this post was submitted on 28 Mar 2025
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On BBC Question Time, 27 March 2025

Gary, a working class kid became a successful trader is now pointing out wealth inequality and trying to get people to save us from the super rich.

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[–] danc4498@lemmy.world 2 points 3 days ago

Tax wealth, not work. I like that.

[–] _stranger_@lemmy.world 44 points 5 days ago (2 children)

Working people stopped working together. Unions used to fight for the masses but that all died when people started listening to conservative lies and giving them power. Right around the 1970's.

[–] HubertManne@piefed.social 6 points 5 days ago

It seems to me they stopped encouraging less hours of work and thus a larger membership for bookoo overtime. They should have been pushing for a 35 hour work week in the 70's.

[–] sunzu2@thebrainbin.org 6 points 5 days ago

Pedons got somehow fooled to forget their class rank lol

[–] wildcardology@lemmy.world 32 points 5 days ago (1 children)

Because working people don't have lobbyists.

[–] thermal_shock@lemmy.world 9 points 5 days ago

Or security

[–] shittydwarf@lemmy.dbzer0.com 23 points 5 days ago (3 children)

Super obvious but billionaires decided who gets taxed what

[–] sunzu2@thebrainbin.org 6 points 5 days ago

And the normie still can't figure this out!

He wouldn't want to be tazed either if he was rich 🤡

[–] atro_city@fedia.io 3 points 5 days ago

Not if we stop believing "oh but the immigrants" and go out to vote for parties that want to tax the rich, the rich ain't gonna decide shit.

[–] AFC1886VCC@reddthat.com 15 points 5 days ago

Gary's a good egg.

[–] gandalf_der_12te@discuss.tchncs.de 9 points 5 days ago* (last edited 5 days ago) (3 children)

If you're rich and invested in MSCI World ETF (literally the most generic mixture of stocks available) 10 years ago, on Mar 28, 2015, the stocks practically doubled (+ 107%) since then. That makes an average annual increase by 7.5%, considering how exponential growth works. (Formula is: (2.07^(1/10) - 1)*100%)

Source: https://www.finanzen.net/index/msci-world/charttool

This means that rich people's assets literally proliferate by 7.5% annually, without lifting a finger. That means, it's not their "hard earned fruits" or their "hard work". They're literally lazying around and their wealth increases by that amount.

I think it's fair to tax that. Skim the unfair proliferation of wealth. Introduce a wealth tax, make billionaires pay 7.5% of their total wealth as an annual tax.

[–] 3dmvr@lemm.ee 1 points 5 days ago* (last edited 5 days ago)

Cant compete if you cant invest In private companies and sell the day they go public, its a strat that never fails? Never seen a private comoany not shoot up the day they go public and then drop heavily within that month

[–] beeng@discuss.tchncs.de -1 points 5 days ago* (last edited 5 days ago)

You don't have to be rich to invest in MSCI All world.

[–] ColeSloth@discuss.tchncs.de 5 points 5 days ago

Because fuck you.

[–] TachyonTele@lemm.ee 1 points 5 days ago (1 children)

We are not the "We" in this videos title.

[–] atro_city@fedia.io 3 points 5 days ago (1 children)

Yes we are. Who did the majority recently for in most countries? It sure as shit ain't for parties that want to tax the rich.

[–] TachyonTele@lemm.ee -1 points 5 days ago

Im not taxing anyone. You do you.