/biz/ still doesn't have a good counter-response to this...
>>60898357>counter-response to thisEat a dick commie faggot.
>/biz/ isn't discussing capital controls and socialismYeahWe're not 14 year old girls
>>60898357give me a 100% white country first.
>>60898363Ok how about this:No more Jews. None.After you reach 110 countries, every slimy jew rat goes to gas chambers and mass graves.You get a trophy that says "I won capitalism" and we name a holocaust memorial after you.
>>60898357Because hyperinflation will make everyone billionaires eventually and the government is dogshit at raising income caps. They leave social security tax income limits at fucking 1980s levels.
>>60898357>muh small government power to the people>pls mister government restrict wealth at THIS specific level!People are faggots. End of story.
>>60898357Literally every response to this thread so far is based, nice job biz, and kys commie in op pic
>>60898357Idk, the way it's been explained to me (not sure how true it is) is that most wealth can't be taken with you (capital gains, estate tax, etc.). All UHNWI will grow their wealth much more efficiently than any government can by its nature, so it makes sense to take it out at their peak (i.e. when they die) for maximum returns back to society and to charity and delay the gratification while the potential return grows. Even if they squander their wealth that just means it re-enters society (and the govt. taxes nearly all spending anyway). And while they might try to pass it on to their children through a trust or something similar, it's basically the same thing where eventually their kid will either spend, grow, or eventually die with it and Uncle Sam and charity will still get their lunch. Obviously you can't keep delaying the return forever but the basic principle of it makes sense to me.
>>60898375So you will kill yourself? jews and whites come from the same lineage retard.
>>60898357Its crazy how people expect the gov to steal from other people, then expect not to be robbed by the gov themselves. Plus, most of taxes go to niggers and single moms anyway.
>>60898357I mean it's understandable to cap someone's net worth eventually if you reach a couple hundred billion. 999 million is way too low compared to taxing income at 80% above 200 billion. On the other hand it is not right to just take that money and fund useless things that aren't benefiting the society you live in. Funding the government more wont actually solve drug addiction, veteran homelessness, free school food, affordable housing, affordable healthcare, etc. all the stuff that actually matters to the majority of society.I support taxing someone who is making multi billions per year, but I don't support who those taxes are being given to. Capitalism certainly isn't the issue and communism will never be the solution. The issue might lie more into the fact that humanity simply isn't meant to be this interconnected socially, not at the capacity we are at. But nonetheless, simply taking the rich people's toys and giving it to other rich people who write our laws is not the way to go.
>>60898357How do you impartially determine the value of non cash and illiquid assets? These niggers need to do an accounting course
>>60898357excuse me but fucking whores is way better than donating to charity all the money goes directly to the poverty stricken girl and i get my dick wet its a win win
>>60898701either through a market approach based on last transactions with similar assets or a cost approach depending on how much it costed to make it.
>>60898663>most of taxes goTaxes are deflationary, they don't "go" anywhere, its how money is removed from the money supply, so the rest of the money is worth more by being more in demand due to less supply.
the response is that you need people with billions to have the resources to resist authoritarian state communism, as we saw with Elon/Don vs the Borg last year.
>>60898357The good response is that rich people create the most value in the economy. We should not eliminate the economically most productive people, if we stopped every billionaire from investing and growing wealth after a single billion we would not have most of our biggest companies right now.
