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#eat the rich
lilithism1848 · 3 days
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Xavier Olivé is the last person renting a flat in a building in the Eixample [neighbourhood of Barcelona, Catalonia], after a Dutch company has bought the whole building. He denounces that the owners have expelled all the neighbours who always lived here and now all the other flats are touristic or luxury apartments.
Despite being saddened by the situation and fearing they might expel him as well, he is decided to resist because he doesn't want to leave.
By Barcelona TV. English subtitles added by me.
Sadly, this is a common story in Barcelona and other cities and towns affected by touristic massification.
We urgently need laws that regulate housing so that locals aren't massively expelled to make room for tourists or second homes for rich foreigners, and to stop vulture funds from buying up huge amounts of property to raise the prices. But right now, as a tourist, the most important thing you can do to stop kicking people out of their homes is easy: NEVER, NEVER STAY AT AN AIRBNB, AN UNCONTROLLED TOURISTIC APARTMENT, OR SIMILAR. Always stay at certified hotels (or, of course, with friends and family if you have them there).
If you rent an apartment that is being marketed to tourists where there's a housing crisis for locals, or an Airbnb anywhere, you're effectively destroying the local community.
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sleepyleftistdemon · 7 hours
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Tax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will "trickle down" and eventually boost jobs and incomes for everyone else. But a new study from the London School of Economics says 50 years of such tax cuts have only helped one group — the rich.
The new paper, by David Hope of the London School of Economics and Julian Limberg of King's College London, examines 18 developed countries — from Australia to the United States — over a 50-year period from 1965 to 2015. The study compared countries that passed tax cuts in a specific year, such as the U.S. in 1982 when President Ronald Reagan slashed taxes on the wealthy, with those that didn't, and then examined their economic outcomes.
Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.
But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates.
"Based on our research, we would argue that the economic rationale for keeping taxes on the rich low is weak," Julian Limberg, a co-author of the study and a lecturer in public policy at King's College London, said in an email to CBS MoneyWatch. "In fact, if we look back into history, the period with the highest taxes on the rich — the postwar period — was also a period with high economic growth and low unemployment."
File this one under “No shit, Sherlock.” But it needed to be done. And it needs to be reported far and wide.
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quimbyflether · 3 days
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politijohn · 3 months
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farialyton · 7 months
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Facebook deleted this almost immediately. It's almost like the ultrawealthy don't want us knowing or talking about what's at stake.
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animentality · 8 months
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nando161mando · 6 months
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If you want to know why people have lost faith in capitalism, this might help
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crazycatsiren · 8 months
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My one basic opinion is that nobody should ever have to live in poverty and boy oh boy does this make some motherfuckers real mad!
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lilithism1848 · 3 days
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accidentalslayer · 4 months
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smokegrassshakeass · 3 months
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Bottoms, Tops, we all hate cops!!
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[Image Description: a photograph of two white people wearing punk clothing, seemingly at a Pride parade. They are holding up a black sign with the words "Bottoms, tops, we all hate cops" in white, capitalized text. End Description.]
(provided by Aspirationatwork)
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eagle-writes · 8 months
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Piracy can’t be stealing if paying for it isn’t owning.
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Ink: Waterman Inspired Blue
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not-mariahcarey · 9 months
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