The moment enough of us decide this has to change, it will.
Relink productivity and wages!
90% tax rate on all the cash you earn in a year after the first $10M
Close corporate tax loopholes
We can solve this, we just need to decide.
Maybe a general strike is out and we should just start a quiet friday strike, and just start extending that back through the week. Productivity just keeps falling until the wealthy decide they don’t want to suffer with the rest of us and take the fucking haircut.
Imagine if they did this back in the 60s, but using numbers.
“1 million??? Thats way too high! If I made 1 million in a year my grandkids could retire from that year. Better make it $100,000. 90% tax after $100,000.”
Today because of inflation I would say someone making $100,000 a year is comfortable in luxery, but still earning their pay.
Tie it to a percentage of the curve of what average americans make, and I think you deflate most of inflation. Because if their price for a good is $3.00, and it costs $1.25 worth of wages to make, they could raise that $3 to $5, and only give the workers $0.25 raise, which means now that item costs $1.50 to make, but sells for $5 instead of $3. This rewards ceo’s to raise prices disproportionally. Tie it to the curve, and if he raises the price to $5, now he has to pay workers $3.25. Suddenly it’s not the ceos getting rewarded for doing that. Suddenly random price hikes to please shareholders are GONE. Which means if you can’t stay profitable in a fair market, you cease to exist. You can’t just pull a short term band-aid fix to pop a stock price, and ignore consequences. Because now those consequences actually kill your company.
What we would be left with are CEOs who actually RUN their company, rather than just load the numbers. We’d have better products, better wages, and a better life.
But if we tie it to a number, our grandkids will be right back to where we are.
If I wasn’t bald I’d have been pulling my hair out of my head when I was seeing all this “fight for fifteen” when trying to argue for a minimum wage increase.
Ok we got that now, something like 10 years later so what is $15/hr now? It’s a joke…
Take your current yearly salary, multiply it by however many years you expect to live after retirement + let’s say… 10% on top for inflation, + another 10 for medical expenses. Is that number above, or below, $10M? Retirement is fucking expensive and only going up in cost.
I’ve modeled it a bit more precisely considering actual expenditures as well as social security income, projected inflation and investment returns, etc. $5MM in my pocket right now should set me up just fine.
They don’t. But at some point, you throw the rich people a bone and tell them they can be rich, just not obscenely rich. I think $10 million is a good cap.
Alright. You make good points. I agree with you. However there is a problem. Alex jones is a nutjob with no redeeming qualities. He has a base, and called on his base to blockade his house to prevent law officials from repossesing his house, his infowars platform, and anything else worth any monetary currency. Notice, I didn’t say “value” because let’s face it. It’s alex jones. What value could there possibly be with him.
Trump did the same thing with J6. Gets his base in a frenzy to do his dirty work, and uses them to attempt a coup. I fully believe the vast majority actually there on J6 didn’t even know thats what it was. They didn’t know where were attempting a coup. But they were fully prepared to follow daddy oranges commands.
My point is, yes we CAN take this country back from the rich. But we will have to fight a second civil war to do so. This civil war won’t be about racism. It will be 100% a class war. And the rich will 100% throw every brainwashed moron they can find into the front lines to die to protect their wealth.
So if we want to take the country back, we’re going to need to fight. Quite frankly, I’m looking forward to it. Either I die and stop suffering in poverty, or I get a better life. When you push the public down to the point that they have nothing to lose, don’t be surprised when death doesn’t scare them.
The moment enough of us decide this has to change, it will.
Relink productivity and wages! 90% tax rate on all the cash you earn in a year after the first $10M Close corporate tax loopholes
We can solve this, we just need to decide.
Maybe a general strike is out and we should just start a quiet friday strike, and just start extending that back through the week. Productivity just keeps falling until the wealthy decide they don’t want to suffer with the rest of us and take the fucking haircut.
After the first $1MM. Ten million dollars in a single year would set me, and likely just about anyone else, up comfortably for life twice over.
Don’t tie it to a number.
Imagine if they did this back in the 60s, but using numbers.
“1 million??? Thats way too high! If I made 1 million in a year my grandkids could retire from that year. Better make it $100,000. 90% tax after $100,000.”
Today because of inflation I would say someone making $100,000 a year is comfortable in luxery, but still earning their pay.