>>60898777Checked and that's only a part of it. The whole framing is fucking retarded.So Bezos starts an online book company in his shed and gives himself 10% of the company, worth jack shit at the time.,Turns out Bezos is a business gigagenius and he turns his shed bookshop into a $2.7 trillion logistics powerhouse. His 10% is now worth $270 billion on paper, although it's actually only worth whatever the buy side liquidity is on those shares if he started selling into them, also acknowldging the fact that if he started selling them en masse he would cause a cascade of selling as people try to get out with value.So he doesn't "have" $270 billion at all, it's just a crude way to assess wealth with the current value of one share at market price multiplied by the shares he holds.Now lets say we lived in communist retardo universe and he'd actually been taxed on his unrealized gains the moment his paper wealth went over a billion.Suddenly you have huge government sell pressure on the shares at a fixed level, so who the fuck is going to buy the shares just below that level? Nobody. You're literally guaranteed to get dumped on by the government.So the result is that despite Amazon's success it now has a government enforced value ceiling that completely stops it from being able to raise capital to expand and operate at the scale it needs to to actually work.End result? You don't have Amazon. You don't have anything like it, because it's literally impossible to create an entity at that scale.And the communists probably like that idea, because in their fantasy "no amazon" means rows of indie bookshops staffed by people like themselves, when in reality all that happens is China builds their amazon instead, takes 100% market share, and grinds the Neo-luddite communist West into the fucking ground.
>>60898357>>60898701>send Mikel Joilett 1 billion shitcoins I mint>keep 1 for myself and exchange it for 1 dollar>Mikel Joilett has net worth of illiquid 1 billion>every cent of his income goes to schools for negress children and obese negress bypass surgeriesBrilliant.
>>60898357Only works if its enforced world wide or your human rights are immediately revoked in the country you fled
>>60898694>Funding the government moreTaxes don't fund the government, though, the government prints money, if it wants more money, it can just print it, taxes are deflationary, they just exist to manage inflation.> I don't support who those taxes are being given to.Taxes aren't given to anyone, they are removed from the money supply so things are more affordable to everyone.>rich people's toys and giving it to other rich people who write our laws is not the way to go.Rich people willingly give lawmakers money hoping they will make favorable laws, taxes don't go to government workers, they get removed from the money supply because every dollar is actually a unit of government debt to the people and when you return money as taxes, the government resolve the debt.
>>60898777Hoarding isn't production, money means they are hoarding debt, not spending it on productive things, if they were being productive for the economy, they would be spending their money to manufacture things, not accumulating debt and hoarding it in offshore bank accounts.
>>60898357he is right.
>>60898375>not "I won civilization"So close to greatness but your laziness will be your undoing.
>>60898419On the bright side we'll be able to pay off the deficit with our new toilet paper money.
>>60898357>nope unlimited incentive is required
>>60898828Money is the output of productivity. If they are earning money that means they are providing utility to people that are willing to pay for it. It also almost always means investment. If we capped wealth no billionaire would invest anymore and create new businesses.
>>60898837You have to build a generational ship and colonize alpha centauri to win civilization, have you even played the games before?
>>60898357I'd pay to demolish schoolsHow can anyone with a room temperature iq not see that modern schools are the problemAnd they should be banned
>>60898849>Money is the output of productivityNo, money is an arbitrary fungible means of exchange. Goods and services are the output of productivity.>If they are earning money that means they are providing utility to peopleNo, earning money would then be the most utility since the people who earn the most money are the ones involved in the financial sector, not the manufacturing or service sectors, Iran is not more productive than the US just because they have trillions more given a unit of US money can buy 42,000 of their units of money.>If we capped wealth no billionaire would invest anymore and create new businesses.Wealthy people love having servants and sycophants, they would create and invest in whatever would provide them more servants and sycophants, they would (and historically tended to) use sticks and stones instead of money if it helped keep track of which servant owed them the most service.
>>60898357>schoolsI get why health care but why are liberals obsessed with free school. Are they slaves?
>>60898357this but millionaire
>>60898357How about we just replace all ticktok nurses and communist union teachers with robots and AI
>>60899451They don't have kids so school is how they reproduce
>>60898375Based.
>>60898788Someone ought to give this anon a nobel prize in economics.
>>60898788I wish I could elucidate my thoughts correctly like this.
>>60898357>meanwhile Elon is trying to give himself 1 trillion kek
I'm surprised to see biz defending nigger multimillionaire streamers buying their 4th mansion to stream the latest spicy KFC challenge to children on twitch while they make at most 60-120k/y but it is what it is
I've literally thought about the exact same thing except as a joke and this literal retard not only says it seriously but gets reposted on my favorite retard boardFucking christ.
