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Long post alert... -- If Bezos's and the other mega billionaires wanted to truly change the tax code for a top .0001% tax rate or whatever they could almost c
by dillondoyle 6y ago
Long post alert...
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If Bezos's and the other mega billionaires wanted to truly change the tax code for a top .0001% tax rate or whatever they could almost certainly get it done.
How much does Bezos spend on lobbying (not Amazon specific interests)? Virtually a 25 cents to him - .000086
Adelson spent something like $500mm over a decade and he probably has 75% or more of the 'credit' for changing pro-Isreal policy.
Bezos and the rest of them could put a few billion into treasuries and still not lose any basis just use the dividends politically.
In addition if they stopped following shareholder primacy Bezos could direct Amazon to repatriate profits continually and pay the tax. Stop relying on legal 'loopholes' to lower tax % and just pay in 'best faith' and stop pitting local governments against each other in a race to the bottom.
Hell they could even send a check to Treasury but spending only a billion $ lobbying for new laws would be more effective and longer term.
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Personally I'd like to see something like a sovereign wealth fund that benefits social security/healthcare and directly supports the bottom 40%. Look to Alaska as an example.
Each 'bailout' the taxpayers should get a % of shares for their investment, basically free money from the Fed which is supposed to make its money back anyways. Fannie/Freddit/TARP is an odd example something more like UAE, Norway but passive and only US companies
Go further and make it part of taxes for the mega corps only. 14% profit + a small % of shares annually.
We don't have to turn into CCP with control over Corporate direction. Simply hold the shares passively.
Have to figure out something where corps have no dividends. Maybe a set yearly sale %.
I think about how beneficial it would be to give $1600 cash right now and match another $1600 to each individual in basically a retirement index fund that is only accessible in ___ years or ___ first time homebuyer etc circumstances like a new type of IRA. Hell the government could take a cut in ___ years and it would pay for itself.
- acct776 6y agoThat's not his fuckin job!
- dillondoyle 6y agoI'm specifically responding to parent " He couldn't control how the response was managed and he doesn't control tax policy" saying he could easily exert a LOT of power to change tax policy if he wanted to. And could step up and pay more in taxes even without changing the laws
- acct776 6y agoYes. And I'm specifically responding and saying: That's not his fuckin job! It's ours - and our government's.
- dillondoyle 6y agoIt's his too, he is a citizen. with hugely outsized influence. I am definitely organizing for and personally committed to taxing the mega mega wealthy/corps, and so are millions more. But even working in politics my influence is like 1/100,000th of his.