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  • Jan 7, 2021

    mkorostoff.github.io/1-pixel-wealth

    pretty sure this was posted last year but people still need to see it. People assume that attacking the current wealth distribution would be unfair to rich people who earned it.

    But the 400 richest Americans could literally change the world forever by saving billions of lives around the world, and ending poverty in this country (completely at first, and stunting it for decades to come) and still all be billionaires. Income taxes don’t need to exist for 99% of Americans.

    And that doesn’t include the non-American super wealthy. I’m fairly certain the net worths and sometimes the identities of the richest people in the world are entirely unknown to the outside.

    This graphic shows that the current distribution of wealth is a deliberate withholding of progress. This money will never actually be used by these people, it’s an ultimate method of power over the world, held by only a fraction of a fraction of a percentage of the population, that you didn’t vote for.

  • Jan 7, 2021
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    5 replies

    Isn’t most of the money tied up in valuation of companies is not like they can liquidate without tanking the company

  • Jan 7, 2021
    interstellarflyin2

    Isn’t most of the money tied up in valuation of companies is not like they can liquidate without tanking the company

    yep

  • Jan 7, 2021
    interstellarflyin2

    Isn’t most of the money tied up in valuation of companies is not like they can liquidate without tanking the company

    so you're telling me, elon musk doesn't have $190 billion in his garage? wtf

  • Jan 7, 2021
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    1 reply
    interstellarflyin2

    Isn’t most of the money tied up in valuation of companies is not like they can liquidate without tanking the company

    no
    github.com/MKorostoff/1-pixel-wealth/blob/master/THE_PAPER_BILLIONAIRE.md

  • Jan 7, 2021
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    1 reply

    what do you want us to do about this

  • Jan 7, 2021
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    1 reply

  • Jan 7, 2021
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    1 reply
    interstellarflyin2

    Isn’t most of the money tied up in valuation of companies is not like they can liquidate without tanking the company

    yes, which is why wealth distribution is a dumb and unrealistic term.

    limiting the amount of shares corporations can buy back and give to executives

    closing tax loop holes and start taxing gains on those assets like company shares more appropriately seem like more effective solutions to closing the wealth gap rn to me

    and maybe eradicating corporate lobbying and MAYBE start talking ubi but thats for a diff time

  • Jan 7, 2021
    I AM LOVE

    what do you want us to do about this

    well first of all everyone needs to know and understand this before real change can happen. Occupy Wall Street era was close, but most people didn’t really understand and they didn’t go about it in any effective way

    besides that, at our level the change will come from protesting. Not in the ways we think to though. I’d say stop voting for one, because it’s basically meaningless as long as these people can take complete power without being elected. If no one complied to the voting system itd send a message that we’re not rolling with any of this at all. We don’t believe in it.

    And then I’d say the next best protest would be to convince everyone to stop paying taxes. Not easy but in my mind it’d be powerful.

    basically, idk but knowledge comes first.

  • Jan 7, 2021
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    1 reply
    homagepaid

    yes, which is why wealth distribution is a dumb and unrealistic term.

    limiting the amount of shares corporations can buy back and give to executives

    closing tax loop holes and start taxing gains on those assets like company shares more appropriately seem like more effective solutions to closing the wealth gap rn to me

    and maybe eradicating corporate lobbying and MAYBE start talking ubi but thats for a diff time

    still no, see the links above

  • Jan 7, 2021
    BigSteppa

    thnx bro 😘

  • Jan 7, 2021

    super informative website,i really like the simple but effective UI

  • Jan 7, 2021
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    2 replies
    frank 2022

    still no, see the links above

    the links above are nonsense.

    we’ve had higher tax rates in the 1920’s (around 70 something %) and the US collected wayy less than when they dropped it to 25%. like literally doubled in terms of what they collected from high income earners.

    imagine thinking that the top 10 richest US american citizens would just let u seize and sell all the shares in their company (essentially relieving them of all power) without doing anything.

    That would leave behind $700 billion—still enough to eradicate malaria, provide everyone on earth with water and waste disposal, lift every American out of poverty, and test every single American for coronavirus.

    this is also silly, the US has literally spent trillions of dollars fighting poverty in America. 700 billion can only treat, not end the problem.

  • Jan 7, 2021
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    1 reply
    homagepaid

    the links above are nonsense.

    we’ve had higher tax rates in the 1920’s (around 70 something %) and the US collected wayy less than when they dropped it to 25%. like literally doubled in terms of what they collected from high income earners.

    imagine thinking that the top 10 richest US american citizens would just let u seize and sell all the shares in their company (essentially relieving them of all power) without doing anything.

    That would leave behind $700 billion—still enough to eradicate malaria, provide everyone on earth with water and waste disposal, lift every American out of poverty, and test every single American for coronavirus.

    this is also silly, the US has literally spent trillions of dollars fighting poverty in America. 700 billion can only treat, not end the problem.

    top 400. Did you look at any of the links?

    they would not lose power over their companies. They would lose some of their power over the world though, which is my point. They don’t deserve that power.

