Rich people are moving assets around all the time - they refer to it as "rebalancing" their portfolios. Part of that rebalancing should include paying their way rather than free loading.
The Greens had a great policy going into the last election IIRC there was a carve out of around $4m of all assets and the balance was taxed at 1% annually. The flip side was income tax rates radically lowered for low and middle earners. It was administratively simple and would have provided much needed funding for education and health.
The "wealthy" have a big media eco system to run cover and gaslight. Get you to vote against your own interests.
A set a of corrupt policatians bought off, and mouth peices of right wing think tanks. Like Seymour, who flat out lies about his connection to atlas, and barely a push from our so called media.
Gaza has shown clearly Western media is worthless and racist. Propaganda rags, worse than the the USSR. All Russians new they were being lied to, in the West have been conditioned so well, we don't know it.
This is so true. Many of our so called news channels seem to be just mouthpieces for government spin. There are a couple of exceptions eg RNZ or Newsroom
In NZ but increasingly we are seeing legitimate and meaningful commentary from the likes of Bernard Hickey and others via substack.
Social media, sub stack you get the truth (along with plenty of bs)
To quote Caitlin Johnstone "
Nov 24
"The overwhelming majority of humanity is lost in delusion. Our minds are full of propaganda-induced hallucinations about a completely fictional world in which capitalism is working just fine and the US and its allies stand on the side of freedom and justice. Our behavior is driven by advertising and cultural indoctrination about what we should buy and how hard we should work to buy it and what kinds of goals we should be striving to achieve. Our psyches are wrapped around a believed sense of self which is completely and utterly illusory."
💯Trevor Noah is one of the smartest people on the planet at explaining things - good choice in support of your truth 👍 I'm not smart enough to come up with a "solution" but it's a no-brainer to recognise there is not "equity" in the way income/capital etc. is treated 🤷
Rich people are moving assets around all the time - they refer to it as "rebalancing" their portfolios. Part of that rebalancing should include paying their way rather than free loading.
The Greens had a great policy going into the last election IIRC there was a carve out of around $4m of all assets and the balance was taxed at 1% annually. The flip side was income tax rates radically lowered for low and middle earners. It was administratively simple and would have provided much needed funding for education and health.
Precisely why they got my vote and Labour, after all these years, didnt. Tax is the single most critical issue to vote on right now.
The "wealthy" have a big media eco system to run cover and gaslight. Get you to vote against your own interests.
A set a of corrupt policatians bought off, and mouth peices of right wing think tanks. Like Seymour, who flat out lies about his connection to atlas, and barely a push from our so called media.
Gaza has shown clearly Western media is worthless and racist. Propaganda rags, worse than the the USSR. All Russians new they were being lied to, in the West have been conditioned so well, we don't know it.
This is so true. Many of our so called news channels seem to be just mouthpieces for government spin. There are a couple of exceptions eg RNZ or Newsroom
In NZ but increasingly we are seeing legitimate and meaningful commentary from the likes of Bernard Hickey and others via substack.
Social media, sub stack you get the truth (along with plenty of bs)
To quote Caitlin Johnstone "
Nov 24
"The overwhelming majority of humanity is lost in delusion. Our minds are full of propaganda-induced hallucinations about a completely fictional world in which capitalism is working just fine and the US and its allies stand on the side of freedom and justice. Our behavior is driven by advertising and cultural indoctrination about what we should buy and how hard we should work to buy it and what kinds of goals we should be striving to achieve. Our psyches are wrapped around a believed sense of self which is completely and utterly illusory."
Depressing isnt it. Im 62 and only in the last decade have come to realise that I have been duped all of my life.
💯Trevor Noah is one of the smartest people on the planet at explaining things - good choice in support of your truth 👍 I'm not smart enough to come up with a "solution" but it's a no-brainer to recognise there is not "equity" in the way income/capital etc. is treated 🤷
Simply perfect. No question. Wealth tax now.
That's a great explanation thanks Gary and yes, for sure, a wealth tax is soo overdue!