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.
this post was submitted on 27 May 2026
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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.
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I say kill them, especially the billionaires who are also chuds, then tax the surviving billionaires
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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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Or the FBI (public emails where he begged Epstein to let him into the parties; also the election interference), or the FTC, or the EPA (Tesla plants piping battery waste into water supplies)...the list goes on
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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 right, homeowners pay on unrealized gains, but not Sociopathic Oligarchs. We should flip that.
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“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.
If they are using the "unvested" assets for something, like getting a loan with them as collateral, then we should treat it as if they realized the gain.
If you use stock as collateral to get s $1mm loan, that should be treated as income.
If they then sell the stock and get taxed again.... I don't think I really care.
We tax valuation all the time! Property has a valuation and we levy taxes on how much it's worth.
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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.
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).
Personal loans against business assets should be taxed. The repayments can then be tax deductible so they are not double taxed. Without taxing these loans, it just creates a tax loophole where you avoid income tax.
As for company prices being inflated, to some extent, who cares? As long as they don't get a bailuot when the bubble pops, it's the investors issue.
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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.
We are beyond tax, burn the fuckers at the stake
Just after a few days it would be life changing money for me
But at 1% pa interest you'd surpass all of humanity combined, even at measly savings contributions
Compounded gains truely are the wonder of the financial world.
If you put $1 in the bank 2777 years ago, at 1% a year you'd have $1t now, handily beating musk. At 5% pa it would take a mere 567 years! Easy! A bit of sensible financial planning by your great-great-great-something grand parents would have seen you very comfortable now.
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Another way of viewing it is that if Elon Musk spent $10k every day since the ice age, he would still not be out of money.
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It's about 200,000 years saving 10k per day now. He's rapidly approaching a trillion in net worth.
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And yet Musk is still fucking miserable.
In case anyone wanted to know the number, it would be ~~$820,260,000~~ $ 299,395,000,000 by 2026
Edit: read the fucking thing wrong, it’s every day not every year mb
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You did not account for an inflation. How much todays $ is $1 from 80000y ago?
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But it's not real money! 😭👅💦🥾
These memes and their funny numbers. Saving that long only gets you about 300 billion.
Musk has 3x that.
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