Every country would need to adopt a universal taxation of wealthy individual for increased taxes to work. What I am saying is if US has a 75% for those earning over certain amount. Then other countries have to do the same. If not then Billionaires will run/relocate to the cheapest taxes. Which would be easy since the country they move to will be happy to get Billionaires tax money.
this post was submitted on 09 Aug 2025
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Or. If billionaires leave the USA. We seize their properties and industry in the name of national defense.
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Is any of that because what would have been half their worth 15 years ago is now less than half of what it would be?
Like, if someone had 100 billion in 2010, and did give away 50 billion in that time, but also made a further 20 billion in that time, did they give away half their worth or not?
I've not read the article, so maybe that question is answered in there.
Pikachu Face
Or their wealth has grown so rapidly that they gave away half of their 2010 wealth?
Pledge
Words are meaningless.
This article has slightly more dirt but still seems a bit vague on hard numbers and names.
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As though a wealthy person would speak the Truth...
Look, I'm fully aware that this won't sit well with the billionaires are horrifying monsters that not only should be slain but should be strung up in the town square and be given the blood eagle...BUT if you're going to make the argument that traffic fines or any other monetary penalties should be a percentage of your net wealth or yearly income, then you have to acknowledge that giving away half of your lifetime earnings is a tremendous act of good will.
Now--there is a difference between me giving up $5000 of my roughly $11,000 in liquidity. We still have around $40,000 in student loan debt and $120k in a 25 year mortgage while we make about $100k per year. And these billionaires could still buy a second house in Cabo with a helipad using what is remaining, but it is SOMETHING. If they truly are "spurning" their billionaire status they should start with giving away half their fortune and continue to give away half their yearly income on top of that, but I won't totally disregard the contribution that they've already made. Unless they're republican. Then I'm nearly certain that money is going exactly where it shouldn't.
billionaires... should be strung up in the town square and be given the blood eagle
Meh. People are always saying blood eagle this and blood eagle that. Of all the ways to die, the blood eagle isn't all that bad. Once the lungs are pulled out, that's it. You choke to death within a minute. All the good tortures last at least hours; look at crucifixion, which sometimes dragged on for days. The description of scaphism (which was written by someone who allegedly often stretched tales) said the longest one was 17 days, I think.
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Wow the greediest scumbags on the planet lied about giving up their ill gotten power? I'm shocked! SHOCKED! \s
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