CosmicTurtle0 comments on The new American retirement fear: working until you die

A Boring Dystopia

17,818 readers

4,653 active

148 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--If a picture is just a screenshot of an article, link the article

--If a video's content isn't clear from title, write a short summary so people know what it's about.

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 3 years ago

moderators

[–] CosmicTurtle0@lemmy.dbzer0.com 37 points 2 weeks ago (8 children)

I want:

universal basic income for everyone
food security for everyone
housing security for everyone that wants it
Medicare for all
3 day work week

To pay for this:

make it a crime to have wealth over $500M. Anything over that and the government gets to seize assets until total wealth is $50M.
tax corporation earnings, not profits, at progressive rates.

permalink

fedilink

source

hideshow 8 child comments

[–] kaosterra@sh.itjust.works 1 point 2 weeks ago (1 child)

I also like the tax wealth not work approach, but taxing earnings would be like taxing work, wouldn't it? With the wealth tax, if profit is re-invested, wouldn't the stock price go up, hence getting the owners closer to the wealth gap? (Asking from a place of ignorance)

permalink

fedilink

source

parent

hideshow 1 child comment

[–] village604@adultswim.fan 4 points 2 weeks ago* (last edited 2 weeks ago)

They'd have to relinquish stocks or other assets if it put them over the limit.

Although in my opinion it would be better to tax loans using investments as collateral (that cross a cumulative yearly threshold) as realized gains and income.

The threshold could be a variable like 50x the annual take home pay of the bottom 20% of earners. That way for cheaper loans, people need to be paid more.

Edit: my variable would be about $1.6m right now.

permalink

fedilink

source

parent

load more comments (6 replies)