Stop Taxing the Rich
- 1. Taxing billionaires makes them feel like something has been taken away from them.
- 2. Taxing billionaires gives them the false impression that it was their money in the first place.
- 3. Taxing billionaires gives them the false impression they actually “earned” all that money.
- 4. Taxing billionaires gives them the false impression that they are entitled to trillions of dollars of worker-created wealth.
The problem with redistribution
There are several major psychological problems with taxing billionaires to redistribute the wealth to people in need. The psychology of taxation is something we don’t talk about often enough, and I believe it’s time we bring it to center stage:
1. Taxing billionaires makes them feel like something has been taken away from them.
Yesterday, my baby son Concord was playing happily in my lap. Michelle handed me a bottle of breastmilk. Concord didn’t ask for it, but I gave it to him anyway. A minute later I pulled it away, and he screamed bloody murder. Why? Because I took it away.
Billionaires are like screaming babies.
If we never gave it to them in the first place, they wouldn’t scream when we take it away.
2. Taxing billionaires gives them the false impression that it was their money in the first place.
Elon Musk — the Marie Antoinette of our generation — is the textbook example of someone who genuinely thinks his money is his.
This is a techno-grifter who’s received nearly $10 billion in corporate socialism at tax-payer expense, using our currency, our educated workforce, our infrastructure, our judiciary and property rights, our military and policing, and our economy, and he thinks he’s the only person who gets to decide how he gets to spend our dollars? On what false grounds?
At the end of the day, he doesn’t have the final say on how American money gets distributed — the American people do.
3. Taxing billionaires gives them the false impression they actually “earned” all that money.
It is mathematically impossible to “earn” a billion dollars in a democratic society. (America is a nearly-rules-free-market metaverse that believes a single homo sapien can create a billion dollars in “value,” but people who live in reality understand this is societal hogwash.)
If you worked a job that paid $50 per hour, you’d have to work full-time for 10,000 years to properly earn $1,000,000,000.00.
It’s just not possible in a democracy of rational citizens.
4. Taxing billionaires gives them the false impression that they are entitled to trillions of dollars of worker-created wealth.
Workers create 100% of every company’s value. Billionaires “earn” their money by extracting value from the planet, their suppliers, their employees, their customers, and taxpayers.
The moral truth is that all American wealth belongs to the American people, and democracy should ultimately decide how it is distributed, re-distributed, or ideally…
But, of course, these three things will never happen in America.
If you throw a ball into the air, it doesn’t fly into outer space.
Because you didn’t throw it hard enough.
According to trusty Wikipedia, escape velocity is “the minimum speed needed for a free, non-propelled object to escape from the gravitational influence of a primary body.” In other words, it’s how fast you’d need to go in order to bust out of Earth’s gravitational pull and head for the second star to the right and straight on ’til morning.
(In case you’re wondering, the escape velocity of earth is ve = √2 × 9.8 × 6.4 × 106… requiring a speed of 40,270 km per hour.)
I believe Earth’s 2,755 billionaires have reached economic escape velocity and we cannot reign them in:
- We can’t get fair pre-distribution because billionaires own the DNC and GOP.
- We can’t get real democracy because people won’t stop voting for the DNC and GOP, and both sides are working hard to ensure no pro-democracy third party can ever get elected.
- Violent revolution, while never the ethical choice, isn’t even a feasible option in the U.S. because citizens are up against the strongest military in human history. Billionaires own the DNC and GOP, and therefore the military and police state; there is no revolution they cannot quell. None. Plus, corporatists who understand weapons aren’t necessary to control the people; you can just drain their wealth slowly through price inflation and wage stagnation, like a frog slowly boiling in water. I’ve been to North Korea — never underestimate a powerful military’s ability to keep people under its boot, weaponizing physical force and economics.
- Not enough people will stop buying from the planet-wrecking, people-enslaving, democracy-smashing, tax-evading multinational corporations to drain them of their power. Plus, as corporations rapidly inflate the cost of housing and move the global economy to a serfdom subscription model, people won’t be able to afford to shop anywhere else, locking them into economic dependence on the very entities that are ruining their future.
- And let’s be brutally honest: Many readers own stock in these predator companies through their pension fund investments in the S&P 500, and are therefore quietly complicit with the downfall of American democracy.
My dear friends, perhaps we just need to start accepting our place in history:
And if there’s one thing we know about feudal overlords, it’s that they don’t usually let the serfs decide tax policy.