Under a 3% wealth tax, Bezos’ first-year “fair share” exceeds *all* his liquid assets. Founders’ wealth is in their companies, not yachts. There’s nothing worth enough to sell but ownership stake. A cartoon vision of wealth is going to dismantle the strongest economy in the world
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Forget Bezos, this is essentially EVERY successful founder in the country selling off 2-3% of their stake in their own companies *every year,* regardless of performance. This is what it looks like to butcher the milk cow alive
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The appeal of the wealth tax is that it makes the rich poorer. Whatever you think about the particulars of current tax schemes, they were broadly meant to avoid creating zero-sum games. The zero-sum game is the point, here. This is a policy reverse-engineered to guarantee losers.pic.twitter.com/9atXRgUVo3
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Replying to @webdevMason
Why do you choose Bezos as an example? Wealth tax is bad, but Bezos is the archetype monopolist worse than Carnegie or that oil Rock dude. He's fusing with the state bureaucracy & help with real time tracking via facial recognition. Are existing privacy violations not enough?
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Replying to @SuspiciousPleb
If you think you understand the intracies of faiclal recognition ML because you skimmed a CNN breakdown, stop right now
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Replying to @webdevMason
No I understand that collecting the entire haystack to find one needle is retarded and statistically, an exercise in stupidity. I don't think you understand this though.
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Genuinely: no. Stop. This is sad.
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