• 2 Posts
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Joined 2 years ago
Cake day: June 30th, 2023
  • atempuser23@lemmy.worldtopolitics @lemmy.world•The Fate of Western Civilization Hinges on Elon Musk (Going Bankrupt)English
    4·
    1 day ago

    The wealth of billionaires for some crazy reason isn’t counted as a kind of unchecked inflation. in a just a few years the amount of money at the top more than doubled and no one else seems to be thinking that it’s hyperinflation. The economy is split and at the top money is poured in and never taxed out. The real reason why stock prices are rising is that rich people just don’t know where else to place such vast amounts of cash.

    Tesla isn’t a car company. It’s a place for the ultra wealthy to stash their money.

    We NEED taxation at the top to balance with tax cuts in other places. That money needs to be pulled out of circulation.