Dumbass should have invested.
Compound interest is your friend.
this post was submitted on 27 May 2026
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These memes and their funny numbers. Saving that long only gets you about 300 billion.
Musk has 3x that.
We are beyond tax, burn the fuckers at the stake
I highly doubt the USA will copy 1789 France.
No, it'll likely be worse, if
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This is an international problem.
The more you tax them, the more will flee to countries willing to make concessions for them. But, taxation is preferable to seizing the assets; after seizure, you will lose a massive amount of business for obvious reasons, it will cost more than you seize.
I think that corporate control would be preferable. Shell companies and their machinations are at an absurd level today, see Panama and Pandora papers for more details.
How would you fix this without international solutions? What would those be? Can't we make a deal?
Too bad we don't have a diplomatic deal maker in office
If the USA taxes Amazon, do you think Amazon will stop doing business in the USA? Do you think Amazon will do less business in the USA? No, of course not, there's a billion warehouses and distribution centers in the USA, it would be impossible to move.
If the USA taxes Jeff Bezos, do you think Jeff Bezos will go live in Panama? Do you think he will move to Africa? No, of course not, he has all his stuff in the USA that he cannot move, he would never leave.
As long as corporations/billionaires have their stuff in a country, that country can tax their stuff. It's the other side of the coin Trump is having trouble with. Trump slaps a tarrif on everything to encourage manufactuing in the USA, but corpoations don't have many manufacturing capabilities in the USA so the end result is lost jobs and raised prices for nothing. There's no manufacturing stuff in the USA and it would take a decade to make the stuff if they started now.
At a certain level of wealth, all the money is tied up in assets that are difficult to move. Those assets are assessed and used to borrow money to avoid income tax. We can use those same assessments and implement a wealth tax.
The deal should be, "Y'all have had it too good for too long. Pay your fair share immediately and indefintely."
So much of what they own is the resources of this land and the labour of the people living here. If they leave, then we get all of that back for ourselves.
Wealth flight is a myth, it is not real.
A good video that sums it up in a nice way: https://youtu.be/6DXZMXZCY0I
You can tax them by demanding the tax regardless of domicile, as a tax for selling their shit in your country.
We can fairly quickly degoogle EU.
As for small, micro, or even SMEs, atm even municipalities are competing & bowing instead of showing solidarity to others. Simple eg EU level laws are needed.
This isn't true. You have less wealth than billionaire, but you have more money.
Wealth isn't cash. And for elon he is only worth that much because we want to invest in his companies. The 2nd we don't, or he leaves or his companies fall he's bankrupt. He owes 50 billion in loans and is Tesla stock went from 350 p/e to 30 he would be broke without a single dollar moving.
I hate the conversation around this and the absolute worship they get from the media.
They have no money just stock, but they use that stock to get loans so they can have tons of money. Depending on how people want to defend them they're either loaded because they deserve it or poor and shouldn't be taxed because they can't liquidate or they'd kill the company...
It can have adverse side effects on the market and the company, but I'm reality the cost will just be passed down to the customer. The taxes will just be included in the compensation package. The money has to come from somewhere, and is is not from the open market (aka your 401k buying the stocks) it will come from the companies revenue as part is the package. It won't actually get anything off value extracted from the billionaire because we might get added tax revenue, at the cost of 401k growth, or it pops bubbles causing the wealth the vapirize when trying to realize money. Best case is we get more tax revenue at the cost of increased goods cost.
In the colloquial sense of "money", it's true. If I'm asked me how much money I have saved, I'm not going to say $0 because I don't keep cash lying around. I give the value of all of my investments (alternatively, "none of your business").
We are so far past "taxing" them. They need to be stripped of their wealth completely, not lose some extra 5% on the next haul.
I say kill them, especially the billionaires who are also chuds, then tax the surviving billionaires
It's going to come to that sooner than we think.
I thought this years events would have done it, but people are still waiting
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You can tax their existing wealth. For example an annual tax for the average wealth you held for the past year for people whose wealth exceeds a total 250 million in all assets
At this point we need to tax their wealth at a rate of like 90% or higher. Any laws that pass with the word "tax" in it is not going to go close to that number. We need to use harsher vocabulary and treat it as the crime it is imo.
Agreed. From ~1930 to the mid 60s, we were taxing almost everything over a certain amount (90+ %). In addition, corporate tax rates were significantly higher.
Besides the point really, we need a plutocrat tax/wealth tax, not income tax reform. It's one of the few direct methods to redistribute the wealth theyve extracted from the 99% and decrease inequality.
Tax wealth, not workers!
This was actually the norm during the so-called “golden age of capitalism” in the US funnily enough. The higher margins of the wealthy were taxed upwards of 90% and what do you know, it led to prosperity.
Elon musk would be in jail and broke by now if the SEC could do its job
But that would hurt the earnings of the mega wealthy, clearly can never be allowed to happen.
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Confiscate his wealth, and nationalize his companies. We paid for them, after all, they're ours. They can be operated at the benefit of the citizens.
Some clarification. Those billionnaires don't have that much money. It's the "valuation" of their assets, so it's even more fictional than actual money. Which means they can practically set to anything with enough hype, and not pay any tax, but can convert some (only some) of that fictional money to real money by getting a bank loan against it, again, tax free.
What I'm saying is, we need to get those funny number back to ground truth. Melon wants SpaceX valued at 1.25 Tn or something. Let him pay taxes over those valuations and see how valuable they really are. After all, anyone with a 800bn company should be able to afford some taxes on them, right? So fucking tax them.
You can’t tax valuation
Tell that to the property taxes I pay on my house every year. They manage to define a value even though I’m not selling and it’s still an “unrealized gain”.
That's the thing about wealth taxes. People argue that they're unworkable. The truth is that we already have wealth taxes. We just have the most useless style of wealth tax.
Instead of the ultra-wealthy paying the highest percentage in taxes, every home owner pays a similar rate. But, that means that the people who have most of their wealth tied up in their homes pay the highest effective rate. Even if it might be hard to come up with a perfect wealth tax, it would be extremely easy to come up with one that's more progressive than property taxes.
That's right, homeowners pay on unrealized gains, but not Sociopathic Oligarchs. We should flip that.
If they can tax your house based on its current valuation, they can sure tax their stocks based on their current fucking valuations.
Excuse my French, they are not my native language.
Nor are English.
“You can’t tax valuation”
Fine, the government gets 40% of your share options.
“You can’t tax valuation”
Yes you can. Capitalism just doesn't want you.
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I pay increased taxes because my property goes up in value, even if I don't sell. Same should apply to shares (to be fair there should also be tax credits when shares fall).
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You did not account for an inflation. How much todays $ is $1 from 80000y ago?
The returns on iron in that era would have been astronomical. But if you put all your money into a mastodon-powered ploughing business you could be belly up
Bout tree fiddy.
Goddam it Loch Ness Monster, I ain't giving you no tree fiddy!
Probably not as much as you'd think. The Gold Standard has not been repealed until 1971, which means inflation would only happen due to extraordinary events (like big wars). But the inflation since 1971 would still multiply your money eight-fold, which will put your saving of 82 millennia above Elon Musk's net worth.
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good luck getting an immortal to care about short-timers
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