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[-] jdr@lemmy.ml 40 points 2 weeks ago* (last edited 1 week ago)

Lots of American universities are named after the dudes who paid for them initially. I'm not saying I'd be proud to go to Bezos U (go fighting bald eagles!) but if it were free then you could hold your nose.

[-] ChicoSuave@lemmy.world 21 points 2 weeks ago

There isn't a university named after a rich dude that's free. Most are very expensive to maintain the brand value of the family name.

[-] Darkaga@lemmy.world 12 points 2 weeks ago

Harvard, Princeton, Yale, MIT, and Penn are all free if your family makes less than $200k/yr. A bunch more are free at $150k and $100k cutoffs.

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[-] BillyClark@piefed.social 28 points 2 weeks ago

Strangely, I guess, if I try to imagine myself having one billion dollars, it's just an amount of money that the only way I'd even make a dent in it is if I either was specifically making bad purchases or if I had lost my mind. (For example, just gambling it all away.)

Even if you simply threw it in a normal index fund that isn't focused on dividends, but growth, you might still make 1%, or 10 million a year in dividends. So just the dividends you accidentally make would let you live a very luxurious lifestyle.

I could imagine having one billion dollars if it was just the worth of my private company that I didn't want to split up or something like that, but otherwise, it's really just too much money. I'd be donating to charities just to keep my net worth at a level that I could look myself in the mirror and not feel like a villain, and so I'd actually be in favor of things like wealth taxes. It would just make my life easier.

I think people who imagine themselves as billionaires and are still stingy with money are either not accurately imagining that amount of money, or they're too stupid to have any amount of money, or they're villains, just like every billionaire today is a villain.

[-] PattyMcB@lemmy.world 12 points 2 weeks ago

The reason you can't be a billionaire (not saying it's a bad thing) is because you think this way. You're not greedy enough.

[-] NocturnalMorning@lemmy.world 5 points 2 weeks ago

Maybe I should get my brains scrambled, could help with the greed issue.

[-] Tehhund@lemmy.world 7 points 2 weeks ago

Someone once suggested that if you become worth $1 billion, we declare that you win capitalism. We confiscate 99% of it and name a dog park in your honor.

[-] nonentity@sh.itjust.works 24 points 2 weeks ago

Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

[-] Steve@communick.news 12 points 2 weeks ago* (last edited 2 weeks ago)

I prefer "Financial Hoarding"
It literally is a hording mentality. But because it's money, people give it a pass.

[-] chaogomu@lemmy.world 7 points 2 weeks ago

ignoring all the evil shit, Christianity was created with prohibitions on greed and pride and such.

Then in the early 20th century, rich assholes paid for a radio "preacher" to basically say that greed and pride and shit were fine and dandy. And thus was born Prosperity Gospel.

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[-] uriel238@lemmy.blahaj.zone 17 points 1 week ago

Yeah, now it's too late. Taxing the billionaires will only be undone by them as they use their vast riches to influence elections and control governments. Today's ultra wealthy has more wealth and political power than they have at any time in human history, and they are set on world domination (and enslaving the worker class until they can all be replaced with automation).

We're going to have to find a way to take all their ill-gotten gains. And rest assured, they will not relinquish it unless forced to do so. We'll probably have to pry their lucre from their cold dead hands, and that of their heirs (and their heirs).

[-] SpaceCowboy@lemmy.ca 6 points 1 week ago

Not to mention their influence on you.

Hasan Piker is currently on the front page of twitch.tv, a website owned by Jeff Bezos.

Yeah, now it’s too late.

You feel this way because the influencers the billionaires recommend you watch have made you feel this way. You're told by Jeff Bezos' boy Hasan that liberals are the enemy so you will never vote for taxing billionaires. It's only "too late" because you've been made to believe it's too late. You need to stop listening to millionaires that are being promoted by billionaires.

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[-] chiliedogg@lemmy.world 3 points 1 week ago

That's why they're working so hard on militarizing AI. As they become more and more obscene, the risk of getting killed by their own private security gets higher.

