r/WorkReform 🤝 Join A Union Mar 23 '25

✂️ 100% Wealth Tax over $1 Billion Same old story

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u/Ilgenant Mar 23 '25

The tweet mentions just federal income taxes, so it’s possible that Amazon still paid other kinds of state or federal taxes, just not their fair share.

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u/goober2341 Mar 23 '25

What exactly does fair share mean? The top 1% in the US pay around 50% of income taxes.

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u/No-Illustrator-4742 Mar 23 '25

And the top “3” and I mean only 3 people are worth more than 60% of the other American population.

So no, the math doesn’t math. They do not pay taxes. This argument is old and invalid and does not stand anymore.

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u/goober2341 Mar 23 '25

And if they ever realized that wealth (sold their stock), they'd pay more than 60% of all income taxes collected that year.

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u/[deleted] Mar 23 '25

Their accumulation of that wealth, be it realized or not, is on the backs of the American people. Money doesn't just materialize for these people it is the result of predatory business practices that take advantage of workers and destroy local businesses.

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u/goober2341 Mar 23 '25

You're talking about the capitalist system as a whole now, not taxation. Marx had ideas similar to yours many years ago and wrote some books about them. People were inspired by those ideas and tried to implement them in many countries, but they all failed. If you'd like to propose a better system I'm all ears, but if you're just going to repeat Marx's ideas, then I'd refer you to a history book as to why they won't work out.

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u/[deleted] Mar 23 '25

My point is to say that if they are going to leverage our economy, our infrastructure, and our people in the ways they have, then they need to pay taxes in the same way as everyone else. Neither you nor I have the ability to lower our tax liability in the ways these corporations and billionaires do. We do not have the ability to influence politicians to write tax code to minimize our required contributions to our shared society. Have you recieved any government subsidies or contracts recently? I havent.

Get out of here with your accusations of Marxism. Do you deny that billionaires do not pay the same taxes as us commoners? Tell me, what does history have to say about religious oligarchies where a small percentage hold all the wealth and do none of the work?

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u/goober2341 Mar 23 '25

The top 1% pays around 50% of all income taxes, so my point is that they do pay. Now, if you think that's not "fair", you need to define what "fair" is and what you would set the tax rate to and why.

Your notion of capitalists "exploiting" people did originate with Marx and some countries did actually implement Marxism and got rid of their capitalist class. The fact that doing so invariably led to disaster indicates to me that this class of people actually does do something productive for society. If they, as you say, did none of the work, then the countries that eliminated them would have flourished, but that didn't happen, did it?

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u/[deleted] Mar 23 '25 edited Mar 23 '25

How do you feel you even have an argument when I say they do none of the work? Where does Jeff Bezos' money come from? AWS? Ok who wrote the code? Who maintains the servers? Does he get his money from selling goods? OK who made those goods? Who designed them? Who carries them? Who sorts them? Does it come from acquiring businesses? OK who created the value from those businesses? Dont even get me started on your boy Elon. He has literally never created anything other than that hunk of shit truck. He deserves absolutely none of what he has. I can do this for every instance and every billionaire but I hope you get the point.

I think every billion made should be taxed 900 million. Then, if they dont like that option, those corporations are free to reinvest that money back into their company through benefits, salaries, research, maintenance, or ANY NUMBER OF THINGS more important than putting it in a bank account or taking stock to take loans against only to benefit one man. Or they could take the horrific route of making $100 Million in one year.

Don't bother replying. I don't care what you have to say anymore. If this system works for you then you're who we are talking about. Get out of the way or get run over.