@futurism this is straight up theft isn’t it like the #government job to prevent #theft or is it ok when #multimillionaires & #billionaires do it to regular folks and #artists

Billionaires fire people and raise their own wealth by benefiting from cascading inflation.
Reuters + "analysts": "🥰"

Germany raises public sector wages bellow inflation levels.
Reuters + "analysts": "😭 but inflation"

https://www.reuters.com/markets/europe/germanys-very-generous-pay-deal-may-complicate-ecbs-inflation-fight-2023-04-24/

#reuters #economics #inflation #germany #eu #ecb #europe #oligarchy #plutocracy #politics #billionaires #multimillionaires

how pathetic, how sad, how #capitalist - "A record number of super-rich Norwegians are abandoning Norway for low-tax countries after the centre-left government increased wealth taxes to 1.1%.

More than 30 Norwegian #billionaires and #multimillionaires left #Norway in 2022, according to research by the newspaper Dagens Naeringsliv. This was more than the total number of super-rich people who left the country during the previous 13 years, it added. Even more super-rich individuals are expected to leave this year because of the increase in wealth tax in November, costing the government tens of millions lost tax receipts."

https://www.theguardian.com/world/2023/apr/10/super-rich-abandoning-norway-at-record-rate-as-wealth-tax-rises-slightly

#SuperRich #Capitalism

If anyone needed any more proof about how evil & egocentric the #superrich mostly are: In response to a 1% wealth tax increase in #Norway, more than 30 #billionaires and #multimillionaires left the country in 2022. :dumpster_fire:

“This was not what I wanted, but the toughened and increased tax rules of the current government means that I (...) have no choice,” says person who owns 130+ million Euros.

The super-rich are blackmailing Norway's goverment:
https://www.theguardian.com/world/2023/apr/10/super-rich-abandoning-norway-at-record-rate-as-wealth-tax-rises-slightly

#Hell Is #Other #People, Specifically the #People at #Davos
Semafor’s all-in coverage makes me want to stick my head in a woodchipper.

#Billionaires and #multimillionaires alike gathered in #Davos, #Switzerland, this week for their annual confab in the land of their most cherished bank accounts

Enter #Semafor, the #urine-#colored #news site launched by Ben Smith and Justin Smith (no relation) in October.

https://slate.com/news-and-politics/2023/01/davos-conference-semafor-coverage-hell-dispatches.html

@ClimateHuman

"The report said that for every $1 of new global wealth earned by a person in the bottom 90% in the past two years, each #billionaire gained roughly $1.7m. Despite small falls in 2022, the combined fortune of #billionaires had increased by $2.7bn a day.
...
A tax of up to 5% on the world’s #multimillionaires and billionaires could raise $1.7tn a year, enough to lift 2 billion people out of poverty, and fund a global plan to end hunger."

1/3

https://www.theguardian.com/inequality/2023/jan/16/oxfam-calls-for-new-taxes-on-super-rich-pocket-dollar-26tn-start-of-pandemic-davos

"A #tax of up to 5% on the world’s #multimillionaires and #billionaires could raise $1.7tn a year, enough to lift 2 billion people out of #poverty, and fund a global plan to end #hunger."

https://www.theguardian.com/inequality/2023/jan/16/oxfam-calls-for-new-taxes-on-super-rich-pocket-dollar-26tn-start-of-pandemic-davos

Prop. 30: Should multimillionaires’ taxes be raised to tackle climate change?

https://csulauniversitytimes.com/prop-30-climate-change/

#ClimateEmergency #pollution #ecology #environment #ClimateCrisis #ClimateCatastrophe #CllimateChange #multimillionaires #USA #US #California