They can move out of the country but they cannot move out of the world. An international wealth tax CAN be done, the only obstacle is mere political will.
And it must be said, the ability for the rich to take their assets and leave has been greatly over-stated, since much of it is in the form of land.
Extreme wealth must be taxxed, or we will all live in desperate poverty.
The wealth of the rich is still growing and it will continue to grow automatically until the middle class ceases to exist. If we do not take the assets back, it will become impossible for normal working people to ever buy a house, or have any economic power over their own lives at all - nevermind the political control or the media manipulation.
Extreme wealth concentration is THE biggest issue facing society. Mamdani is absolutely right.
Very cool
The rich DO love slurping up all of our money and then living somewhere else where they don’t have to pay any tax.
we need to give more money to more companies named after evil objects from LOTR
By 2027? Why not now? These things have never been cheaper. Mandate batteries as well, LiFePo is cheap as hell and it would save so much money it’s stupid not to.
The downside is that when they have too much they turn it off. This is a wonderful problem to have. Your own damn article said it encouraged them to go harder ramping up the storage. It’s more cost effective when there’s more storage on the grid. Totally insignificant non problem, meanwhile the earth is on fire.
I’m not surprised. Carl Sagan saw this coming in 1995
I have a foreboding of an America in my children’s or grandchildren’s time – when the United States is a service and information economy; when nearly all the manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what’s true, we slide, almost without noticing, back into superstition and darkness…
soy don regime cries about the boys hanging out
The right does this and it seems to work for them.
People who take this advice are going to be disappointed when Tesla gets outcompeted by every other EV company and it drops to zero. It’s just like the trump shitcoins. Just scamming their base at every turn because they’ve gotten used to lying about everything without consequences.
Bernie is the left’s most effective advocate in the US and we need more of him.
Fantastic to see workers sticking up for themselves on the other side of the world. An international labour movement is possible and would be a huge force for good in the world.
Nah I’m sure that carmakers being forced to do this only factored in a little bit.
this whole gambit was actually a 4d chess move by elon to brainwash righties into buying EVs therefore solving climate change and bringing about global communism. I never should have doubted you, sir
This is undoubtably due to the nefarious scheming of Big Gay.
Damn, the one thing she’s right on.
that’s a coinidence, guess what I’m going to blame America’s impending economic crash on?
Every major political event in history was once an unrealistic proposal. Whether it can happen next week or not has absolutely no bearing on the fact that it must be done.
Reach out to your local political rep and tell them you support a wealth tax. Reach out to your local boomer FB page and tell them you support a wealth tax. Make the case. If public opinion and political opinion isn’t there then there is work to do. Put away minor nit picks and technical problems, they absolutely do not matter in the grand scheme of things. Build the momentum, tax the damn rich.