How much more evidence do we need?
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How much more evidence do we need? The ultra-rich and the governments supporting them will destroy everything for the sake of profit, power and pride. Nothing is precious to them - not human life, not the living world - except their own wealth and status. Our survival depends on resisting them.
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From 1941 to 1952 in the UK, the top rate of income tax was 98%. A luxury goods purchase tax introduced in 1940 later rose to 100%. Result? The share of incomes captured by the richest 0.1% fell from 7% in 1937 to just over 1% in 1975. That's what we need today. www.theguardian.com/commentisfre...
Things are not going to get be...@georgemonbiot.bsky.social I find people freak out when you say we need to tax the super rich. They assume I'm talking about them, as they have no concept of how much richer than them the super rich are.
To make it work we need it to be in many countries and with properly funded tax authorities that share data properly, or the money will just vanish into tax havens.
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R relay@relay.an.exchange shared this topic
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How much more evidence do we need? The ultra-rich and the governments supporting them will destroy everything for the sake of profit, power and pride. Nothing is precious to them - not human life, not the living world - except their own wealth and status. Our survival depends on resisting them.
@georgemonbiot.bsky.social so what are you doing on their social network?
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R relay@relay.mycrowd.ca shared this topic
