this post was submitted on 19 Apr 2025

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435

tax the rich (in islam) (discuss.tchncs.de)

submitted 5 days ago by gandalf_der_12te@discuss.tchncs.de to c/microblogmemes@lemmy.world

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Taken from this YouTube video:

We Can’t Afford Groceries, Yet Billionare Wealth is Exploding

Zakat - Wikipedia

Nisab - Wikipedia

(page 2) 36 comments

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[–] tetris11@lemmy.ml 11 points 4 days ago

Zekat is often seen as giving money to others, but it's just any act of love towards another person.

It's become muddled with money too much in these modern times.

That being said, yes please, tax the rich.

[–] ChicoSuave@lemmy.world 5 points 4 days ago (1 children)

Let's see MBS give away money.

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[–] ArbitraryValue@sh.itjust.works 4 points 4 days ago (3 children)

"Obligatory charity." Is that what the kids are calling it these days?

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[–] vga@sopuli.xyz -5 points 3 days ago* (last edited 3 days ago) (13 children)

One of the recipients of Zakat funds are islamic terrorists. Not a horrible idea in principle though, but I think it's much more interesting that Swiss cantons have wealth taxes, because, you know, because Switzerland is a pretty decently working economy. In stark contrast to almost every muslim nation out there.

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[+] Wanpieserino@lemm.ee -8 points 4 days ago* (last edited 4 days ago) (1 children)

In 2023, Elon Musk paid $11 billion in income taxes, which was one of the largest individual tax bills in history.

Which is more than 2,5% of his total wealth.

In 2021, Elon Musk paid a significant amount in taxes, with estimates ranging from $8.3 billion to $12 billion, making it one of the largest individual tax payments in U.S. history. This substantial tax bill was primarily due to Musk exercising stock options that were set to expire, which triggered a large taxable income event.

Blablabla. Basically, believe it or not. 2,5% isn't that big of a deal

[–] huppakee@lemm.ee 7 points 4 days ago (2 children)

I also read there was a year he paid $0, but even if he payed on average 2.5% yoy, that might relatively be a lot less than what someone working minimum pays on wealth (or in their case just income) tax.

[–] Wanpieserino@lemm.ee 2 points 4 days ago* (last edited 4 days ago)

Am just saying the islamic stuff is peanuts. 2,5% isn't much. That's already more than happening.

Elon musk is paying that much on his yearly income. I'm just comparing it to his total wealth.

A lot of his wealth are unrealised capital gains. His total wealth crippled this year with his shenanigans.

If this happened in USA. Then they'd relocate their wealth to other places while only keeping the bare minimum in order to generate an income there.

USA's average wealth is insanely high because it's a government that protects their wealth. Once it stops doing that, they will re-locate.

Your 1% holding the most of your country's wealth isn't actually holding your country's wealth. But that of the whole world. Your country is just a safe place to keep it.

[–] Ullallulloo@civilloquy.com 2 points 4 days ago

In the US, people making minimum wage pay $0 in income tax in almost all states.

[–] Valmond@lemmy.world -1 points 4 days ago (1 children)

That's a tax.

But are you sure really rich people should have to pay it? /s

[–] Zorque@lemmy.world 5 points 4 days ago

Did you read the title?

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