They want killing machines protecting them instead.

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[-] Professorozone@lemmy.world 16 points 2 weeks ago

Here we go again. No sources.

According to his site:

https://www.sanders.senate.gov/press-releases/sanders-make-college-tuition-free/

It would cost $70B/year.

According to this site, he makes about $9.8B/year, so even a 100% tax wouldn't do it.

The problem is how do you calculate his taxes? He's already doing that and paying his $800 or whatever it is. So you have to make assumptions about how much you would tax at 4.7%.

I therefore assumed this meant if his entire net worth were taxed at 4.7%.

According to here which tracks it real time: https://www.forbes.com/profile/jeff-bezos/

It's currently $270B.

$270B x 0.047 = $12.7B.

So no, you couldn't fund it just by taxing him 4.7%. I think we'll need to create a special tax on billionaires to cover the rest.

[-] LodeMike@lemmy.today 8 points 2 weeks ago

Wealth tax... It is extremely obvious that this would be a wealth tax.

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[-] uriel238@lemmy.blahaj.zone 7 points 1 week ago

Currently, we're subsidizing Bezos. US taxpayers are paying Amazon

And currently, a few people, including Bezos, own more than does half of the US.

[-] Professorozone@lemmy.world 3 points 1 week ago

Yup and that's probably the biggest injustice the world has ever seen. But that doesn't erase the fact that Bezos, does not have an income or even a net worth of $1.5T, which is what it would take at 4.7% to make $70B.

This meme could just as easily have said, for instance, that "just Bezos alone could personally fund this program for three years and he'd still be a billionaire. Imagine if we forced that on every billionaire." It would still make a powerful point without spreading a lie to do it. Because if you think a whole bunch of people who saw this and didn't fact check it AREN'T going to repeat it to other people, your kidding yourself.

[-] ProfessorProteus@lemmy.world 3 points 1 week ago

so even a 100% tax wouldn't do it.

Let's do it anyway.

[-] Professorozone@lemmy.world 3 points 1 week ago
[-] krisevol@lemmus.org 3 points 1 week ago

Plus it didn't explain were the money comes from. Bazos makes 80k a year, and his stocks go up in value which is why good net worth goes up. If we taxes his unrealized gains where the money come from?

[-] Narauko@lemmy.world 4 points 1 week ago

We need a way to tax when stock valuation is used as collateral for loans and revolving credit, enabling people from Bezos to have paper income of 80K and realizing gains without actually realizing gains. A general wealth tax, especially on unrealized gains, is obviously dumb, but the ghost gains loophole needs to be closed.

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[-] postmateDumbass@lemmy.world 15 points 2 weeks ago

Elon's treason and corruption would be an easier case to prosecute and confiscate his ill gotten wealth.

Especially with ICE and national security involved.

[-] Funkt4st1c@lemmy.world 8 points 2 weeks ago

Take back what is rightfully the American peoples' money from Elon, Trump, and the rest of his lackies. Use it to subsidize college, housing, and healthcare.

[-] MonkeMischief@lemmy.today 8 points 2 weeks ago

Seriously, would be near-utopia in like a year.

Imagine all the JOBS that would "create" with so many public projects to handle all at once! Public transport! Healthcare! Education! USAID! Roads without potholes! Bridges not on the verge of collapse? Think of the dams!!

Wow. Seizing the ill gotten gains of like 3 to 5 people would fix almost everything, and yet here we are. I truly can't comprehend it...

[-] DagwoodIII@piefed.social 11 points 2 weeks ago

I was at work, talking to someone my own income.

I asked him to name some things that he'd buy with a billion dollars that he couldn't get with $100 million.

He couldn't actually name one thing, but kept insisting that billionaires 'needed' the money.

[-] Natanael@infosec.pub 6 points 2 weeks ago* (last edited 2 weeks ago)
[-] MonkeMischief@lemmy.today 5 points 2 weeks ago* (last edited 2 weeks ago)

Funny enough I feel like presidents and other officials would be shockingly cheap, monetarily.

