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re: Bill Gates: Taxing the rich is fine, but some politicians miss the point
Posted on 2/13/19 at 9:11 pm to Centinel
Posted on 2/13/19 at 9:11 pm to Centinel
quote:Democrsts will tell you the optimal tax rate is... MOAR!!!
We have the most progressive tax policy of all western democracies, but apparently we need to make it progressiver.
0
Posted on 2/13/19 at 9:14 pm to wareaglepete
quote:Apparently Gates thinks this is income.
How are you going to base my tax on stock value that I have not exercised?
Posted on 2/13/19 at 9:16 pm to Scoop
quote:This isn’t really what taxes are even for. The idea that tax law is to be used for “justice” is accepting the idea that the government is wielding them as unchecked power to punish.
I’ve heard it argued that the estate tax is a means by which to slow down accumulated wealth within one family to the point that they become so massively wealthy over generations that they become an entity that can unduly influence public policy and such. Think Rockefellers, Carnegies, Vanderbilts, etc.
Taxes are for funding the government —not for getting even against the successful.
Posted on 2/13/19 at 9:17 pm to deltaland
quote:ah. They’ll leave before they go broke.
You’d make every wealthy person go completely broke
Posted on 2/13/19 at 10:01 pm to upgrayedd
quote:
We should take 99.5% of the total assets of these people who promote this bullshite
I disagree. We should never take anyones, wealth or property from them.
We should just publicly shame them them every time they open their mouths instead!
Posted on 2/13/19 at 10:10 pm to memphis tiger
quote:
So how does taxing social security work. Isn’t that money that was already taken via tax?
Don't you know that Social Security isn't a tax?
The way we know it isn't a tax is because they call it a "contribution"
Posted on 2/13/19 at 10:12 pm to boogiewoogie1978
Gates isn’t wrong if you’re trying to bring more money into coffers
Posted on 2/13/19 at 11:28 pm to boogiewoogie1978
I'm fine with setting up a separate tax policy that taxes bill gates and only bill gates, $15B a year.
Posted on 2/14/19 at 12:46 am to GoCrazyAuburn
quote:
Proof that smart people can have dumb ideas
Proof that borderline autistic software developers who made their fortunes by sitting in a garage and selling an incredibly low-overhead program over and over don’t necessarily have a working knowledge of economics or political history. Being a computer genius is not the same thing as being a genius leader of the free world nor does it mean that your ideas outside of the world wide web are good for shite
Posted on 2/14/19 at 3:05 am to TOKEN
IF one felt that the "Rich" needed to pay more in taxes... the way to accomplish that is to tax dividends as ordinary income above a certain level.
Up until the early 2000s, taxable dividends for everyone were taxed at ordinary rates, so this isn't some crazy scheme
Up until the early 2000s, taxable dividends for everyone were taxed at ordinary rates, so this isn't some crazy scheme
Posted on 2/14/19 at 3:09 am to HailHailtoMichigan!
quote:
For the last time:
YOU CANNOT RAISE ENOUGH REVENUE FROM “THE RICH” TO FUND PROGRESSIVE POLICIES
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