  • Jan 7, 2021
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    1 reply
    frank 2022

    top 400. Did you look at any of the links?

    they would not lose power over their companies. They would lose some of their power over the world though, which is my point. They don’t deserve that power.

    i understand u meant top 400, i was just using the top 10 like musk bezos and zuckerburg as examples.

    and they would lose power over their company lol tf are you talking about?

    what do you think stocks give in a public company? voting rights. i dont rly feel like getting into the math of bezos, musk, and zuckerburgs net worth but its overwhelmingly tied up in stock. which means that if u take that away they lose company power.

    to actually accomplish what u want, u would have to take seize those shares. which most of the top 400 wouldn’t let happen.

    plus its un democratic as hell. theres more effective ways of relieving power from the worlds richest.

  • frank 2022

    no
    https://github.com/MKorostoff/1-pixel-wealth/blob/master/THE_PAPER_BILLIONAIRE.md

    Read the links didn’t really explain much. I agree with the sentiment it doesn’t really economicaly feasible or realistic in any way.

  • Jan 7, 2021
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    1 reply
    interstellarflyin2

    Isn’t most of the money tied up in valuation of companies is not like they can liquidate without tanking the company

    Corporations like Apple and Amazon do in fact have hundreds of billions of dollars in liquid cash

  • Jan 8, 2021
    homagepaid

    i understand u meant top 400, i was just using the top 10 like musk bezos and zuckerburg as examples.

    and they would lose power over their company lol tf are you talking about?

    what do you think stocks give in a public company? voting rights. i dont rly feel like getting into the math of bezos, musk, and zuckerburgs net worth but its overwhelmingly tied up in stock. which means that if u take that away they lose company power.

    to actually accomplish what u want, u would have to take seize those shares. which most of the top 400 wouldn’t let happen.

    plus its un democratic as hell. theres more effective ways of relieving power from the worlds richest.

    Exactly this. It would require a much different system to do what people like op suggest. Not to mention the valuations of these companies’ are based on multiple “less tangible” things such as expectations(revenue multipliers etc) and investors simply ‘artificially’ bidding the price up.

    If for some reason the government just decided to just confiscate Elon’s shares so they can tax and liquidate them for what they deem as good, the share price of Tesla would crush like a soufflé. Making his taxable gains very arbitrary. Net worth is not as tangible as people seem to think. The system we currently have isn’t horrible. Maybe make much higher taxes for when you liquidate above 9 figures? Idk, but that would simply incentivize less selling and possibly leading to the irs collecting even less revenue as you pointed out occurred under extremely high rated.

  • Jan 8, 2021
    m FREE PALESTINE x

    Corporations like Apple and Amazon do in fact have hundreds of billions of dollars in liquid cash

    Which they use for R&D, paying back loans + dividends, and general operations.

  • Jan 8, 2021
    homagepaid

    the links above are nonsense.

    we’ve had higher tax rates in the 1920’s (around 70 something %) and the US collected wayy less than when they dropped it to 25%. like literally doubled in terms of what they collected from high income earners.

    imagine thinking that the top 10 richest US american citizens would just let u seize and sell all the shares in their company (essentially relieving them of all power) without doing anything.

    That would leave behind $700 billion—still enough to eradicate malaria, provide everyone on earth with water and waste disposal, lift every American out of poverty, and test every single American for coronavirus.

    this is also silly, the US has literally spent trillions of dollars fighting poverty in America. 700 billion can only treat, not end the problem.

    amazing how all the money in the world wont fix a problem when the system that produces the problem is still in place

  • Jan 8, 2021

    seize the wealth, seize the means of production.

  • Jan 8, 2021
  • Jan 8, 2021
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    1 reply

    And what makes you @op think that the government would be so honest and great as to properly allocate those funds to helping these causes? I’ve always wondered this. Why do you trust someone(government) to allocate someone else’s wealth for a net positive. And who gets to decide what that net positive cause is, and how much do you think would be enough? At what point would it diminish productivity since we clearly know 100% would be too high?

    I’m not trying to get full on Ayn-Rand zero taxes here but genuinely curious.

  • Jan 8, 2021
    Side Nigha

    And what makes you @op think that the government would be so honest and great as to properly allocate those funds to helping these causes? I’ve always wondered this. Why do you trust someone(government) to allocate someone else’s wealth for a net positive. And who gets to decide what that net positive cause is, and how much do you think would be enough? At what point would it diminish productivity since we clearly know 100% would be too high?

    I’m not trying to get full on Ayn-Rand zero taxes here but genuinely curious.

    your ideas on productivity are already wrong. and the point is to get a government that works for the people

    you can stop with the strawman s***. no one here is advocating for joe biden or trump or whoever to allocate funds.

  • Jan 8, 2021

    @op I'm scrolling and i'm still on jeff bezos wealth