

I believe that the reason for the layoff was due to the debt they took out to build data centers which was ~$10 billion so in order to not be too upside down they laid off 30k employees to save on payroll. I could be wrong on this fact, since I don’t completely trust the source I got it from. But sounds like something Oracle would do.

Edit: So this is a bot account - Lemmy RSS PyBot is a powerful Python bot that reads RSS feeds and posts new articles to your favorite Lemmy communities. Stay updated with the latest news, blogs, and articles time-efficiently.
This is a weak argument because it’s an all-in type of thinking. We have to tax all of these things, or non of these things. That’s bullshit. Legislation can start with the easiest to tax, homes, cars and jets. Hell unrealized gains in the stock market can be taxed, debt that use stock value as collateral can be taxed as a form of income for the individual. Then there is the argument that the wealthy will just move. Why is that a problem - it’s not like the region they were moving from is losing out on tax revenue. If they take their business with them couldn’t that open opportunities for others to fill in that gap with new similar businesses?
Also on the art collections and safe deposit box contents - that’s call an inheritance tax. It doesn’t need to be annual.
This article skims the surface with a “well its difficult so what can you do?” attitude.