I vaguely remember a guy in China who i thought lost it after the government stepped in. After finding him, Jack Ma, I see he still has billions, so I got nobody lol.
Well, there’s Marlene Engelhorn.
She
gavewill give 90% of her inheritance away.
I listened to her being interviewed on a leftist podcast, she’s the real deal. I don’t care how much she keeps for herself.
I don’t really understand how billionaires keep kissing his ring either. Do they not know what happens to oligarchs when the fascist takes power? Window jumping, polonium tea and tortured jail time are serious options if they don’t continue to kiss the ring. Putin is trump’s hero, so you don’t have to look far to see what’s in their future.
He’s taking 15% of all sales on chips to China “for the government.” Come on guys, look around.
They expect to be the ones ultimately in power, it’s really thst simple. What they are not, to a person, is smart
I don’t think so.
I think that, via Israel or the Epstein files, he just has the dirt on literally everyone. That Donald has the US military and intelligence machine is probably fairly motivational.
Yep, they are not special, and will not be special when push comes to shove.
It’s a game to them. Like feudal lords starting wars to win a bit more of power.
I wish you were right. Just look at Germany - the biggest companies that got even richer during the so-called 3rd Reich? Most of them still exist. No change.
It’s not a 1:1 comparison of course, tech broligarchs aspire to even more for one, but still - short of a full-scale revolution* there’s no reason to assume they’ll lose (a lot) if Trump loses.
The 15% is not coming directly from them so they care “less”. So they lay off a few people, it’s not their direct money.
Having the government take a company’s money and it not be a fine or taxes, is very North Korea of the republicans.
The other option would be communism, at least according to lefties’ theory, so they take the risk.
“There’s only one thing that the ruling circles throughout history have ever wanted-all the wealth, the treasures, and the profitable returns; all the choice lands and forests and game and herds and harvests and mineral deposits and precious metals of the earth; all the productive facilities and gainful inventiveness and technologies; all the control positions of the state and other major institutions; all public supports and subsidies, privileges and immunities; all the protections of the law and none of its constraints; all of the services and comforts and luxuries and advantages of civil society with none of the taxes and none of the costs. Every ruling class in history has wanted only this – all the rewards and none of the burdens.”
― Michael Parenti
It takes 6.7 million to make 200k/yr pre-tax at 3% interest(savings account or less than bonds). A 2 million investment in index funds would yield a similar result.
It’s a disease to hold anything more than that…
An important population we need to increase is ethical billionaires; and by ethical, I mean former.
Financial obesity is an existential threat to any society which tolerates it.
and by ethical, I mean former.
Correct. Beyond a certain amount wealth is obscene. Sick. Cancer.
Make it so that it costs more to lobby against being taxed than it would to just pay the taxes.
