World News
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News [email protected]
Politics [email protected]
World Politics [email protected]
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
view the rest of the comments
If taxation were done properly there would be no billionaires. They are a symptom of a broken tax system.
So, I'm assuming you are in support of a 2% wealth tax?
Sorry if I sound paranoid, just checking. Tone is hard to convey in text.
2 percent for those who would dip below a billion.
Just make a billion dollars a hard limit. Once you achieve that wealth, you aren't allowed anymore. If it's because of stock values, then any shares after you hit a billion are distributed among employees (including "contract workers" who they pretend aren't employees).
If it's in cash money anything over a billion goes to the government.
If it's in real estate properties are seized and sold at auction according to the land use. For housing, it's only sold to individual people who will use the property as a sole homestead. For small offices it's sold to businesses with a single location.
If it's art it's donated to a museum in the art's place of origin.
So what I am hearing: buy shit in a different country than the one you are running, where you can't tax it. No investment and jobs for your economy.
Also, how do you determine the value of an ltd? Not all companies have shares and share price.
Private companies are valued all the time, typically it's by calculating a multiple of EBITDA, with some variations for particular industries
Twitter is a private company. Has been since Musk bought it and took it private.
And yet, we can still calculate that its value has fallen substantially since that happened.
https://www.theguardian.com/technology/2024/jan/02/x-twitter-stock-falls-elon-musk
First of all, the article clearly states Fidelity owns shares, hence it is not fully private. Second of all, you are talking about the assessment of the company that holds the shares. Are you suggesting an honor system where everyone estimates their own wealth?
Private companies can still sell shares. They're just not publicly traded.
Ok, technically you are right although since Fidelity is publicly traded, it is a somewhat special case IMO. That is what I meant by it not being fully private. If it was owned ultimately by an individual, there would be no reason for such disclosure.
More importantly, this does not change my argument about it being a self reported value.
More like a symptom of a broken broad economic system. In all forms of capitalism, it is a given that much wealth accumulates in the few. It's a system where resources are distributed based on capital, and capital is a resource, and it's a system where those with more capital have more voting power both economy-wise and politics-wise. There is no such thing as a capitalist economy that has even wealth distribution long-term, it was quite plainly a system created for the sole purpose of keeping those with power in power – this isn't an exaggeration, the guys who basically created/popularized modern capitalism and are the basis for all the writings and philosophy of the "founders of capitalism" were post-french revolution aristocrats who wished to push a system where they could keep their power instead of having it taken while also not having their heads chopped off.
Even with the best taxation capitalism can offer, there is no solution to the capitalist problem. It's a system that requires there to be suffering underclasses and carefree upperclasses. It requires an immoral social hierarchy to exist. The systems that reduce the damage of this innately bad hierarchy while still maintaining it (welfare corporatism, for example) are incredibly unstable over the long-term and inevitably result in a populace that want to tear it down. The people who receive the most benefits from welfare & social safety in a capitalist society are often the ones that are the quickest to tear it down (them, and the elite) and guide us back to right-wing feudalism.
Billionaires might maybe go away if we "properly" tax, but there is only so much you can do to patch up a fundamentally broken system. The countries with the most wealth equality and highest wealth taxes also happen to be countries with a ton of megacorporations and/or billionaires... Switzerland, Scandinavian countries, Finland, Germany, Australia all have the highest wealth equality while all being on the top 15 for billionaires per capita excluding extremely small nations. Plus those countries have a tendency for alt-right movements to pop up, a few even more by proportion than the US...
TL;DR capitalism bad socialism good eat the rich