Senators Sanders, Markey, and Gildebrand want to tax billionaires for their pandemic profits

From CNBC:

Top tech leaders and other billionaires would be forced to hand over billions of dollars in wealth they’ve gained during the coronavirus pandemic under a new bill introduced by Sens. Bernie Sanders, I-Vt., Ed Markey, D-Mass., and Kirsten Gillibrand, D-N.Y.

The “Make Billionaires Pay Act” would impose a one-time 60% tax on wealth gains made by billionaires between March 18, 2020, and Jan. 1, 2021. The funds would be used to pay for out-of-pocket health-care expenses for all Americans for a year. As of Aug. 5, the bill would tax $731 billion in wealth accumulated by 467 billionaires since March 18, according to a press release. If passed, the bill would tax billionaires on wealth accumulated through the end of the year, however.

Some people might think this sounds like a good and rational idea for a society where being a billionaire is inherently immoral because it's impossible to achieve without stealing or exploiting labor and goods. Others might argue that it's bad because what if *I* make tens of billions of dollars during a global pandemic with unprecedented unemployment and they tax those specific profits one time to help people and don't touch the rest of my money? And really, who's to say which side is right.

Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion [Lauren Feiner / CNBC]

Image: James Duncan Davidson / Flickr (CC 2.0) Read the rest

These photos of a pandemic drive-thru strip club are pure cyberpunk dystopia

After a cease-and-desist shut down their attempts at a Boober Eats food delivery service, Portland strip club Lucky Devil Lounge has found another new way to keep the lights in this pandemic. "You pull in and you get one or two songs with the gogos, then we bring your food out to you and then you go on your way," explains owner Shon Boulden in the video above. Read the rest

Here's a jet with an outdoor deck for the ultra rich who've made a killing from Covid-19

"You've probably heard that America's billionaires have gotten at least $282 billion richer during the pandemic," writes Rain Noe on Core77. "What will they spend that extra cash on, once this is all over?" Rain recommends the Aviro Business Jet Explorer, a private jet with an outdoor deck. It's just a concept design for BAE by Design Q, but I'm sure they would be happy to make it for any customer willing to pay for it.

Image: Design Q Read the rest