The US debt could be eliminated with the wealth of the 26 richest Americans*
Hell, you could take the top 27, leave each $2B and still clear the debt. You wouldn't even get anywhere near Trump on the list.
Instead, we're firing tens of thousands of government workers and killing millions by ending overseas aid (allegedly for budget reasons).
*per the Forbes 2024 list, they're richer now
This allowed Republicans to approve a massive tax cut for rich people, so the billionaire masters of industry could urinate upon the peons below them, through the majesty of trickle down economics, just like the robber barons of old.
38/x
You know you can tax the rich right now, right? Just shift where you spend your money.
Support your local coffee shop instead of a big chain. Shop at farmers' markets. Eat at local restaurants. Buy from mom-and-pop stores. Choose independent brands over corporate giants.
Yes, it might cost a little more, but you're redirecting money away from corporations that thrive on low wages and putting it straight into your community—where it can grow, support jobs, and build something better.
You are effectively taxing the rich.
Elon Musk Rewriting Computer Code Powering Social Security, What Could Possibly Go Wrong
https://www.wonkette.com/p/elon-musk-rewriting-computer-code
TeslaTakedown — join the March 29 GLOBAL DAY OF ACTION - Action Network
Really, only 80 people think private jets should be taxed appropriately? 
https://petition.parliament.uk/petitions/707608
#ClimateChange #FlightFree #TaxTheRich
For those who weren’t paying attention in economics class: when poor people earn money, they spend it and boost the economy. When rich people earn money, they stash it away in offshore accounts, where it does nothing but gather interest. Tax the wealthy. #auspol #Australia #TaxTheRich
Arrest Of Elon Musk For Felony Vote Buying Demanded In Wisconsin
www.politicususa.com/p/arrest-of-...
#ArrestMusk #DeportMusk #NoNazis #StopFascism #TaxTheRich #NoBillionaires #WealthTax #OpposeTrumpsAmerika #GOPFourthReich #SaveDemocracy
Arrest Of Elon Musk For Felony...
https://www.thenational.scot/politics/25044138.rachel-reevess-new-austerity-cruel-thatcher-era/?ref=eb&nid=1948&block=article_block_b&u=48e464734a0347793bfd182a2fe7982c&date=280325
The TRUTH about #Liebour parasites and their cruelty and inhumanity! They refuse to #TaxTheRich because they are in their criminal pockets and pay! They'd rather like the parasites and cockroaches they are attack the disabled, sick and vulnerable and increase poverty, injustice and child poverty too! And also deaths and homelessness!
#Maine #billionaire makes it onto list of richest Americans
by Bill Trotter, Bangor Daily News
Fri, November 1st 2024
"In what may be a first, a Mainer has been named by Forbes Magazine as one of the 400 wealthiest living Americans.
"Susan Alfond, a Scarborough resident, is one of three surviving siblings whose father was Harold Alfond, the founder of Dexter Shoe Co. Susan Alfond and her brothers, Bill and Ted, each are estimated to have personal wealth of $3.4 billion, ranking them alongside a few other billionaires in 388th place on the list of 400.
[...]
"There are several other billionaires on this year’s Forbes 400 list with ties to #Maine, most of them because they summer at seasonal homes they own along the coast.
"The wealthiest of them is Edward C. Johnson IV, whose wealth is estimated to be worth $12.6 billion, ranking him as the 70th richest American. Johnson, whose grandfather, Edward C. Johnson II founded Fidelity Investments, has a summer home on Mount Desert Island, and his father, Edward C. Johnson III, long owned property and summered there.
"Edward C. Johnson III, who died in 2022, ran the investment firm until handing the reins to his daughter Abigail Johnson in 2014. Abigail Johnson ranks 30th on the Forbes list with an estimated wealth of $31.3 billion, but it is not clear if she or a third Johnson sibling, Elizabeth (who Forbes says is worth $10.6 billion), also owns property or spends summers in Maine.
"Other billionaires who rank on the Forbes list and own summer homes on MDI include brothers Stephen and Mitchell Rales, Charles Butt, and Robert Bass, each of whom has an estimated wealth roughly between $5 billion and $9 billion.
