Comment on Why does China have so many multi billionaires if they are aiming to be a communist country?
fisch@lemmy.world 1 week ago
We don’t need donations, we just need to tax them at the same level we’re taxing regular workers. And since their fortunes are growing at double digit rates, a small annual wealth tax wouldn’t hurt them either.
The community allows for the accumulation of wealth by providing services, security and labor. Therefore the community is entitled to a portion of the accumulated wealth in form of taxation.
No man is an island, and nobody becomes a billionaire from their own labor. Community matters.
Polisheocket@lemmy.zip 1 week ago
We need to bring back the tax brackets from the 1950’s