I know its just a start but its good to see tha Australian government introducing new taxation on retirement savings over $300 million.
this post was submitted on 31 Jul 2025
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In America we'd call that a War on Retirement, smear the politicians with ads, and ensure all the poor red states vote against it because it's a attack on freedom.
Even if you buy the (nonsense) idea that billionaires are actually creating all the wealth, the idea that if you raise their taxes they will just stop their wealth-creating activities is utter rubbish. If you took away more of their money, they would have to work harder to maintain their standard of living - thus creating even more wealth.
It's always funny how the state is powerful enough to enforce a mass surveillance and control system on anyone who wants to use internet. But when it comes to tax the rich "it cannot be done, it's too difficult".
And yes, I'm looking at you """""""labour""""""" party.
We don't even need a mass surveillance system. We can see where their wealth is, it's not secret at all. They don't even need to come forward if they don't mind us keeping it.
"BUt iF we EnFoRCe our lawS, tHEy WiLl Go soMWHerE eLSe."
And they will, except the value created is not from somewhere else.
It's not this, it's that you don't actually have democracy when all your representatives are from a small pool of career politicians. That pool can be (mostly) groomed and bought long before getting a chance to be elected anyplace. It can also be threatened. And compromised in fucking children or murdering prostitutes. All kinds of stuff.
Suppose you have a direct democracy element, then you have to buy\threaten the majority, and this won't be a secret. And threatening the majority is very hard.
Here you can do all these things without ever getting a feedback. It's important to create feedbacks everywhere, if a system doesn't give feedback, then you don't know anything about how it really works.
That's an interesting argument for direct democracy, which I haven't heard before.
I've used it as an argument for libertarianism initially, because direct democracy is kinda impractical (thought me back then, LOL), but having grown up a bit I see the need for big militaries and in general synchronous pooling of resources, which libertarian models are notoriously not very good at.
But right now things just as impractical as direct democracy are implemented everywhere, so times have changed.
One of the suggestions should have been "venmo donations"
https://www.theguardian.com/us-news/2025/jul/25/venmo-americans-us-government-debt
Go look at "Wealth to Scale" if you haven't already: https://dbkrupp.github.io/1-pixel-wealth/
The amount of money the rich have is obscene and hard to visualize.
I had seen this version that uses Bezos instead of Musk.
I'm glad they've updated it but it's too bad that some of the sources are dead link. Like this one that's supposed to explain how the government can still put to use wealth that's in stocks rather than cash.
Even Warren Buffet advocates on raising taxes on the rich, and called out the nonsense that doing so stop businesses and individuals from investing.
i think every somewhat sane person sees it that way. trump and the oligarchs are just grifters
Dont forget their other suggestion:
Every citizen can donate more money to reduce the national debt.
Cha right!
From an MMT perspective… we really don’t need to reduce the national debt. So many useful people, skills, and resources are being poorly utilized.
We could deficit spend to boost green energy, education, housing, mass transportation infrastructure, etc. and have a better economy on the other side of it.
Instead, we’ll continue to spend on stagnant, monopolized sectors and also refuse to tax billionaires to lessen the harm of these bad investments.
And then we’ll pretend that welfare austerity — ripping away the last shreds of buying power from the lower classes — is somehow fiscally responsible, despite the obvious reality that an economy where nobody can buy or make anything is doomed to death spiral.
OP gets arrested and thrown in Gitmo