"John C. Malone, the founder of Liberty Media and one of the largest landowners in the country, owns Mosquito Island off Port Clyde and a summer home in Boothbay. Malone, who with an estimated wealth of $10.7 billion is ranked 89th on the Forbes list, also owns nearly 1 million acres in Maine, including Falcon Lodge on Spencer Lake in Somerset County and surrounding woodlands."
Source:
https://wgme.com/news/local/maine-billionaire-makes-it-onto-list-of-richest-americans-susan-alfond-forbes-magazine-dexter-shoe-co-harold-alfond
#TaxTheRich #RichMainers #billionaires
#TaxTheRich, it’s a decent start
Posted by Bluebird | Mar 12, 2025
"As incredible as it may seem, just a handful of #billionaire #Mainers could fund the state for years out of their own pockets and still live out their lives as multimillionaires. So when socialists say tax the rich, we mean more than raising what billionaires pay by 1% or 2%, we mean raising their taxes by 25% or 50% or more to start with. We mean we should take back the wealth they have collected by exploiting all the people who have worked for them, all the land they have stolen, and all the resources they have grabbed all around the world. In the meantime, socialists often support smaller measures whenever we feel like they are a way to raise funds to help our class, raise consciousness, and build organization.
However, increasing taxes on the wealthy isn’t a permanent solution to the persisting problems of #capitalist society. It’s a good start, but it’s not enough.
[...]
"By all means tax [the wealthy] at a rate of 95%, 99%, 100%, 200%! Take back everything they have stolen from us. Truly solving the causes of social inequality cannot happen until the property of the capitalist class has been expropriated, but for the reasons explained above, simply taxing them at any rate will prove ineffective given enough time.
"Moreover, tax increases tend to antagonize capitalists. Sooner or later, as we are seeing very clearly now in Washington, they will transform their economic might into raw political power to claw back even the small social costs that generations of #SocialMovements and trade unions have imposed on them. During such times, as grim as our prospects may seem, it becomes clearer than ever that so long as the capitalists have all the power, even the most progressive public policy can only be temporary.
"How much longer will capitalist industry be allowed to #pollute the planet? How many more times does the economy have to crash? How many more wars will we be forced to fight on the behalf of these #RobberBarons? How many more lives will be ruined by #debts, mass #layoffs, denied insurance claims, and more? Why should we tolerate a system that exploits those whose labor keeps society functioning?"
Read more:
https://pineandroses.org/opinion/www-pineandroses-org/
#MaineDSA #Socialism #CapitalismMustDie
The only mechanism in economics that provides a trickle-down effect is taxation. #TaxTheRich
#Trump #FakePopulist
#Taxtherich
This is Ben Norton deconstructing Trump, his intentions, his policies and how they are made to hurt the very people who voted for him.
"His administration includes 13 billionaires...and he is cutting taxes on the rich and corporations while imposing a consumption tax on the poor through tariffs"
If Trump wanted to Make America Great Again, according to historical tax rates, he'd have to tax the rich. End of.
I just signed the petition “TAX WEALTH – DON'T CUT DISABILITY SUPPORT” and wanted to see if you could help by adding your name.
Our goal is to reach 5,000 signatures and we need more support. You can read more and sign the petition here:
Thanks!
Jules
#petition #costoflivingcrisis #CostOfLiving #taxwealth #DisabilityRights #rachelreeves #tax_the_rich #taxtherich #tax
No one likes to pay tax. But we see where the money is piling up - and that is where the tax increases should be.
The rich know they and their companies have been freeloading, with the lowest tax burden in decades. They'll scream and make political trouble, but they'll pay. It just takes will.
I've not been very impressed w #Labour , but tax rises on pensions >£1m and corp payroll are good moves (IMO). More #TaxTheRich increases, please.
Digital services make billions in profits and very high margins.
For that reason alone, they should be taxed at a time of falling gov revenue and a cost of living crisis
The #WealthGap isn’t just growing - it’s exploding. Wages stagnate while profits soar.
A few billionaires control more wealth than all the other people combined - and with that, billionaires control politics and who is in government!
#UBI doesn’t “punish success” - it ensures #everyone has a chance to succeed. Because no one should have to beg for basic survival in the richest era in history.
