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Cake day: June 11th, 2023

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  • Rivalarrival@lemmy.todaytoMicroblog Memes@lemmy.worldtax the rich
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    2 days ago

    Gabe’s estimated worth is around $6bil.

    That $6 billion came out of the hands of consumers, and didn’t go into the pockets of workers. That is exactly the kind of exploitation I’m talking about. I don’t have a problem with people being rich. This goes beyond “rich”. “Obscene” is the right word, but it has been used so often in this context that its meaning doesn’t even register anymore.

    That we like his products, like him as a person, and recognize he’s far less exploitative than Jeff or Elon does not mean that his business practices are laudable. Gabe Newell is not an exception. He is part of the problem.

    We’re coming for their wealth, yes, but not for their heads

    It is not particularly difficult to get rid of wealth. Gabe could gift a good chunk of his wealth to the people who actually generated it. If he chooses to unload enough of wealth to stay under the head-chopping line, we won’t need to come for his (proverbial) head.


  • The issue I have with this sentiment is that some percentage of the rich made active pursuits to deny our freedoms and destroy democracy; while others were…just quiet and uninvolved in politics.

    The act of acquiring a billion dollars worth of financial assets is itself an attack. If you have a billion dollars, you have systematically overcharged your customers, underpaid your workers, and leveraged your wealth to do the same.

    There is a term for a predator that remains “quiet” and “uninvolved” in its prey’s activities: “Parasite”.


  • It’s not even all wealth that is the problem. The problem is their wealth is held in financial assets designed to strip wealth from workers and deliver it to hoarders.

    We need a securities tax, payable not in dollars, but in shares of the security. Exempt the first $10 million held by a natural person. IRS liquidators will sell off the shares slowly over time, such that the liquidated shares will never consist of more than 1% of total traded shares of that issue.