World's richest 1% gained $40 tn in a decade: Oxfam
World's richest 1% gained $40 tn in a decade: Oxfam
![Embed prevented alt text](https://sh.itjust.works/pictrs/image/ab32c1ba-079a-404a-96d6-7a439c7e8dcf.jpeg?format=webp&thumbnail=256)
You're viewing a single thread.
Its a built in feedback loop. Under capitalism, resources are distributed based on capital. But capital is a resource. So its naturally going to concentrate.
We need hard caps on wealth
49 1 ReplyNot sure how you achieve that in a world with multiple nations though. Capital is naturally pretty mobile.
5 2 ReplyG20 is currently holding negotiations to start imposing a minimum tax on billionaires, guess which country is against that...
23 1 ReplyVatican City? Please, please be Vatican City.
(I know it isn't)
7 0 Reply
Capital is naturally pretty mobile.
Ban export of capital.
2 0 ReplyHow do you see it play out if we say, in the US, any wealth over the cap gets taxed away.
2 1 ReplyIt will only cause more capital to go to tax havens.
2 0 ReplyStill count it towards their wealth
2 1 Reply