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Progressive Politics@lemmy.worldbyreturn2ozma@lemmy.world
17 hours

The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax

www.theguardian.com
9
    Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and education
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    • A_norny_mousse@piefed.socialDeutsch
      6 hours

      It isn’t even a continuing tax, which would be the just thing. 5%, only once. Once! To help this shithole country get back on track (yes I know it’s California only).

      But that’s already too much nuance for the masses.

      And those rich fuckers, never in their lives touched by anything even remotely resembling morals or ethics, calculate how much money they can throw at the “problem” before it becomes easier to just pay up. Hint: a lot. 5% of even only one measly billion?

      I truly hope they spend the full amount they calculated, and then the law still goes through. Fat chance, but there is hope.

      • potpotato@lemmy.world
        5 hours

        And they will still be stupid rich…

        https://www.nber.org/system/files/working_papers/w35218/revisions/w35218.rev0.pdf

        • Treczoks@lemmy.world
          9 hours

          Now you have the duty to make them spent it in vain.

          • BestBouclettes@jlai.lu
            9 hours

            A lot more then they would actually pay under such a law

            • gravitas_deficiency@sh.itjust.worksEnglish
              16 hours

              • TribblesBestFriend@startrek.website
                16 hours

                • Z745812939054@lemmy.zip
                  16 hours

                  this is the reason people fucking hate greedy filthy rich people

                  • jumping redditor [they/them]@sh.itjust.works
                    12 hours

                    shocked they aren’t spending more

                      • Drusas@fedia.io
                        5 hours

                        All signs point to Newsom being likely to veto it, anyway.

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