this post was submitted on 27 Oct 2026
526 points (99.4% liked)

politics

31582 readers
3750 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles. Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to US politics and contain quality and original content. Social Media adjacent hosts like Substack are allowed, but ONLY if they tie back to a company/subsidiary. No personal or friend group blogs and no self-promotion. Articles should be worth reading. Clickbait, stub articles, and re-hosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing other users of being bots or paid actors.
  3. No memes, trolling, misinformation, or low-effort posts/comments (including reposts). If you see posts like this that anger you, do not engage. Report, block, and live a happier life than they do. Any slap-fight is subject to comment removals. Fights full of rule violations will result in temporary bans to cool off.
  4. No manipulating votes via bots or alt accounts; this will result in permanent bans. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in an account ban. Usernames containing racist, or inappropriate slurs will be permanently banned.

We ask that the users report any comment or post that violate the rules and use critical thinking when reading, posting, and commenting. Users that repeatedly have comments or posts removed, weaponize reports, or violate the code of conduct, will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users. The reason(s) behind moderator action(s) are publicly available through the Modlog.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News

• World News

• Business News

• Political Discussion

• Ask Politics

• Military News

• Global Politics

• Moderate Politics

• Progressive Politics

• UK Politics

• Canadian Politics

• Australian Politics

• New Zealand Politics

founded 3 years ago
MODERATORS
 

From the technological Olympus of Silicon Valley to the urban canyons of Wall Street, a narrow club of vastly wealthy plutocrats sits on a ballooning share of the nation’s resources. One percent of Americans at the apex of the economy are hoarding over 31% of the nation’s total wealth, a cool $55tn in net worth.

Getting them to share with the rest of society, to fund redistribution or pay for public goods, is proving pretty much impossible. Their ability to move resources around, hide profit across jurisdictions, and minimize income to hoard wealth until they die appears to put them beyond the reach of taxation.

One recent research paper found that the country’s richest 384 oligarchs paid only 24% of their economic income in 2025, compared with 30% for the average taxpayer. And not all of them are getting top notch tax advice. Reporting by ProPublica revealed that some of the richest Americans – like Elon Musk, Jeff Bezos, Warren Buffett and Michael Bloomberg – live largely tax free.

you are viewing a single comment's thread
view the rest of the comments
[–] humanspiral@lemmy.ca 0 points 3 days ago (1 children)

the existence of billionaires is itself an abomination of a broken economic system.

the broken system is direct evil corrupting social governance. Money=speech means money= fraud, theft, terrorism, genocide. But it is the latter application of money that is evil rather than money. It is cause for liberating the evil from their money. Your view is simply dead wrong.

The only path to wealth is accumulated propensity to savings. Extremely large yacht and epstein island orgy budgets, and MC hammer entourage hookers and blow, is wealth avoidance path. These lifestyle choices are the only path to trickle down, but you might hate them too, perhaps for the one trick "billionaire haters" hate.

[–] GreenBeard@lemmy.ca 2 points 3 days ago (1 children)

I like how I'm the one demanding systemic reform, you're advocating petty vengeance but I'm the one reacting emotionally. It is the imbalance of power and influence that money represents that is the fundamental threat. A system where one man can apply more economic pressure than a third of the country is inevitably going to corrupt, it's not a question of who, it's a question of how long it takes.

And yes, their indulgent excesses are in fact a net harm for humanity. It is the definition of gluttony, and it deserves to be shamed and derided. I'm not jealous, I wouldn't live like that if I could, those people have abandoned their own humanity. They are animals without conscience, without ethical restraint, and without even cognitive empathy. A system that condones and tolerates that kind of behaviour is contemptible and either needs to be corrected or eliminated. They're a festering wound on humanity and they need to be amputated.

[–] humanspiral@lemmy.ca 0 points 2 days ago (1 children)

you’re advocating petty vengeance

punishing specific evil is less petty vengence than generalizing on savings accumulation choices.

[–] GreenBeard@lemmy.ca 2 points 2 days ago

You can play whatever semantic games help you sleep at night, but that does not change that the black hole grade market distortion created by that kind of wealth accumulation artificially inflates asset prices and creates and unjustifiable socioeconomic stratification that cannot help but corrupt a democratic society. Rule of law cannot withstand the Epstein class. Sic semper tyrannis.