Every working-class citizen voting for a representative that does not support this should take a long, hard look at themselves.
this post was submitted on 03 Mar 2026
137 points (99.3% liked)
News
36270 readers
2568 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
if the goal is wealth distribution, we should really be going to the root of the problem.
how do these people become billionaires in the first place? wage theft, environmental destruction, corporate welfare, low corporate tax and loopholes, bailouts, poor worker protections and benefits, etc....fight these problems and legislate benefits for workers in the first place instead of trying to take the money back after the fact...
as much as i love taxing billionaires and seizing wealth, i think getting to the root of the problem is better optics and maybe more palatable to people
Rentier economy
You can do both things.
This would cover the billionaires that exist today, while your approach would cover situations where they are being manufactured.
Both approaches are required here.
We need to raise their taxes to compensate for how much control they have over the system. For example, we can't just increase the minimum wage because businesses will raise prices, often beyond whatever additional spending power was given to workers.
The reason why taxing our rulers isn't palatable is because we're stupid. Until we climb over that hurdle, we shouldn't expect things to improve.
When are they going to "suggest" an Article II removal?
No shit fuck the bills that we all know die on arrival. Until Trump and his scum are removed we can't have any good things.
I sure wish the article had details on exactly how the tax would be assessed. Net worth is just an estimate of the value of all owned assets, not the amount of cash they have.
Net worth is just an estimate of the value of all owned assets, not the amount of cash they have.
Given that billionaires get their spending cash by taking out low interest loans against the assets (and paying off those loans with other loans), that's irrelevant.
When you get above half a billion or so in illiquid assets, you unlock the Unlimited Untaxed Spending Cash Forever hack.