Tax the rich -- do it now -- Start with me

Friday, January 24, 2025

Multi-millionaire Dale Vince, a green energy industrialist and campaigner, points to America as a warning: "Across the Atlantic, we see more clearly than ever what happens when the extreme wealth of super-rich men becomes an attack on the public good"

Posted by retort at 08:16 AM | 12 COMMENTS | permalink

Tax the rich - do it now. Start with me | Dale Vince

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-- The Guardian (@theguardian.com) January 23, 2025 at 6:45 AM

Comments

Oh noes....it's much more important to starve the poor and elderly than make the 1% pay a nickel more.

It's what Jesus wants.

#1 | Posted by Nixon at 2025-01-24 10:09 AM

The last round of tax cuts proved that tax revenues when up when they were enacted. Problem is always the same, when revenues go up Washington finds a way to spend it all.

#2 | Posted by fishpaw at 2025-01-24 12:34 PM

The last round of tax cuts proved that tax revenues when up when they were enacted. Problem is always the same, when revenues go up Washington finds a way to spend it all.

Posted by fishpaw at 2025-01-24 12:34 PM | Reply

Your ignorance is showing. Sam Brownback proves that wrong.

#3 | Posted by LauraMohr at 2025-01-24 12:37 PM

"The rich don't pay their fair share" argument is so tiring, especially coming from Biden when his son skipped out on a million. Jeff Bezos paid 1.4 Billion in personal income taxes, that's not enough?

#4 | Posted by fishpaw at 2025-01-24 12:42 PM

The rich don't pay their fair share" argument is so tiring, especially coming from Biden when his son skipped out on a million. Jeff Bezos paid 1.4 Billion in personal income taxes, that's not enough?

Posted by fishpaw at 2025-01-24 12:42 PM | Reply

Big whoop. Only 1.1% of his total wealth.

#5 | Posted by LauraMohr at 2025-01-24 12:46 PM

#5 I'm sure you demand a lot more from the Federal government than he does.

#6 | Posted by fishpaw at 2025-01-24 12:50 PM

The last round of tax cuts proved that tax revenues when up when they were enacted. Problem is always the same, when revenues go up Washington finds a way to spend it all.

#2 | Posted by fishpaw

How has the middle class been doing since reaganomics was introduced?

#7 | Posted by SpeakSoftly at 2025-01-24 01:30 PM

Rich. Something Fishcrack and Jeffy and Bo-@ss will never sniff.

Come at me, bro. I know what you never will.

#8 | Posted by LegallyYourDead at 2025-01-24 09:47 PM

He knows he can just give more money to the government if he wants to right?

#9 | Posted by Bluewaffles at 2025-01-24 10:54 PM

"How has the middle class been doing since reaganomics was introduced?"

They're doing ------- excellent. In inflation adjusted dollars, median household income has increased by 22% in inflation adjusted dollars.

#10 | Posted by madbomber at 2025-01-25 06:56 AM

"He knows he can just give more money to the government if he wants to right?"

He could, if he wanted to be super inefficient. He (they-the 370 millionaires) could also stop engaging in those activities that made them rich.

But if you feel like you have too much money, there is never going to be an issue with giving it away.

#11 | Posted by madbomber at 2025-01-25 07:21 AM

-Here in the UK, a tax of just 2% on assets of more than 10m would generate 24bn a year. It would affect only 20,000 people and would raise an incredible sum that would help us to invest in a fairer, more sustainable society."

Good luck.

I don't take authors of such articles seriously. It's as if they are a plant from someone like Musk to suggest an idea that has no chance of passing.

At least not in this country.

There are ways to tax the income at high levels.

unearned income for example. start going after that. billionaires who derive millions a year in interest, dividends, income from LLCs, etc.....we don't hit that hard at all. Go after that.

Taxing wealth is not something we are structured to do at all. It's an idea that is suggested on purpose so the idea dies. It's that bad of an idea.

#12 | Posted by eberly at 2025-01-25 09:23 AM

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