Tie it to a percentage of the curve of what average americans make, and I think you deflate most of inflation. Because if their price for a good is $3.00, and it costs $1.25 worth of wages to make, they could raise that $3 to $5, and only give the workers $0.25 raise, which means now that item costs $1.50 to make, but sells for $5 instead of $3. This rewards ceo’s to raise prices disproportionally. Tie it to the curve, and if he raises the price to $5, now he has to pay workers $3.25. Suddenly it’s not the ceos getting rewarded for doing that. Suddenly random price hikes to please shareholders are GONE. Which means if you can’t stay profitable in a fair market, you cease to exist. You can’t just pull a short term band-aid fix to pop a stock price, and ignore consequences. Because now those consequences actually kill your company.
What we would be left with are CEOs who actually RUN their company, rather than just load the numbers. We’d have better products, better wages, and a better life.
But if we tie it to a number, our grandkids will be right back to where we are.
I like the cut of your jib.
Annual CoL adjustments. Done.
Judge fudge the CoL numbers. Easy.
You haven’t lost your mind at all. It is squarely atop your shoulders.
Fucking exactly!!
If I wasn’t bald I’d have been pulling my hair out of my head when I was seeing all this “fight for fifteen” when trying to argue for a minimum wage increase.
Ok we got that now, something like 10 years later so what is $15/hr now? It’s a joke…
Take your current yearly salary, multiply it by however many years you expect to live after retirement + let’s say… 10% on top for inflation, + another 10 for medical expenses. Is that number above, or below, $10M? Retirement is fucking expensive and only going up in cost.
I’ve modeled it a bit more precisely considering actual expenditures as well as social security income, projected inflation and investment returns, etc. $5MM in my pocket right now should set me up just fine.
You keeping it in a mattress or what?
Hahahaha
Oh wait you think I actually have money? Let me laugh harder
But 90% tax means that $10MM becomes $1MM.
Progressive tax brackets. This hypothetical tax is only on money earned over 10M/1M.
I was being as gracious as I could be to illustrate we could fix this if the wealthy in this country were not being SUCH FUCKERS.
You appear to have missed the word “after.”
Not in our current tax bracket world.
Why does anyone need more than $10 million?
Why does anyone need over $9 million?
They don’t. But at some point, you throw the rich people a bone and tell them they can be rich, just not obscenely rich. I think $10 million is a good cap.
Typically revolutions only occur when a significant number of elites defect from the current regime.
Large numbers of dissatisfied people need a Schelling Point to rally around and coordinate effectively.
Best bet for revolution right now seems to be for more elite colleges to start withholding degrees over this Israeli thing.
50% would be fine but it should apply to all income including investments, gifts, etc. maybe let inheritance be amoritized over 10 years or something.
100% death tax on all assets over $1m excluding a single house. That my final offer.
There’s no justification for a birth lottery that awards democracy-warping levels of wealth to whoever had the evilest parents.
I like this idea but it should be something like 5 to 40 million. Somewhere in there.
Alright. You make good points. I agree with you. However there is a problem. Alex jones is a nutjob with no redeeming qualities. He has a base, and called on his base to blockade his house to prevent law officials from repossesing his house, his infowars platform, and anything else worth any monetary currency. Notice, I didn’t say “value” because let’s face it. It’s alex jones. What value could there possibly be with him.
Trump did the same thing with J6. Gets his base in a frenzy to do his dirty work, and uses them to attempt a coup. I fully believe the vast majority actually there on J6 didn’t even know thats what it was. They didn’t know where were attempting a coup. But they were fully prepared to follow daddy oranges commands.
My point is, yes we CAN take this country back from the rich. But we will have to fight a second civil war to do so. This civil war won’t be about racism. It will be 100% a class war. And the rich will 100% throw every brainwashed moron they can find into the front lines to die to protect their wealth.
So if we want to take the country back, we’re going to need to fight. Quite frankly, I’m looking forward to it. Either I die and stop suffering in poverty, or I get a better life. When you push the public down to the point that they have nothing to lose, don’t be surprised when death doesn’t scare them.
If you’re a Russian trying to fuck with us, fuck off.
Assuming you’re a legit US citizen: try talking to your fucking neighbors before you start to talk about shooting.
Everyone on the Internet seems like they’re arguing with strawmen.
Violence only in response to violence. We want to solve this without bloodshed. Only those who wish our country harm wish for a civil war.
So what’s your political leaning? I assume you’re democrat?
I’m asking because I’m saving your comment to my list of “left wingers calling for violence” since nobody believes that exists.
But I want to confirm you’re a left winger first.
What unlinked productivity and wages in the first place?
If you answer this, you’ll probably win a prestigious prize in economics.
No I won’t.
— Upton Sinclair
www.wtfhappenedin1971.com