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re: New billionaire's tax plan aimed at the 0.0002%
Posted on 10/24/21 at 10:23 pm to TrueTiger
Posted on 10/24/21 at 10:23 pm to TrueTiger
quote:
a plan that would tax the stocks and bonds of the wealthiest 0.0002 percent
Hell. fricking. No.
The second this happens, they will look for ways to expand that .002% to 20%.
Anyone who supports this kind of taxation needs a kick in the nuts.
1
Posted on 10/24/21 at 10:32 pm to Wasting Time
quote:I was not born wealthy. But I was able to use a wealthy person's money to build my business. Without their at-risk capital... I'd still be as poor as the family I was born into.
That's why I said this would affect people downstream from the intended targets 100x more than the intended targets
Posted on 10/24/21 at 10:36 pm to David_DJS
quote:That's true. The is nothing obtuse about what I wrote.
You're not this obtuse.
quote:Nope. Lots of people not on that list voted for Democrats in congress and Joe Biden for president. Also plenty of elections before 2020.
The point being made is the SJW/Covid bullshite the middle class/upper-middle class has been assaulted by finds its political and financial roots with these assholes.
quote:Because a stupid idea is stupid. By your logic we should forfeit every game to show how bad SEC officials are. While screaming "we can't win because the refs are so bad!!".
And the overriding point is, "frick them, why shouldn't they have to live with the politics they bought/paid for?"
If anyone is being obtuse it's you. Simultaneously thinking the ultra-wealthy run everything while also thinking that the ultra wealthy actually want higher taxes on themselves is silly.
If first premise is true -- why don't they have higher taxes on themselves? HINT: because their public personas don't match their actions.
WHy not? Because they are trying to appease the mob in hopes of being left alone. If they say "I want higher taxes" no one shows up to protest on their lawn. But even a peep about something conservative and the mob shows up to ruin them.
This post was edited on 10/24/21 at 10:41 pm
Posted on 10/24/21 at 10:42 pm to Evolved Simian
quote:And no one has ever explained what happens when those stocks and bonds go down in value. Do "the rich" get a tax refund on those losses?
Anyone who supports this kind of taxation needs a kick in the nuts.
Posted on 10/25/21 at 12:04 am to TrueTiger
Look up the estate taxes, it will greatly affect many of us.
Posted on 10/25/21 at 12:07 am to TrueTiger
The narrower this thing gets, the closer it gets to being a bill of attainder.
Posted on 10/25/21 at 12:35 am to Taxing Authority
quote:
If anyone is being obtuse it's you. Simultaneously thinking the ultra-wealthy run everything while also thinking that the ultra wealthy actually want higher taxes on themselves is silly.
You prove obtuse on both counts here.
I don’t know what to tell you if you don’t understand who is pulling the strings of the puppets in the WH and Congress.
And nobody is arguing that the wealthy want to be taxed more. What’s being argued is the politics they espouse/fund include a faction that supports a wealth tax, but they rely on useful idiots on the Right to keep them from having to live with the shitty side of the politics they clearly fund/advance.
This post was edited on 10/25/21 at 12:52 am
Posted on 10/25/21 at 1:07 am to Taxing Authority
quote:
Without their at-risk capital... I'd still be as poor as the family I was born into.
K now do taxes.
Posted on 10/25/21 at 2:28 am to David_DJS
quote:Then you have no point.
I don’t know what to tell you if you don’t understand who is pulling the strings of the puppets in the WH and Congress.
And nobody is arguing that the wealthy want to be taxed more
quote:Thats nice. But it’s not an argument of merit. None of that makes it a good idea. And I explained why it’s happening.
What’s being argued is the politics they espouse/fund include a faction that supports a wealth tax, but they rely on useful idiots on the Right to keep them from having to live with the shitty side of the politics they clearly fund/advance.
So why are you a proponent of a bad idea?
Posted on 10/25/21 at 2:31 am to LSUconvert
quote:Paying taxes played no role in increasing my wealth. Are you confused?
K now do taxes.
Posted on 10/25/21 at 3:12 am to TrueTiger
You’re really fisking stupid if you think even if such a “tax” ever got passed they’d pay an extra cent.
There’s a reason K street exists you know
There’s a reason K street exists you know
Posted on 10/25/21 at 1:02 pm to Taxing Authority
quote:
Paying taxes played no role in increasing my wealth.
Wrong.
Posted on 10/25/21 at 1:02 pm to LSUconvert
quote:
Wrong.
Posted on 10/25/21 at 1:04 pm to David_DJS
quote:
And the overriding point is, "frick them, why shouldn't they have to live with the politics they bought/paid for?"
Do you have some kind of issue with that?
You don't think people should get the government they want?
Posted on 10/25/21 at 1:04 pm to Pvt Hudson
quote:
Now, the government will take some just because it is there? Will they give the money back if it loses?
Just because it is theoretically there...
Posted on 10/25/21 at 1:06 pm to Taxing Authority
quote:
Are you confused?
Taxes are the holy grail for Marxists.
they've never met one they didn't like.
My taxes go to the Beltway Mansions. I know where they go.
Posted on 10/25/21 at 1:14 pm to Taxing Authority
quote:
Thats nice. But it’s not an argument of merit. None of that makes it a good idea. And I explained why it’s happening.
This is a horrid idea that is going to have negative effects on anybody with money in the market.
I think a better idea would be to require minimum distributions on brokerage accounts valued over some undgodly number, say 10 billion. That way some gains must be realized and become taxable.
The other thing that I could get behind is a form of alternative minimum tax for individuals who take portfolio loans in excess of some big number, and report income less than some big number.
I am about as far right as you can be on taxation, but it is absolute bull shite that someone like Musk or Bezos could in theory, take a modest salary, say take out a billion dollar portfolio loan, and qualify for shite like the child tax credit and EITC.
Posted on 10/25/21 at 1:16 pm to LSUconvert
quote:
Wrong
you’re going to have to explain how expenditures increase my wealth. Posted on 10/25/21 at 1:18 pm to BlackAdam
quote:
I think a better idea would be to require minimum distributions on brokerage accounts valued over some undgodly number, say 10 billion. That way some gains must be realized and become taxable.
no functionally different than taxing it directly. quote:We should do the same with home loans and home equity loans. Count everyone’s mortgage as income.
The other thing that I could get behind is a form of alternative minimum tax for individuals who take portfolio loans in excess of some big number, and report income less than some big number.
quote:Thsu proving…
it is absolute bull shite that someone like Musk or Bezos could in theory, take a modest salary, say take out a billion dollar portfolio loan, and qualify for shite like the child tax credit and EITC.
quote:If you want a government to go after specific unpopular people just say so. it worked well for Zimbabwe.
The narrower this thing gets, the closer it gets to being a bill of attainder.
This post was edited on 10/25/21 at 1:21 pm
Posted on 10/25/21 at 1:20 pm to Taxing Authority
quote:
you’re going to have to explain how expenditures increase my wealth.
You can't be serious?
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