>>60898762This response is so damn stupid. Do you think the money that is taxed is removed from circulation? No, it's given to the gov and their friends, who proceed to spend it how they please. The only thing it deflates is your own personal purchasing power while inflating someone else's.
>>60898357>Schools and healthcare Fuck off
>>60898357My response to this is that this is bad because government is owned by Jews so essentially this just gives more power to Jews and you have to trust Jews to use the money appropriately.In a non Jewish high trust controlled society it would work
>>60898357I always find it hilarious how clueless people are about wealth. They literally think these billionaires are swimming in a Scrooge McDuck vault with $1B in cash or something.
>>60898357The billions aren't in cash they're in stocks artificially inflated by speculation. And this speculation wouldn't be a thing without forced fake inflationary currency and the government bailing out banks whenever a crash happens.
>>60898602Are you fucking retarded? They are distinctly a Semitic desert people. Go far up enough in lineage and every person has the same origin.
>>60898694No one makes billions per years, the wealth of billionaires is growing through speculation on the stocks they own, and even the revenues of their companies isn't their income and can't be taxed as such.
>>60898602Jews and other Semite races are Neanderthal rape babies of Cro magnons. Learn history retard
>>60898357The value is not in the paper.
>>60898777>>60898828Value is subjective anyway. They could be producing funkos and be making millions but that's really just fucking waste of resources unless you are the redditor who buys that shit.
>>60898357Ok how bout this.No more poorfags. None.After you reach $0 you are thrown in a work camp to perform manual labor until you have repaid all debts.
>biz really didn't have a response to thatgrim, but it's the crapto containment board not an actual finance board so it's to be expected
>>60898719>what is government spending>what are government salaries
>he thinks "billionaires" have close to a billion us dollars inside their bank accountslol
>>60900958oh the irony
taxing billionares is anti semitic
>>60898357They'll just spend every dollar >999 million buying the government and changing the laws as they see fit.
>>60898357We had that and it took most of the world to stop it. National socialism set a profit cap. Every cent above I think 1 million went to socialist policies.
>>60898357Kek normies think """"billionaires""" are real and have a billion dollars. It's all fake and gay net worth. They don't have a billion dollars.
>>60900688Because we aren't bitter losers trying to sic the dogs of the state on every single individual with more success. The ability for others to carve out success is irrelevant to your failures
>>60900804A *lot* of things would work in a high trust society, and highly inefficient systems like [pick your flavor of collectivism] would eventually lose out to a free enterprise market
>>60898837Not only did the jews never built their own civilisation, any time they gain control of one, it collapses less than a century later.Jews are literally anticivilisational.
>>60898357Anything, except raising minimum wage and stop printing money.
So because billionaires are stock billionaires this means he wants certain stocks to be sold as soon as someone will be a billionaire through themNot sure his 401k is gonna like that
>>60901531>Don't think about the wealth of your society goy, it would hurt your retirement!
>>60901447>he still thinks anyone carved out anything and didn't just stumble into profitable market niches that developed at light speed with the proliferation of mass connectivityhow cute!
>>60901549That>implyingstill doesn't contain any justification for the state stealing from its own population, but nice non sequitur ad hom I guess
>>60898375Based>>60898602Nice try schlomo goldbergstein
>>60898357>/biz/ still doesn't have a good counter-response to this>pumping money into something makes it perform betterClown ass nigger. Do you remember what happened when the US Federal government pumped insane levels of liquidity into the college and university system by giving Federally backed student loans to EVERYONE? How did that work out? The prices have gone up so high that fewer and fewer can go to college or university WITHOUT the loans, and the quality of the education has gone down.Costs UP, quality DOWN; this is exactly what happens when the government starts throwing money at anything.
>>60900867Yet the "Neanderthals" dominate you, curious
>>60898357Amount you would raise by taxing billionaires out of existence: ~$13 trillionCurrent USA annual spending: ~$7 trillionIt's impossible to pull off but even if it weren't you still wouldn't be getting UBI. The money isn't there.
>>60898375This guy might be onto something.
