Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems like the country needs to take a page from the Gilded Age when we had similar income inequality and a small group of obscenely wealthy billionaires.

That's when antitrust and other legislation was passed, and it culminated with the US passing an income tax for the first time in 1913.

It seems obvious to implement a wealth tax on all wealth over...take your pick...$1BN, $10BN...something.

I mean, even mere hundred millionaires will support it (as long as they don't think it will go to down to that level). Literally, 99.8% of the population will support it.

At the very list, implement a minimum tax obligation for anyone with a net worth over whatever may be the limit. That you can't claim almost zero income because you own $100BN of stock, receive a $1 salary and you borrow against your stock to fund your daily life (which costs only in the hundred million range annually...at most).

Need an estate tax for anything over $10M. Generational wealth is turning the latest batches of trust fund nepo babies into worthless humans. If kids from an extremely wealthy upbringing with the best nutrition and education can't earn a high paying job in 40 adult years then too bad.

That's funny. Bill Gates generational wealth? Bill Gates started Microsoft like anyone else as middle class. He didn't inherit. Elon Musk came to the U.S. with $2,000 to his name.

Jobs and Wozniak started Apple in their garage. They weren't rich.

What the hell are you going on about?

Elon “Emerald Mine” Musk ?

Haha, maybe he didn’t carry any cash, but he had options.

PP — you perfectly illustrate OP point, it’s amazing!!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems like the country needs to take a page from the Gilded Age when we had similar income inequality and a small group of obscenely wealthy billionaires.

That's when antitrust and other legislation was passed, and it culminated with the US passing an income tax for the first time in 1913.

It seems obvious to implement a wealth tax on all wealth over...take your pick...$1BN, $10BN...something.

I mean, even mere hundred millionaires will support it (as long as they don't think it will go to down to that level). Literally, 99.8% of the population will support it.

At the very list, implement a minimum tax obligation for anyone with a net worth over whatever may be the limit. That you can't claim almost zero income because you own $100BN of stock, receive a $1 salary and you borrow against your stock to fund your daily life (which costs only in the hundred million range annually...at most).

Need an estate tax for anything over $10M. Generational wealth is turning the latest batches of trust fund nepo babies into worthless humans. If kids from an extremely wealthy upbringing with the best nutrition and education can't earn a high paying job in 40 adult years then too bad.

That's funny. Bill Gates generational wealth? Bill Gates started Microsoft like anyone else as middle class. He didn't inherit. Elon Musk came to the U.S. with $2,000 to his name.

Jobs and Wozniak started Apple in their garage. They weren't rich.

What the hell are you going on about?

Learn to read 80 IQ. I'm sorry you need spoonfeeding but I meant their offspring. Those people you mention are 1000 years old.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems like the country needs to take a page from the Gilded Age when we had similar income inequality and a small group of obscenely wealthy billionaires.

That's when antitrust and other legislation was passed, and it culminated with the US passing an income tax for the first time in 1913.

It seems obvious to implement a wealth tax on all wealth over...take your pick...$1BN, $10BN...something.

I mean, even mere hundred millionaires will support it (as long as they don't think it will go to down to that level). Literally, 99.8% of the population will support it.

At the very list, implement a minimum tax obligation for anyone with a net worth over whatever may be the limit. That you can't claim almost zero income because you own $100BN of stock, receive a $1 salary and you borrow against your stock to fund your daily life (which costs only in the hundred million range annually...at most).

Need an estate tax for anything over $10M. Generational wealth is turning the latest batches of trust fund nepo babies into worthless humans. If kids from an extremely wealthy upbringing with the best nutrition and education can't earn a high paying job in 40 adult years then too bad.

That's funny. Bill Gates generational wealth? Bill Gates started Microsoft like anyone else as middle class. He didn't inherit. Elon Musk came to the U.S. with $2,000 to his name.

Jobs and Wozniak started Apple in their garage. They weren't rich.

What the hell are you going on about?

10% of US high schools students attend private school. Bill Gates attended the Lakeside School, a private college-preparatory school in Seattle, Washington.

He was wealthy. Not master of the universe, but have capital from bank of dad and can take a lot more risks than most people.

Bill Gates WAS NOT wealthy.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems like the country needs to take a page from the Gilded Age when we had similar income inequality and a small group of obscenely wealthy billionaires.

That's when antitrust and other legislation was passed, and it culminated with the US passing an income tax for the first time in 1913.

It seems obvious to implement a wealth tax on all wealth over...take your pick...$1BN, $10BN...something.

I mean, even mere hundred millionaires will support it (as long as they don't think it will go to down to that level). Literally, 99.8% of the population will support it.

At the very list, implement a minimum tax obligation for anyone with a net worth over whatever may be the limit. That you can't claim almost zero income because you own $100BN of stock, receive a $1 salary and you borrow against your stock to fund your daily life (which costs only in the hundred million range annually...at most).

Need an estate tax for anything over $10M. Generational wealth is turning the latest batches of trust fund nepo babies into worthless humans. If kids from an extremely wealthy upbringing with the best nutrition and education can't earn a high paying job in 40 adult years then too bad.

That's funny. Bill Gates generational wealth? Bill Gates started Microsoft like anyone else as middle class. He didn't inherit. Elon Musk came to the U.S. with $2,000 to his name.

Jobs and Wozniak started Apple in their garage. They weren't rich.

What the hell are you going on about?

10% of US high schools students attend private school. Bill Gates attended the Lakeside School, a private college-preparatory school in Seattle, Washington.

He was wealthy. Not master of the universe, but have capital from bank of dad and can take a lot more risks than most people.

Was Peter Thiel born rich?

"No, Peter Thiel was not born rich; he was born in Frankfurt, Germany, and his family moved to the United States when he was one year old. His father worked as a chemical engineer, and they lived a modest life before Thiel became a successful entrepreneur and investor." - Google


Seems like a lot of jealousy on this site.

