Post by @donaldham@mstdn.social

2026-10-02 02:19 UTC

RE: https://c.im/@cdarwin/117368389650768955 Nobel winner Paul Krugman, one of the signers, alerted his followers to the most important aspect of the billionaire tax a few months ago. It's a tax on wealth, not income, and would be one of the world's first, a precedent that could spread and make them pay up worldwide. Thats why they're in such a panic. Be sure to vote "yes" on 40, and "no" on 41 and 42, red herrings designed to neutralize 40.

Replies (4)

@PFox@ohai.social 2026-10-02 04:02

@donaldham@mstdn.social I am confused and disappointed that Katie Porter is campaigning against this measure,with emails and interviews. I had such respect for her before. Any insights?

Open ##5049891
@birkenator@mastodon.social 2026-10-02 04:45

@donaldham@mstdn.social i wonder how the social media algos side on this issue…

Open ##5049897
@ewen@social.ewenbell.com 2026-10-02 06:43

@donaldham@mstdn.social 20 years ago both Sweden and Norway had a wealth tax, but then Sweden axed it. So we've seen two decades of divergence between the two countries and Sweden now is struggling to pay for things they have always taken for granted. https://phys.org/news/2026-01-lazy-complacent-swedish-pensioners-abolishing.html Norway still has a wealth tax, I think around 1.4% on assets. So if you own a house worth $1m then you pay $14,000 a year in wealth tax. But Norway also has an incredible level of support for education, health and job security. Everyone has differing views on how well the money is spent of course, but that is true for every country.

Open ##5049901
@ElyseMGrasso@wandering.shop 2026-10-03 02:06

@donaldham@mstdn.social What are real estate and other property taxes if they are not a tax on wealth?

Open ##5049904