Don’t tax the rich. Take more extreme measures.
Join your local communist party and join the revolution to overthrow these fucks and seize their fortune by force.
Folks, please don’t polarize because some rando on social media tells you to. We live in an increasingly polarizing world. I’m with you on taxing the rich and holding them accountable and distributing incomes more fairly again but PLEASE know you can be centrist AND make the change you want to see. Following identity politics in the far right or far left part of the spectrum isn’t the answer but mobilizing peope from the entire spectrum to stand up and build a resistance TOGETHER is. Don’t cut out that many people from your movements because then you’re only fewer. You lack persuasion in numbers, and for these things we need masses. Maybe I may remember you of the “let them eat cake” lady. Different times of course but you get my point
Centrism is the enabler of fascism.
Yes and no. What you say sounds like an oversimplified parole though. I’d argue how far you branch out depends on the political system your country has and the people at the top. Most of the time its good to take a stance rather than staying quiet, so you’re not an ignorant bystander. Talk to people about stuff, friends, family, posts, sign petitions. You don’t need to be far left or far right for that. Though going on the streets demonstrating can block assholes from passing laws that only benefit them and give it more urgency
This doesn’t make any sense. How are the loans getting paid back?
It’s actually a real thing.
Since taxes are paid when an asset is sold, not when it goes up in value, your net worth goes up with no tax liability change. When you die, the purchase price for tax purposes resets. Now the inheritor sells the assets. Since the sale price is essentially the same as the taxation price, there’s no taxes.
You’re borrowing today’s money against tomorrow’s value and taking the difference out of your death messing with taxes to free up the value.
From a financial perspective the time horizon for return doesn’t matter, only that the return is balanced against the time. From that perspective, the people giving the loan have no reason to really care since it makes them look good and they’ll at least not be working there when and if it goes wrong.