Comment on A Tax of 5% on The World’s Multi-Millionaires and Billionaires Could Raise $1.7 trillion, Enough to Lift 2 Billion People out of Poverty

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Allonzee@lemmy.world ⁨3⁩ ⁨months⁩ ago

I hear you, and it’s tragic that the fight doesn’t end with taxation.

That said, capital at the level of the owners is an expression of power, power to keep the world rigged, buy governments/regulators, protect monopolies, etc.

If that money was somehow (im not holding by breath) taxed/confiscated from the world’s immoral owner class, transferred into paper currency and incinerated, it would still be a good day because the power dynamic between them the 10s of thousands and us the billions will still be measurably improved.

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