- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: New billionaire's tax plan aimed at the 0.0002%
Posted on 10/25/21 at 2:26 pm to David_DJS
Posted on 10/25/21 at 2:26 pm to David_DJS
quote:
He's simping for the wealthy because that's the role the Left has assigned him, whether he realizes it or not.
You are the one arguing FOR the Left’s policies. You are literally on Bernie, Elizabeth Warren, and Janet Yellen’s side. This post was edited on 10/25/21 at 2:27 pm
1
Posted on 10/25/21 at 2:33 pm to David_DJS
quote:If you think this move has taxation of multi-multi-billionaires as it's ultimate goal, or even a transitional goal, you're really missing it.
You didn't follow the exchange correctly (at least up to this point). I'm the one making that argument. The Taxauthority dude is the one arguing against it. He's simping for the wealthy because that's the role the Left has assigned him, whether he realizes it or not.
Is it your impression the goal is just to tax gazillionaires?
Posted on 10/25/21 at 2:34 pm to baybeefeetz
quote:It isn't. They'd like you to believe it is.
well yeah if it's between them and me
Posted on 10/25/21 at 2:35 pm to TrueTiger
One hard and fast rule of economics; capital seeks the path of least resistance.
The US will hear a giant sucking sound of capital running for the border.
And that’s exactly what the democrats want. They don’t care about paying for their Bull. Democrats want to destroy our capitalist system and create a large dependence on government.
Posted on 10/25/21 at 2:45 pm to Taxing Authority
quote:
You are the one arguing FOR the Left’s policies. You are literally on Bernie, Elizabeth Warren, and Janet Yellen’s side.
And you are arguing for the other Left's side - the side that's actually in control. You're arguing in support of George Soros, Mark Zuckerberg, Bill Gates, Sergie Brin, Larry Page, Jack Dorsey, etc., etc. - you know, the guys that have brought us Biden, CRT/BLM, mandates & lockdowns, an open border and censorship.
By the way, if you think there aren't loads of conservatives that don't have the same position I do, you need to look around and see what's happening. But you know who on the Right would never take this view - that's right, RINOs.
Last point - do you think it's possible that Warren, Yellen and many others on the Left (not Bernie, I think he's serious) are just paying lip service to a wealth tax because it keeps their constituents in place, and they know Republicans will never call their bluff?
Posted on 10/25/21 at 2:46 pm to SlidellCajun
quote:Negative. That might be the result. But their goal is getting at your savings. Not Warren Buffett's, yours.
One hard and fast rule of economics; capital seeks the path of least resistance.
The US will hear a giant sucking sound of capital running for the border.
And that’s exactly what the democrats want. They don’t care about paying for their Bull. Democrats want to destroy our capitalist system and create a large dependence on government.
Posted on 10/25/21 at 2:50 pm to SlidellCajun
quote:
One hard and fast rule of economics; capital seeks the path of least resistance.
The US will hear a giant sucking sound of capital running for the border.
Fair point, though I question where capital can run to that is more attractive, even with a wealth tax, than the US. There are some small economies that practice something closer to capitalism than the US, but there's a problem of scale.
quote:
And that’s exactly what the democrats want. They don’t care about paying for their Bull. Democrats want to destroy our capitalist system and create a large dependence on government.
I think this is the basis of our differing views on this - I think this has already happened. It's a stretch to suggest our economy is based on "competitive capitalism" today, especially after the last 18 months.
Posted on 10/25/21 at 2:50 pm to David_DJS
quote:
And you are arguing for the other Left's side - the side that's actually in control. You're arguing in support of George Soros, Mark Zuckerberg, Bill Gates, Sergie Brin, Larry Page, Jack Dorsey, etc., etc. - you know, the guys that have brought us Biden, CRT/BLM, mandates & lockdowns, an open border and censorship.
earlier you said they were all asking for higher taxes on themselves. Which is iit? quote:And 81 million people for Joe Biden. Does that make it a good idea?
By the way, if you think there aren't loads of conservatives that don't have the same position I do,
You have always and continue to (wisely) avoid any argument of merit.
quote:I’ve literally spelled that out for you in this thread.
Last point - do you think it's possible that Warren, Yellen and many others on the Left (not Bernie, I think he's serious) are just paying lip service to a wealth tax because it keeps their constituents in place, and they know Republicans will never call their bluff?
Of course they are hypocrites. I do not care. Rehabilitating hypocrites is NOT the purpose of the tax code.
I also don't care if I'm on the (genuine) side of those people. Inducing capital flight is not a good idea. You've made no argument to show it is. You just say "rich people are meanie-heads and I don't like them". Terrible basis for tax law.
