But a report released by Americans for Tax Fairness (ATF) on Thursday shows how “billionaire nepo babies” don’t just waste their families’ fortunes. They also benefit from “a rigged system” that allows them to “pass that wealth down over generations without being properly taxed–often without being taxed at all.”

28 points

I’ve heard of the stepped up basis and “buy borrow die” before. Pretty fucked up

Maybe more of them should visit Manhattan, if you follow.

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2 points

Yeah, it really should just be taxed at death at whatever the deceased’s tax rate is before distribution, and that should go for all property.

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19 points

Let’s keep beating this corpse shall we? We all know. Apparently the only path that garners change is Luigi’s.

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19 points

Luigi is the inevitable end result. It’s what happens everywhere. Unions and negotiations are pretty strong in Europa because the alternative was workers burning the factory and the boss’s home down with the boss and their family still in there.

Or the nation turns into a complete police state and things get suppressed for a long time to get even more violent somewhere down the line.

It’s the bass line of history.

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3 points

I like to think that it’s the bass line from “Another One Bites the Dust”

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2 points

European be like

https://song.link/i/1185439085

BTW: nice bass line

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2 points

If we stop beating this corpse, we’ll all just be corpses.

The end result of their tyranny is blood, and a lot of it. We can either stop it now, or wait for it to get worse. The for profit heathcare industry needs to end.

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1 point

Except we don’t all know. Trump, the poster child for nepo babies, won the popular vote.

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1 point

Yeah and he is pissed his massive propaganda machine still barely won him that in reality. Only Sith deal in absolutes.

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1 point

I genuinely don’t know what you’re trying to say.

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14 points

A public good is a commodity or service that every member of a society can use without reducing its availability to all others. Typically, a public good is provided by a government and funded through taxes.

Examples of a public good include a town road, park, or school. National defense is a public good. A public good may also be a basic need such as access to clean air and drinking water.

Investopedia

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16 points

And in most developed countries, healthcare.

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5 points

I already was blaming them for everything.

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3 points

The average American will earn between 1 and 2 million dollars in their lifetime. That means if we tax billionaires based on net worth a measly 0.5%. The revenue coming from Bezos alone would be enough to support 500 Americans for a lifetime.

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