I'd suggest the reason has something to do with this, @thomasfuchs
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bignose (bignose@fosstodon.org)'s status on Monday, 03-Aug-2026 22:28:02 JST
bignose
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Jiri Rybar (jirirbr@mastodon.design)'s status on Monday, 03-Aug-2026 22:27:59 JST
Jiri Rybar
@bignose @thomasfuchs I wonder how that would be done.
1. Most of their worth is in stocks. If you tax the gains, do you reimburse the losses?
2. They can move to another residency, so unless you do this worldwide, you can’t succeed.
There is a problem with big corporations, big tech, big pharma, definitely yes, but I don’t think taking money from somebody’s pocket helps here. Punishing people for being successful never helped. Regulations on big companies might.
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bignose (bignose@theblower.au)'s status on Monday, 03-Aug-2026 22:28:00 JST
bignose
Yes @jirirbr, we need to tax billionaires. Keep on taxing them, more and more. Until they are not billionaires.
Outsized wealth inevitably translates to outsized political power. The only way to remove that power imbalance, is to take away that outsized wealth.
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Jiri Rybar (jirirbr@mastodon.design)'s status on Monday, 03-Aug-2026 22:28:02 JST
Jiri Rybar
@bignose@fosstodon.org @thomasfuchs @bignose@theblower.au It’a rather funny to think these issues would get solved by taxing rich people.
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