- Billionaire wealth surged by over $300 billion in the first month of the year. It would take 15 million workers an entire year to make as much money.
- Since G20 Finance Ministers agreed to work together to effectively tax the super-rich in July 2024, billionaires have pocketed over $1 trillion in new wealth.
- More than 50 organizations from across the world are urging G20 leaders to tax the super-rich to end extreme inequality, and invest in climate, environmental and social action.
Time to invent a new currency
The billionaires are already in the business of inventing new currencies as a method of wealth extraction. So unless the new currency is billionaire scalps, it’s not going to do anything.
Awe fuck. Time to go back to grow our food and learn a trade so we all can trade our skilled labor/services in some sort of online marketplace that doesn’t use a currency.
What will that achieve here exactly?
Potentially a reset of the hoarding.
Better tax them but that doesn’t seems to be on the table any more.
Not really? Why would it?
… They’d just trade in their riches for the new currency. Billionaires aren’t holding their wealth in cash