This post was edited on 10/25/21 at 3:01 pm
Posted on 10/25/21 at 3:02 pm to Taxing Authority
quote:
earlier you said they were all asking for higher taxes on themselves. Which is iit?
I didn't make that argument. That was your interpretation of me arguing "they should have to live with the politics they espouse" - - - most people would understand the point being made, you didn't. Which is fine, that happens, but then I explained it again to you, so your raising this as a point here says something about you/your position.
quote:
And 81 million people for Joe Biden. Does that make it a good idea?
I'll go back to the question that I've asked you a half dozen times in threads like this one over the last few months - give me your good ideas on how we beat back the radical Left, reclaim our country and economy. And I'm not suggesting calling the Left's bluff on a wealth tax fixes everything, but why spend our political capital fighting for these assholes? Anyway, let's hear it - what are your suggestions to beat George Soros, Zuckerberg and the Google boys back into their box?
Posted on 10/25/21 at 3:15 pm to David_DJS
quote:
I didn't make that argument. That was your interpretation of me arguing "they should have to live with the politics they espouse" - - - most people would understand the point being made, you didn't. Which is fine, that happens, but then I explained it again to you, so your raising this as a point here says something about you/your position.
quote:
And the overriding point is, "frick them, why shouldn't they have to live with the politics they bought/paid for?"
quote:I've talked about it many times on here. We have to take back the culture. We have to return to character matters and personal responsibility, and independent thought. And get those concepts thought to kids at an early level.
I'll go back to the question that I've asked you a half dozen times in threads like this one over the last few months - give me your good ideas on how we beat back the radical Left, reclaim our country and economy.
None of those goals are fulfilled by "tax the rich". The opposite, actually.
quote:Addressed in my first post in this thread. You aren't fighting for "these assholes". You're fighting for basic tenets of capitalism and the ability to create wealth all across the economy. If you're against that--just say so.
why spend our political capital fighting for these assholes?
quote:Implementing socialism isn't going to work.
what are your suggestions to beat George Soros, Zuckerberg and the Google boys back into their box?
This post was edited on 10/25/21 at 3:19 pm
Posted on 10/25/21 at 3:38 pm to David_DJS
quote:David_DJS, are you under the impression that Cayman Island or Cypress residents cannot invest in US market driven vehicles? But even that is beside the point.
Fair point, though I question where capital can run to that is more attractive, even with a wealth tax, than the US. There are some small economies that practice something closer to capitalism than the US, but there's a problem of scale.
This is not about taxing übergazillionaire wealth. Estimates are such a tax would only generate $0.25 Trillion over ten years.
$0.25 Trillion is NOT the goal!
This is about determining ways to get Uncle Sam's fingers on the nearly $70 Trillion being held in US Investments/Savings overall.
The point is, vis-a-vis the 16thA, Feds have mechanisms to assess individual income. But they do not currently have means to directly assess individual wealth (collectively estimated at nearly $70T).
If any übergazillionaire wealth tax effort passes, YOU will have to divulge every ¢ of YOUR holdings to the Feds. THAT is the ENTIRE effort here.
Once assessed, they'll try 16 ways to Sunday to get their hands on YOUR money.
That is the goal.
This post was edited on 10/25/21 at 3:40 pm
Posted on 10/25/21 at 3:43 pm to NC_Tigah
quote:
The point is, vis-a-vis the 16thA, Feds have mechanisms to assess individual income. But they do not currently have means to directly assess individual wealth (collectively estimated at nearly $70T).
If any übergazillionaire wealth tax effort passes, YOU will have to divulge every ¢ of YOUR holdings to the Feds. THAT is the ENTIRE effort here.
Once assessed, they'll try 16 ways to Sunday to get their hands on YOUR money.
As much as I would like this to be about the left eating their own supporters, I think you are right.
If you unleash this monster, it won't stop at billionaires. Just like the original income tax was sold as only targeting the top 1%.
Posted on 10/25/21 at 3:49 pm to Taxing Authority
quote:
quote:
I didn't make that argument. That was your interpretation of me arguing "they should have to live with the politics they espouse" - - - most people would understand the point being made, you didn't. Which is fine, that happens, but then I explained it again to you, so your raising this as a point here says something about you/your position.
quote:
And the overriding point is, "frick them, why shouldn't they have to live with the politics they bought/paid for?"
Do you understand that what you posted here (my posts) is 100% consistent? You just proved my point. Maybe that's what you intended to do?
quote:
I've talked about it many times on here. We have to take back the culture. We have to return to character matters and personal responsibility, and independent thought. And get those concepts thought to kids at an early level.
Fine platitudes/talking points, but what are the actions? I'm all for taking back the culture, but I'm 100% certain that ain't happening as long as conservatives sit back and wait for someone else to do something.
quote:
None of those goals are fulfilled by "tax the rich". The opposite, actually.
