Work Reform

I would rather have 1000 millionaires than 1 billionaire

Financial obesity is neurotoxic, an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

So we can hit them with 5% every month

Billionaires should be illegal. That's wages stolen from the workers.

It’s literally impossible to allow this to continue. Something will give.

In our next lives we should all strive to make sure THAT NO ONE HUMAN HOLDS THE WEALTH OF NATIONS.

Even a 2% ANNUAL wealth tax would not take anything away from them, it would just make their wealth grow SLIGHTLY SLOWER.

Its way cheaper for them to buy the politicians, and these people will never miss an opportunity to optimize the number in their bank account. The system won’t change without some serious turbulence.

I misread it as 31 years ago. But when I saw 31 days I was like... And of course they are opposed to it!

Sadly I predict this won’t pass. The traditional media like tv commercials is flooded with propaganda to vote no on this. Newsom, Becerra and Hilton are all saying to vote no (that should be the biggest clue that you should vote yes) The commercials offer different and conflicting narratives as to why you should vote no (another clue you should vote yes) And there are NO commercials telling you to vote yes. (That should be another clue, those who control the media do not want this.) The only news available telling you to vote yes is Bernie Sanders visiting California for some sort of rally. But those supporters also tied in props 41 and 42, pushing for a “no” vote on those, which I think might have been a mistake and hurts their message.

Shareholder primacy is fundementally broken. We must tie ownership back to the direct stakeholder of each firm. Shareholders dont care about goods, services, or utilies; they only care about line go up.

The math is a bit counter intuitive, but increasing by 5% then decreasing by 5% of the new value does not get you back to the start exactly.

You take a value v, increase it by 5% to 105% of the previous you now have 105% * v. Now you take that new values as the basis for the next calculation, and decrease by 5% to 95% of the previous, you now have 95% * 105% * v which is actually 99.75% * v.

You need to find the day from which their wealth increased by 5.263% so that a 5% tax would bring them back.

But yeah, whatever it doesn't make a material difference to the argument. A one time tax sounds a bit weird to me, but I don't live there, Californians should do whatever they can. Maybe a one time tax is a good first domino stone.

It's like a disease - dragon fever.

The wealthy and powerful want to keep their control over people with the "good insurance" that many still have financial issues and bankruptcies with it, which is wrong. Reducing this scarcity along with others like paid leave helps people live better lives, and the owners don't want that.