646
World’s billionaires should pay minimum 2% wealth tax, say G20 ministers
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Apr 2024
646 points (98.1% liked)
World News
38978 readers
1365 users here now
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 !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
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
founded 1 year ago
MODERATORS
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.