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this post was submitted on 21 Mar 2024
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We The People have the power to criminalize the ownership of more than $1 billion dollars of wealth.
We have the power to re-establish punitively high, confiscatory top-tier tax rates on income, forcing the highest earners to spend their earnings, or lose them.
We have the power to create, and phase in a progressive tax on SEC registered securities. A wealth tax. We can confiscate the shares of publicly traded companies held by individuals, and turn them over to IRS liquidators. They can dispose of those shares by selling them on the open market in small lots, no more than 5% of the total traded volume.
We have the power to drive the wealth of the richest among us out of the market, making room for the rest of us to invest our own capital, and more equitably share our societal gains.
The cure for mass suicide is the same as it is for most of today's problems: A new French Revolution, where we strip the first and second estates of their power to continue fucking us over and making us want to kill ourselves.
The billionaires won't let you tax them out of existence.
This is absolutely not the solution either.
The choice is theirs: they can give up their ill-gotten wealth directly (philanthropically), or they can be taxed out of existence (peacefully), or they can be fined out of existence (criminally), or they can be guillotined out of existence (violently). What they can't do is continue to exploit and devastate all of society for their personal benefit.
If they make the first three options impossible, they make the fourth option inevitable.
This is how the means of production is owned in modern society. Shares. The problem isn't the idea that corporations look after shareholders. The problem is that the workers aren't shareholders. Workers are compensated primarily with dollars; executive-level management is compensated primarily with shares. When the worker starts receiving shares of future profits along with their hourly pay, the major problems are solved.
This is wishful thinking, if you wish in one hand and shit in the other which fill faster.
These two options are at the barrel of a gun, so violently. I don't know why you don't seem to get that. Whose guns you may ask. Theirs. So more wishful thinking.
We're here. Please catch up. However pointless violence will get us nowhere. A proper revolution must have goals to upend the current system and replace it with a better one. Much ink has been used to model this more can be read about it at marxists.org
This is a continuation of the capitalist system and would be a tragedy if we revolted and got this.
Edit: rewrote some stuff, I should be less glib you seem to be earnest.