Like you'd probably see a literal "Bribe to destroy most potable water in a major city to build another data center" or something and go "Wait for real? Just for like 5 million?!"

Like they're already so rich they'll sell us all out in a heartbeat to toss 2 more gold coins into their gold coin swimming pool.

I bet they get a lot further simply with promises of access to their network of other wealthy a-holes who are influential simply because they're wealthy, and wealthy because they're influential.

There's a reason Epstein's island was a common factor to so many of the wealthy international global elite.

Ugh. 🤢

[-] porous_grey_matter@lemmy.ml 3 points 2 weeks ago

Haha, 5 million? They would do that for 50k, a fancy dinner and a first class plane ticket.

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[-] BarneyPiccolo@lemmy.today 11 points 1 week ago

But then they'll get smart, and when AI has led to a permanent 65% unemployment rate, they will demand UBI, and take it from the Trillionaires.

[-] chiliedogg@lemmy.world 4 points 1 week ago

AI is already keeping them from becoming smart. The majority of college students are having gen "AI" write their essays now.

[-] InvalidName2@lemmy.zip 10 points 1 week ago

Part of the issue here is that the damage has already been done. The taxes should have been in place a LOOOOOONG time ago to at least partially prevent getting where we are now. This is the equivalent strategy of running out the clock while you're ahead. They've done that already. Focusing on the worst of the worst is a fool's errand.

Doesn't mean we can't update the rules moving forward, of course, but you're going to find that your ideas are not as popular as you think if and when people realize they have to voluntarily make compromises. Amazon could be harmed, perhaps mortally, quite easily if everyone would stop buying from their e-commerce site and businesses would stop using their web services. Good luck with that. Walmart would cease to be a thing if everybody stopped shopping there. You know the song and the dance, but that shit's not happening.

[-] BarneyPiccolo@lemmy.today 4 points 1 week ago

THIS math may not work, but there is math that will work.

A good start is the America First Fund (irony intended), which is what we will use as seed money for the social programs that this country desperately needs to be able to compete with ever other industrialized nation.

The American First Fund is where we will collect things like the tariff repayments. Why should those go to the government, when they were stolen from the Citizens? That money should go into the America First Fund. Any corporate fines collected because of their crimes against Citizens, should go into the AFF.

And fines against corporations and Sociopathic Oligarchs should be increased enormously. The minimum fine for ANY infraction should start at $1 billion. Fines should hurt them, just like a $200 "rolling through a stop sign" ticket hurts Citizens.

And confiscation should be on the table. Corporations are to be operated to benefit the American economy, and the Citizens. If you continue to operate your business to your personal benefit alone, at the detriment of society, your entire corporation will be confiscated, and operated as a non-profit to benefit society, with any excess revenues going to the AFF. And Oligarch families who find themselves destitute because their entire estate was confiscated due to their sociopathic behavior toward their fellow Citizens, will NOT be eligible for the AAF benefits funded by those confiscations. In the future, the only homeless people will be former oligarchs who have EARNED their homelessness.

The America First Fund's level will be mentioned nightly on the evening news. When the wealthy tune in to see what the Dow/ NASDAQ/ S&P were for the day, the rest of the Citizens can see where the America First Fund stands, and the wealthy will also see it, and know that their money could be removed, and added to it at any time.

American Citizens should benefit by fines against corporations for abusing us, they shouldn't go to the government to build more bombs or golden monuments, while we're told there is no money for food or healthcare or education. Those fines belong to US, and the America First Fund makes sure those funds are spent on US, and not the Sociopathic Oligarchs who caused the fines in the first place.

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[-] FiniteBanjo@feddit.online 3 points 2 weeks ago

I'm assuming this is about taxing his Net Worth and not his Income? Because most years they have negative income, and on some years they have like $30Bn which won't be enough for free college.

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this post was submitted on 15 Aug 2026
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