Says you. With no supportive arguments. So I'll frame it in question form: what's the downside in the political fight between Right and Left to letting Democrats tax George Soros?
quote:
You're fighting for basic tenets of capitalism and the ability to create wealth all across the economy. If you're against that--just say so.
I've posted this before, so I'm guessing you missed it.
Why are you under the impression there is "competitive capitalism's" basic tenets to fight for? The ship has sailed. Have you been awake the last two years? What part of gov't locking small businesses down to benefit Amazon and Home Depot makes you think "tenets of capitalism"? What part of mandating billions in margin for Pfizer to fight a virus that is less of a threat to a majority of Americans than the flu makes you think we've got super awesome capitalism to maintain? IMO - we are about two fights (that the Right didn't show up for) down the road from a fight about virtues of competitive capitalism.
quote:
Implementing socialism isn't going to work
You didn't answer my question.
What are your suggestions to beat George Soros, Zuckerberg and the Google boys back into their box?
Posted on 10/25/21 at 3:56 pm to NC_Tigah
quote:
This is about determining ways to get Uncle Sam's fingers on the nearly $70 Trillion being held in US Investments/Savings overall.
The point is, vis-a-vis the 16thA, Feds have mechanisms to assess individual income. But they do not currently have means to directly assess individual wealth (collectively estimated at nearly $70T).
If any übergazillionaire wealth tax effort passes, YOU will have to divulge every ¢ of YOUR holdings to the Feds. THAT is the ENTIRE effort here.
Once assessed, they'll try 16 ways to Sunday to get their hands on YOUR money.
That is the goal.
25 years ago, I'd be right there with you on this. But consider this for a moment -
That fight is over and we lost. Where we're headed short of the conservative middle class beating the Left into submission is Uncle Sam's fingers on nearly all the $70 Trillion in wealth held by Americans, but the part of all the wealth that will magically be off limits will be that held by the uber-wealthy, who are in fact pulling the strings in DC.
So now it's about "us" -v- Zuckerberg (and the few hundred just like him). What's the plan?
ETA - remember Occupy Wall Street? What's the sea change that's taken place between then and now? Who drove that change, and why?
This post was edited on 10/25/21 at 3:59 pm
Posted on 10/25/21 at 4:00 pm to David_DJS
quote:
That fight is over and we lost.
You understand they not only cannot tax wealth, they do not currently even know what your wealth is?
WTF do you mean, "that fight is over and we lost"?
Posted on 10/25/21 at 4:07 pm to SlidellCajun
quote:
And that’s exactly what the democrats want. They don’t care about paying for their Bull. Democrats want to destroy our capitalist system and create a large dependence on government.
This x 100
Posted on 10/25/21 at 4:08 pm to NC_Tigah
quote:
WTF do you mean, "that fight is over and we lost"?
IMO conservatives are about 3 steps behind the bullshite. It's why we all sit around amazed at the Left's audacity. We can't believe they're being so brazen, open about their intentions, willingness to lie and keep their voters stupid. But that's the game here, and you have to admit - the Right is way behind the learning curve.
You suggested that they don't know what your wealth is today, and I'm not so sure that's correct. I think there's very little about any of us that the federal gov't won't know if they decide they want to. That's the reality of 2021. I'd like to be wrong about that, but I don't think I am.
This post was edited on 10/25/21 at 4:09 pm
Posted on 10/25/21 at 4:08 pm to David_DJS
quote:There is none. Again THAT is the point. They are not coming after Zuck. They are coming after you while claiming it's all about Zuck.
So now it's about "us" -v- Zuckerberg (and the few hundred just like him). What's the plan?
The plan?
How about start with ensuring any tax-exempt charitable gift must solely target US charity. And any charitable foundation must give away a minimum of 7% of its holdings per year. Any foreign gifts by US tax-exempt charities are fine, but subject to maximum US tax.
Posted on 10/25/21 at 4:11 pm to NC_Tigah
quote:
The plan?
How about start with ensuring any tax-exempt charitable gift must solely target US charity. And any charitable foundation must give away a minimum of 7% of its holdings per year. Any foreign gifts by US tax-exempt charities are fine, but subject to maximum US tax.
When will that legislation be introduced and by whom?
It ain't happening, and it would be just a start.
So what's the plan involving things that are actually doable in the next 1-3 years?
Posted on 10/25/21 at 4:12 pm to David_DJS
quote:You should be. They don't. To be clear Republican Politicians may almost be as interested in knowing your net savings as Dems are. Knowledge is power. DC is about power.
and I'm not so sure that's correct.
Page 6 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News