Discover and read the best of Twitter Threads about #TaxBillionaires

Most recents (4)

David Roth memorably described the job of neoliberal economists as finding "new ways to say 'actually, your boss is right.'" Not just bosses: economists are a bulwark against obvious answers to our worst agonies: wages, education, health and shelter:

popula.com/2023/04/30/yak…

1/ A beautifully laid dining r...
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2023/05/16/mor…

2/
How can we solve the student debt crisis? Well, we could cancel student debt and regulate the price of education, either directly or through free state college.

How can we solve America's heath-debt crisis? We could cancel health debt and create #MedicareForAll.

3/
Read 44 tweets
#PETITION

Jeff Bezos is worth $122 BILLION dollars, while a market trader selling rice in Uganda makes just $80 monthly. Guess which one of them is taxed at 40%?

Join the global call to tax the ultra-rich now.

#TaxTheRich #TaxBillionaires

secure.avaaz.org/campaign/en/ta…
In the past few years, the richest 1% of the world have acquired nearly twice as much money as the bottom 99%.

While Elon Musk has paid a true tax rate of about 3% for years, a rice trader in Uganda paid 40%. She makes US$80 each month, while Musk is worth $180 BILLION. Image
Biden has called for a historic tax on billionaires, and with enough public pressure, he could champion the idea at an upcoming meeting of world leaders. A wealth tax of up to 5% on the ultra-rich could raise enough money to lift 2 billion people out of poverty! 

#TaxTheRich Image
Read 4 tweets
REPORT: Nearly HALF of the funding for the two GOP congressional super PACs so far this election cycle has come from just 27 billionaires.

The GOP's tax cuts for the rich and corporations are paying off for them. 🧵

MORE: bit.ly/BillionairesBu… #TaxBillionaires
The wealth of these billionaire GOP donors grew by $82 BILLION in the first two years of the pandemic. Their donations this cycle? Less than 0.1% of that gain.

They're counting on that "small" investment in anti-tax Republicans to save them billions in taxes. #TaxBillionaires
86% of that GOP billionaire money came from those who got rich on Wall Street.

Finance and investment billionaires particularly benefit from some of the most egregious special breaks in the tax code—tax breaks Republicans have been staunch defenders of. #TaxBillionaires
Read 12 tweets
BREAKING: America's billionaires have officially gotten $2 TRILLION richer during the pandemic, largely tax-free

Elon Musk's wealth alone shot up by 1,080%

Workers struggling to afford gas, groceries, healthcare are paying their fair share this Tax Day. Billionaires should too.
Billionaire wealth growth is doing great in this economy.

Jeff Bezos ⬆️ 68%
Elon Musk ⬆️ 1080%
Larry Page ⬆️ 134%
Warren Buffett ⬆️ 84%
Steve Ballmer ⬆️ 89%
Charles Koch ⬆️ 65%
Walton family ⬆️ 26%

Corporate profits are at record highs, too.
axios.com/corporate-prof…
Billionaire wealth and corporate profits are directly connected. How? Billionaires don't take a paycheck like you and I do. They make their money in stocks—and they can go decades without paying taxes on that income because right now, it's only taxed when the stocks are sold.
Read 9 tweets

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