Anonymous wrote:

Anonymous wrote:Seems like the country needs to take a page from the Gilded Age when we had similar income inequality and a small group of obscenely wealthy billionaires.

That's when antitrust and other legislation was passed, and it culminated with the US passing an income tax for the first time in 1913.

It seems obvious to implement a wealth tax on all wealth over...take your pick...$1BN, $10BN...something.

I mean, even mere hundred millionaires will support it (as long as they don't think it will go to down to that level). Literally, 99.8% of the population will support it.

At the very list, implement a minimum tax obligation for anyone with a net worth over whatever may be the limit. That you can't claim almost zero income because you own $100BN of stock, receive a $1 salary and you borrow against your stock to fund your daily life (which costs only in the hundred million range annually...at most).

Need an estate tax for anything over $10M. Generational wealth is turning the latest batches of trust fund nepo babies into worthless humans. If kids from an extremely wealthy upbringing with the best nutrition and education can't earn a high paying job in 40 adult years then too bad.

That's funny. Bill Gates generational wealth? Bill Gates started Microsoft like anyone else as middle class. He didn't inherit. Elon Musk came to the U.S. with $2,000 to his name.

Jobs and Wozniak started Apple in their garage. They weren't rich.

What the hell are you going on about?

I’ve hated Thiel since he destroyed Gawker. I do think the tide is turning on these types. Does anyone still like Musk? Or Bezos? Or Zuckerberg? They are all so unappealing, they are perfect villains.

Anonymous wrote:Seems like the country needs to take a page from the Gilded Age when we had similar income inequality and a small group of obscenely wealthy billionaires.

That's when antitrust and other legislation was passed, and it culminated with the US passing an income tax for the first time in 1913.

It seems obvious to implement a wealth tax on all wealth over...take your pick...$1BN, $10BN...something.

I mean, even mere hundred millionaires will support it (as long as they don't think it will go to down to that level). Literally, 99.8% of the population will support it.

At the very list, implement a minimum tax obligation for anyone with a net worth over whatever may be the limit. That you can't claim almost zero income because you own $100BN of stock, receive a $1 salary and you borrow against your stock to fund your daily life (which costs only in the hundred million range annually...at most).

Need an estate tax for anything over $10M. Generational wealth is turning the latest batches of trust fund nepo babies into worthless humans. If kids from an extremely wealthy upbringing with the best nutrition and education can't earn a high paying job in 40 adult years then too bad.

Seems like the country needs to take a page from the Gilded Age when we had similar income inequality and a small group of obscenely wealthy billionaires.

That's when antitrust and other legislation was passed, and it culminated with the US passing an income tax for the first time in 1913.

It seems obvious to implement a wealth tax on all wealth over...take your pick...$1BN, $10BN...something.

I mean, even mere hundred millionaires will support it (as long as they don't think it will go to down to that level). Literally, 99.8% of the population will support it.

At the very list, implement a minimum tax obligation for anyone with a net worth over whatever may be the limit. That you can't claim almost zero income because you own $100BN of stock, receive a $1 salary and you borrow against your stock to fund your daily life (which costs only in the hundred million range annually...at most).

Anonymous wrote:Back in the day what the people wanted mattered more than what corporations wanted. That changed in 2010 with Citizens United. That decision is bearing more and more fruit with each passing year.

Republicans in action.

Anonymous wrote:Back in the day what the people wanted mattered more than what corporations wanted. That changed in 2010 with Citizens United. That decision is bearing more and more fruit with each passing year.

This.

Unless and until Citizens United is overturned, our country will be ruled by ungodly amounts of money.

Late stage capitalism is messy. I’m looking forward to getting through the shift we are experiencing rn.

Yarvin is a total moron. The idea he thinks of himself as a “philosopher” is absurd. He knows nothing of history.

Back in the day what the people wanted mattered more than what corporations wanted. That changed in 2010 with Citizens United. That decision is bearing more and more fruit with each passing year.

You know the ilk. Elon Musk. Peter Thiel. Marc Andreesen. David Sacks. Larry and David Ellison.

Personally, I think each of them are more dangerous than Trump himself. I'd say Thiel most of all because he and his fascist whisperer, Curtis Yarvin, are behind it all whereas Musk is too ketamine addled and unstable to have a grasp on everything in the long run. these people especially Thiel are anti-democracy and anti-humanity. Their end goal is techno-feudalism in which AI replaces most jobs, but instead of a benevolent utopima where everyone gets a universal basic income and doesn't have to work, you will be basically live like feudal peasants and own nothing and live at the mercy of the tech overloards.

So that's my take, and it seems like for the most part, most people across the political spectrum do not look favorably on these oligarchs. Unfortunately, we don't have a critical mass opposing them, certainly not in the French Revolution sort of way. There is still enough of this delusion that they are the embodiment of the American dream, that they each deserve their wealth, they earned it, they are innovators and job creators etc (never mind the fact that they are doing the opposite of job creation right now). I honestly want somebody to explain this to me. Even the most hardcore libertarian capitalist shouldn't like the oligarchy, because by nature this isn't a free market, it's an anti-competitive oligopoly.

I'm center-left. Left by US standards, center-left internationally. I believe in markets, regulated markets, with essential things like healthcare to be nationalized, but with private options for expedited and high end services. But I'm not a socialist in the definition in which the state owns everything. I believe in competitive markets and especially, healthy small businesses. But the way I see it, the tech oligarchy resembles more of a state-socialist system like North Korea or the USSR, except it's not the State or the Communist Party owning everything, it's the Tech Oligarchy owning everything. They own the media, the public square, the utilities by which information is exhanged, and this is very, very dangerous.