The failure to tax wealth distorts democracy by giving outsized political sway to the super-rich and illegitimate power to those with extreme wealth, while simultaneously depriving governments of financial resources.
https://www.theguardian.com/news/2024/jan/23/austrian-heiress-marlene-engelhorn-who-is-giving-away-90-per-cent-of-her-wealth-im-creating-the-tax-i-would-want-to-pay?utm_source=press.coop
#Wealth #Oligarchy #TaxTheRich
@mark_ohe
The #SCOTUS, in the USA, said that money is speech.
That is wrong in so many ways.
Money is volume and we should not be allowing people to shout down others. Its a broken democracy.
#Democracy means more than how we vote.
@mark_ohe that's the opposite of what SCOTUS said as Kennedy went out of his way in the decision to emphasize that the it is to level the playingfield *against* the ultra-wealthy.
If you think the effect of the decision has been the opposite of it actually said, then that says to me that we should have spent more time correcting the record instead of promoting this misunderstanding of what it held.
The Supreme Court only has the power of its pen. If the rest of us buy into repetition of that opposite holding, well, there's not much the Court can do about it.
The Supreme Court did not hold that corporations are people in Citizens United. If we claim that they did, then we're creating that reality and creating the legal reality that runs counter to our own interests.
@mral here's a link to the ruling for you to read for yourself.
If you read it you'll see that the ruling was explicitly against the ultra wealthy so it's only natural to defend it on those grounds.
https://tile.loc.gov/storage-services/service/ll/usrep/usrep558/usrep558310/usrep558310.pdf
@volkris @mral
Apparently you're highly enamored with Orwellian thinking. Please don't bother me with further communication.