annnnd thanks for coming out.
General Billionaire cries over 2% wealth tax
- Thread starter Toelocku
- Start date
I'm OK with a progressive tax system.
What I don't agree with are statements about a wealth cap/tax. Money earned has already been taxed. You don't get to tax it again.
At the root of it all is money being wasted by DC. More money doesn't fix that problem.
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M
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you say that like 'wealth' is finite.
EDIT - and like bureaucracy and oligarchies work for the COMMON GOOD.
They are.
There are 7 tiers
Percentages: 10, 12, 22, 24, 32, 35, 37%
Rich people are smart with deductions and good at finding ways to hold onto their money, but we do have a tiered system.
Anyone over $600k is in the 37% bracket
Again, I'm fine with all that.
I'm against taxing what people have stored in their bank account.
I like when they tax the dead people for not spending their money.
Billionaires existing is clear proof of a broken system. A system that rewards ingenuity and innovation is great but there is no possible justification for anyone deserving or earning that kind of wealth. A few people at the top of the pyramid hoarding money they have acquired through a glitch in the system hurts everybody.
Many great wealths have come from stealing others ideas or property. Microsoft, Facebook, and McDonald's were built on it.
Yeah. Just print a shit ton of money. Problem solved.
So wealth is finite after all? Glad we got that sorted out.
because infinite potential is not the same as infinite quantity.
a kernel of rice can feed the world, if you're a steward of the resource and give it the benefit of your time and talent.
but actions like raising minimum wage is just artificial inflation of currency value, which actually devalues the investments of poor and lower middle class citizens.
That's an even better idea than making the min wage $20/hour
What did I say that indicates that
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Yes it has fdr did it
have you checked the national debt since Wilson/FDR started doing their thing? how did taxing the rich at 90% work for Dwight? (not really, but still...)
A flat sales tax, maybe a commercial property tax are the only taxes that make sense to me.
Couldn't agree more. Probably better to have a fair living wage and the abolition of classes.
That make sense for what?
How do you suppose it gets in their bank account?
Oh, boy.
You know what would fix that problem? Increasing the amount of money they need to send to offshore accounts.