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re: The Elon trillionaire news is going about as you would expect among marxists
Posted on 6/12/26 at 2:25 pm to Bjorn Cyborg
Posted on 6/12/26 at 2:25 pm to Bjorn Cyborg
quote:
Start a thread on it.
It has nothing to do with Elon Musk or SpaceX
Fair point---kind of got derailed by someone.
0
Posted on 6/12/26 at 2:25 pm to dalefla
quote:
The problem I have with wealth like Elons is that all stocks are over valued.
Perhaps. However, someone is paying for them. You want to limit what someone is willing to pay? Should we cap what a house can sell for?
quote:
A company will only a couple billion in physical assets shouldn't be valued at 20x that.
Google wouldn’t exist if your rule were to be applied. What should the cap be and who gets to set it?
quote:
Croni-capitalism picking winners and losers upsets that.
Who picked space X as a winner? And who was the loser?
Posted on 6/12/26 at 2:26 pm to The_Duke
quote:
Resources are finite--literally, never typed money was finite.
what, then, does that have to do with Elon. If you don’t think money is finite, why bring up an irrelevant “point” in this thread?
Posted on 6/12/26 at 2:26 pm to HailHailtoMichigan!
quote:
We need a wealth tax
You didn’t build that!!
Yes, he did.
Posted on 6/12/26 at 2:28 pm to The_Duke
quote:
That’s simply not true.
What percentage of Americans pay zero income tax?
Posted on 6/12/26 at 2:29 pm to The_Duke
quote:
Well stop replying with stupid shite--
Oh my. Your lack of self-awareness is staggering.
Posted on 6/12/26 at 2:31 pm to The_Duke
Where’s your W2?
Posted on 6/12/26 at 2:38 pm to BBONDS25
quote:
What percentage of Americans pay zero income tax?
Around 30% which somewhat aligns with the bell curve
Posted on 6/12/26 at 2:39 pm to HailHailtoMichigan!
Posted on 6/12/26 at 2:41 pm to The_Duke
quote:
Around 30% which somewhat aligns with the bell curve
Excellent. 30% pay zero.
What percentage of income tax revenue comes from the top 1%?
Posted on 6/12/26 at 2:49 pm to The_Duke
quote:
Around 30% which somewhat aligns with the bell curve
I don't think you understand how bell curves work, or even the one you proposed and made up in your head.
Posted on 6/12/26 at 2:49 pm to The_Duke
quote:
What is this bases on?
AI Overview
Elon Musk officially became the world’s first trillionaire (on paper) following the blockbuster Initial Public Offering (IPO) of SpaceX on the Nasdaq exchange. The historic market debut also instantly minted approximately 4,400 current and former SpaceX employees as millionaires, thanks to their vested stock options and equity compensation
Posted on 6/12/26 at 2:51 pm to GoCrazyAuburn
quote:
I don't think you understand how bell curves work, or even the one you proposed and made up in your head.
Posted on 6/12/26 at 2:59 pm to BBONDS25
quote:
What percentage of income tax revenue comes from the top 1%?
Well now that's a totally different question now isn't it?
I’ll play—this is another basic math equation.
We have 10 people in a room and lets assume a flat tax level of 20%—
2 of those people make next to no income
6 of those people are low to upper middle income
The remaining 2 make more than 5-10x the other 8 people combined
Where do you think the majority of tax revenue will come from?
This post was edited on 6/12/26 at 3:02 pm
Posted on 6/12/26 at 3:00 pm to GoCrazyAuburn
quote:
I don't think you understand how bell curves work, or even the one you proposed and made up in your head.
Sure—explain it to me lol
Posted on 6/12/26 at 3:02 pm to The_Duke
quote:
Well now that's a totally different question now isn't it?
Yes. It is a different question than the first one I asked. Do you not see the relevance in a thread where you are whining about the “resource” gap and the wealth gap? Sadly that doesn’t surprise me.
quote:
I’ll play—this is another basic math equation.
Yet you didn’t answer my very simple question.
quote:
We have 10 people in a room with a basic tax level of 20%— 2 of those people make next to no income 6 of those people are low to upper-middle-income The remaining 2 make more than 5-10x the other 8 people combined Where do you think the majority of tax revenue will come from?
We will get to the math. Answer the question. What percentage of tax revenue comes from the top 1%?
Posted on 6/12/26 at 3:04 pm to The_Duke
quote:
Sure—explain it to me lol
Well, here is your definition of what the bell curve parameter is:
quote:
This is a basic bell-curve distribution problem--in any population, you’ll have a small group that overperforms, a small group that underperforms, and a huge middle that works hard, shows up, and does what they’re supposed to do.
Now, with that definition in mind, do you not understand how claiming that 30% not paying income tax is mostly aligned with the bell curve definition you provided, is wrong? You are extrapolating one variable and applying it to an outcome that is not solely dependent on that variable.
With your definition of the parameters of the bell curve, you cannot draw a conclusion that 30% not paying income taxes aligns with your definition of the bell curve. Unless, well you are just assuming everyone in that 30% are the underperformers, which, I'm fairly certain I saw you post a critique of someone else earlier in the thread for making such baseless assumptions about people's work ethic.
This post was edited on 6/12/26 at 3:10 pm
Posted on 6/12/26 at 3:10 pm to GoCrazyAuburn
quote:
Now, with that definition in mind, do you not understand how claiming that 30% not paying income tax is mostly aligned with the bell curve definition you provided, is wrong? You are extrapolating one variable and applying it to an outcome that is not solely dependent on that variable. With your definition of the parameters of the bell curve, you cannot draw a conclusion that 30% not paying income taxes aligns with your definition of the bell curve.
Correct—
Our progressive tax system is based on income tiers, not a flat zero-income rule. Because people can earn money and still fall below the minimum threshold required to owe federal income taxes, it makes complete sense that non-taxpayers could push the bell curve to 30% of the population that do not pay taxes—-
This post was edited on 6/12/26 at 3:11 pm
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