Germany's Left Party wants to halve billionaires' wealth
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Especially because its quite complicated or impossible (imho) to a enact a law that does exactly what they promise by not breaking the constitution:
Its just populism and a lie -
You can't say it'd be against the constituion. That is debatable (and debated, see e.g. Wolfgang Abendroth).
The interpretation of the constitution is subject to powerdynamics as well. And it's the only smart way to design a constitution if it's meant to be the everstanding stable foundation of a society. .. cause you know, those tend to change
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Yeah, Well see :X
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Why do you think art is used all the time for money laundering? It’s almost impossible to determine how much it’s worth. Well until someone buys it.
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They are quite aware of the constitution and it's implications. Complicated, sure, but not impossible. I recommend to listen to van Aken talking about the topic.
Calling it a lie is disingenuous.
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The difference between a million dollars and a billion dollars is about a billion dollars
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I was posting this because, as was the case with FDR in the US, the burgeois press in Germany deeply despises "die Linke" for the very same reason: they are a threat to the power of organized money.
FDR certainly wasn't a communist but it seems kinda odd to me how you'd miss the main point of my post, especially given the context of my reply.
"Die Linke" is somewhere in between social-democracy and socialism in terms of economic policy, with party co-leader Jan van Aken going as far as repeatedly expressing his desire to expropriate billionaires. Certainly a breath of fresh air compared to the neoliberal controlled opposition party SPD.
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Depends... Do the two halves grow back into two billionaires. Is that how they multiply?
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Tax = Purchase Cost × Minimum Wage(Moment of Purchase) ÷ Minimum Wage(Moment Tax is Charged)
You can multiply that all by a magnitude term, depending on the taxation frequency, or to charge more/less.
This is a totally arbitrary formula intended to discourage holding non-cash assets that provide no intrinsic utility, and it incentivises owners to raise the minimum wage.
I'm sure a team of experts can come up with a better one. It isn't hard to come up with these sorts of measures, and they CAN be enforced (don't believe their lies). You just need to disentangle yourself from notions of rules-based "fairness" that exist to justify & preserve our presently lawless economy, where might makes right.
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They want
- the creation of a wealth register
- implementation of high wealth tax + inheritance tax
- penalize wealth hiding/capital flight via exit tax and binding taxation to citizenship
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Forbes and the rich themselves have no issue assigning net worth.
It's not hard to setup objective parameters that measure wealth in all the forms it can be held.
The idea that it isn't is propaganda
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The French have invented a marvelous tool for that. It leaves the wealthy a bit lightheaded.
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Billionaires hoarding wealth like dragons on gold while society crumbles isn’t a flex—it’s a failure. Die Linke’s plan? Brutal, necessary, and doomed. Measuring illiquid assets? Please. We tax houses and stocks daily—this “complexity” is propaganda to shield oligarchs.
The real issue? A system rigged to protect capital. The 5% threshold? A gatekeeping farce. Even if they breach it, the SPD will fold faster than a wet paper bag, muttering about “pragmatism” while serving neoliberal lapdogs. Revolution dies in committee. But hey—at least they’re trying to light a match in a rainstorm.
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Treating the symptom and not the problem IMO.
Invest in worker co-ops that are equally owned by the workers instead.
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Some bootlicker mod removed my comment
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i was talking about the quote rather than you yourself
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Yeah, and they were right about it
Cut them horizontally, and they'll agonize until they die from blood loss. And there's so many ways to botch a vertical cut, what with all those solid bones like the skull or the pelvis...
A sharp guillotine blade right on the neck is the tried-and-tested humane way to deal with the owners
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Make every time it's used as collateral a taxable event. Prosecute for fraud any valuations that try to dodge tax. Its a very fixable problem.
For those with wealth or income above a certain amount, require that their wealth is assessed annually, not on sale only and capital gains tax is paid each year.
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Or just seize anything above a billion, the number of billionaires are now zero.
Redistribute seized assets and poverty is eliminated.
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A >working< law that doesent break the constitution. Thats the point.
And in my humble opinion: Its bad to promise things to people that wont happen and cant be realised. Or short: Its bad to lie.
