tax the rich (in islam)
tax the rich (in islam)
tax the rich (in islam)
Despite all our faults in Islam, Zakat is such a good/common sense idea.
Anyways, despite living in an Islamic country i doubt our billionaires pay zakat anyway. If they're fine with butchering, prostitution drinking and drugs i think they're going to sleep just fine at night not paying their tax.
Don't worry, zakat is another Islamic concept the clergy (I think that's the right English word) abuse and twist to line their pockets. Zakat and khons are both about donating to the needy, but both ideas have been twisted so many times. Khons details are different but the word is related to the number 5. The first version I remember being told is that you pay one fifth of your yearly earnings' leftovers.
Is zakat collected by the state in Saudia or is it like in other countries where people choose who to give it to?
This must be why the UAE is such an egalitarian country... 😅
i mean, leaders of theocracies blatantly ignoring the parts of their religion that they don’t like is nothing new lol
Back in the day Christians took care for the sick and the homeless, they built orphanages and hospitals for the mentally ill. The amount of Christians didn't decrease but the way these vulnerable people were cared for changed greatly. The more we have a society were we pay the government to solve these issues, the less we need charity.
I don't know if Zakat-evasion is a problem in islamic countries, but I guess if we change the rules to get the billionaires to pay the ones evading taxes now will just change their tactics and continue to give a shit about the rest of society.
I mean, they did but abuse was also rampant in those orphanages and mental hospitals.
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.
The individual must realize that he is no more than the steward of this property, which is fundamentally the possession of society; this must make him accept the restrictions that the system lays upon his liberty, and the bounds that limit his rights of disposal. On the other side, society must realize its fundamental right to such property and must thus become bolder in prescribing the regulations and in laying down the laws which concern it. Thus only may we arrive at principles that will ensure complete social justice in the profitable use of property, which cannot be an end in itself nor a subject of actual ownership. The clearest instance of this is the matter of the tenure of land; thought cannot conceive that any man should be the owner of the land itself; all that he can possess is its irrigation and its crops, which means that the matter is one of the profitable use of a possession rather than one of actual ownership.
Sayyid Qutb spends much of this chapter in Social Justice in Islam insisting that it’s not full on socialism, but it’s definitely not free market capitalism.
In part, he has to write a lot about how not socialist he is because of the popularity of Islamic socialist movements. They were huge players in Egypt and Iran.
One can debate how those inspired by Qutb have kept to his ideas, but the society he describes is very much focused on ensuring everyone has enough to eat. (It’s also a society where I end up stoned to death in a public square, so you win some you lose some.)
Islam at least also forbids interest. There’s a complicated banking system, and I’m pretty sure there still are ways to fuck people over, but getting broke people trapped on the payday loan cycle at least isn’t one.
Our sister company is Zakat approved and runs water trucks in Gaza using the funds that people donate
Let's see MBS give away money.
"Obligatory charity." Is that what the kids are calling it these days?
Sure, it's great, but humans have proven time and again that religion causes more abuses over time than not. Yes, tax the rich. Using a religious text to justify it is weird. I do actually appreciate the info as I didn't know this about Islam, but in the same vein it's still religion which inherently leads to systems of abuse and shitting on people in the name of a deity. Not that humans aren't good enough at doing that without religion, but I feel religion just gives them more of a reason when believing they're serving some higher power.
That's a tax.
But are you sure really rich people should have to pay it? /s
Did you read the title?
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.
One of the recipients of Zakat funds are islamic terrorists
???? Source?
In stark contrast to almost every muslim nation out there.
Maybe if your countries stopped bombing, invading us and murdering our children, we'll be able to develop.
??? Source?
https://islamqa.info/en/answers/46209/categories-of-zakah-recipients -- #7
Maybe if your countries stopped bombing, invading us and murdering our children, we’ll be able to develop.
What country do you think I'm from? That may explain it for some countries like Palestine area, but it definitely does not explain why many muslim countries (where "muslim country" = >50% of inhabitants are muslim) have the weakest economies and the highest income inequalities.
https://en.wikipedia.org/wiki/Islam_by_country
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
Is terrorist what you call all brown people?
Those who do not possess enough wealth to meet their basic needs.
Individuals face financial hardship but have some resources that are insufficient to cover their necessities.
Individuals employed to collect, manage, and distribute Zakat.
Individuals who are inclined towards Islam or those whose hearts need to be softened towards the Muslim community.
To help free individuals from slavery or captivity.
Those in debt who cannot settle their debts with their current resources.
Individuals engaged in activities that benefit the broader Muslim community, such as scholars, educators, and those defending the Muslim community.
Travelers or strangers who are in need while away from their homes.
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
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.
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.
In the US, people making minimum wage pay $0 in income tax in almost all states.