this post was submitted on 16 Feb 2026
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A Boring Dystopia

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[–] Jankatarch@lemmy.world 9 points 1 month ago* (last edited 1 month ago)

And they benefit the most from taxes too.

Public education gives me better opportunities.

Public education gives them thousands of literate employees who can do basic math, think logically, use technology, and learn anything new.

This applies to everything from building roads to government scholarships and health programs. They benefit much more from the military too.

[–] Formfiller@lemmy.world 6 points 1 month ago

They also have bank accounts here and in the Cayman Islands

[–] deHaga@feddit.uk 5 points 1 month ago* (last edited 1 month ago) (6 children)

If all the assets are secured by loans, then they inherit fuck all. They don't magically not owe loans or not pay interest.

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[–] DarrinBrunner@lemmy.world 5 points 1 month ago

They set up LLCs in Nevis, a tiny island nation that doesn't disclose who owns what business. The filthy rich use these mailbox businesses to buy real estate, and launder money. None of it can be traced back to them.

https://www.theguardian.com/news/2018/jul/12/nevis-how-the-worlds-most-secretive-offshore-haven-refuses-to-clean-up

[–] Etterra@discuss.online 4 points 1 month ago

They also inexplicably all have grand pianos.

[–] Cantaloupe@fedioasis.cc 4 points 1 month ago

The devs never patched the infinite money glitch.

[–] hexabs@lemmy.world 3 points 1 month ago (8 children)

Might be a silly question –
Why not get taxed by selling it once and for all instead of paying interest on the loan against it for years.

In the long run won't interest surpass the one time tax?

Also assuming they invest the surplus after the sale, it should be the cheaper option.

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[–] maplesaga@lemmy.world 3 points 1 month ago* (last edited 1 month ago)

Isnt this monetary policy rather than taxes?

If we didnt make borrowing so cheap then it wouldnt be cheaper to borrow to avoid taxes. QE has huge effects on making the rich richer, as wages are debased via the money printer.

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1108.pdf?sc_lang=en

Its the same with a minimum income, why have a minimum income if you're just going to deliberately actively erode it via inflation and growing the money supply 7-8% a year?

Its also the obvious cause of the housing crisis, which lets people profit off the cantillon effect utilizing cheap credit, which disadvantages the poor and the young who own less collateral. Those with the best access to credit profit, and those with the least are debased to feed the rich.

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