 children)

The thing about raising wages is that it does cause inflation, but it's never 1 to 1. The public gains purchasing power which is what we sorely need.

[–] Triumph@fedia.io 3 points 2 weeks ago (1 children)

I don't disagree; I said it was a short term benefit. Because you'll have to fight every single time to get that wage raised again when necessary.

Minimum wage means different things to labor and owners. Labor means "i can support myself on this without having to worry." Owners mean "This is the least we have to pay to forestall revolution."

[–] ChonkyOwlbear@lemmy.world 2 points 2 weeks ago

In an ideal world we would peg minimum wage to maximum executive bonus pay or Senate salary or something like that. It just surprises me that all we ever hear these days to solve a problem is a tax cut when there is another big lever we haven't touched for decades.