1692
The rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easily
(discuss.online)
this post was submitted on 24 May 2026
1692 points (99.2% liked)
Work Reform
16854 readers
965 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What?
You're advocating for maintaining status quo "institutions". I'm advocating improvement. You're advocating regression. I'm advocating progress.
Your criticism here makes your stance seem wildly inconsistent.
I think you need to explain what you mean by "institutions" when you suggest that I will be destroying them.
The "institutions" I believe will be destroyed by a securities tax are overtly harmful and should be destroyed. Can you provide me an example of a beneficial "institution" that would not survive?
I don't believe I asked you to prove it. I asked for examples of such institutions. When you say "institutions", the first thing that springs to my mind are corporate landlords taking investor dollars to buy up residential properties, and artificially inflate housing prices. That is an example of an "institution" that is contributing to the problem. That institution exists primarily to benefit the interests of corporate entities and ultra-high net worth individuals. That is an institution that should not survive in its current form.
Name some. You're assuming I'm either going to destroy such institutions, or that I will need some sort of "exception" in order for them to continue operating. I don't think this is likely. I think that such institutions would fall well within this plan. I think they could, for example, structure their portfolios to pass the security tax obligation through to the natural-person shareholders who own and control them.
For example, that abusive REIT I mentioned above is currently under the control of Problem Class shareholders. That problem class is using that control to transfer wealth from the working class to the problem class. When the Problem Class shareholders withdraw, this REIT comes under the control of Working-Class Shareholders; the kind of people who are harmed by that exploitative behavior.
Which is why I'm asking for examples. What harm do you think is going to arise from driving the Problem Class out of these nebulous "institutions"?