>>60898357schools provide no value to society
>>60901978kys tradie ape
>>60898828>Hoarding isn't productionIt increases production by leaving resources in the economy to be utilized by other people/businesses.This is econ 101.
Death to anyone who doesnt have 1M
>>60898864>No, money is an arbitrary fungible means of exchange. Goods and services are the output of productivity.Saving money increases the amount of goods and services in the economy by the fact they are not being consumed.Also the vast majority of wealth billionaires own IS invested in businesses, retard.Very little is held in cash because they lose money holding cash
>>60901298Most billionaires are not jews, commie.>>60901421lmao imagine wanting to spend your entire life producing military goods instead of real goods and services for society.Nazi german was much poorer than post war germany
>>60901968>It's impossible to pull off but even if it weren't you still wouldn't be getting UBI. The money isn't there.It's incredible people don't understand this.They literally think taxing billionaires will allow them to live luxuriously for a million years lmao
>>60902305Yeah. Poor people are annoying. I love copefarming them though
>>60902310> They literally think taxing billionaires will allow them to live luxuriously for a million years lmaoNo they dont lol. They just jealous. Blind with envy.
>>60898357What would happen if they were banned from speculation markets?
>>60898375Deal!
>>60898788let jeff opt into giving his shares back to his company until he's below one billion again, slowly turning it into an employee owned company. sounds fair to me, the people that actually did the work get rewarded and gain influence
>>60902297>It increases production by leaving resources in the economy to be utilized by other people/businesses.But that's wrong.
>>60902586So you think when there's less demand prices don't fall? lolIf a billionaire spent all of their money it would cause prices to go up.
>>60898363unironically accomplishing the tweet in op's post would lead to this.
>>60898357The lion does not concern himself with counter-responses.
>>60898375cool it with the antisemittisme
>>60898357All of us will be billionaires at some point in the future, that's currency debasement. Hardcoding numbers like that is stupid
>>60898375I fucking wish
>>60898375Based
>>60898357>leftoddlers not understanding something as simple as cash vs assetsEvery tiem
>>60898788no bud, ur equating his personal wealth as also amazon (the company). Thus, saying the company's ability to expand/raise capital would be handicapped. Try again. Company shares and shit would be good to grow. Ceos or owners would get capped so just THEIR shares or whatever unrealized gains would stop at some "max amount." if you're bringing in stocks and investment companies in this tweet, you have to allow for more grace in the wording, because investment companies are the REAL devil holding all the real wealth. So dont cherry pick, make a good argument and dont show your cards by using communist retardo, capitalism is retardo bud. Case in point, infinite money is guaranteed in a closed system of a planet. You cant add wealth without burning, consuming, wasting etc so its waste byproducts MUST be accounted for as we live on A LITERAL SATELLITE of FINITE resources. We are in the ignorant phase of thought, were things are mad cheap BECAUSE THE FUTURE WILL PAY FOR IT.ALSO BAZO IS THE REAL RETARDO, QUOTED TO HAVE SUGGESTED TO BUY HIS FIRST EMPLOYEES KNEEPADS WHILE THEY SORTED BOOKS ON THE FLOOR......INSTEAD OF BUYING THEM TABLES!That's 10% he owns, is forever capped at 999 mil he'll still be the same happy as current Bezos and the unrealized gains that dont go to to his bank accounts, get added to a folder of fake government "billionaire excess" funds and then get spread out to the masses or at least to have towns without potholes. Why do yall not want good things for the public but put on kneepads and suck Billionaire dick like its ur morning routine?
>>60898663taxes go predominantly to poor whites, try to learn.Undocumented immigrants who pay into SS will never see that money, while they still pay incometax/state tax. Dont blame it on minorities bb girl
>>60898694Its as simple as paying counselors more with that money. Its a simple as paying teachers. Social workers. Farmers. Pothole fillers. If you cynically say it all goes to the lawmakers, brother its already going to the lobbies. Kill the lobbyists and reinvest to the public. Christ, see the path plain and simple. Capitalism IS the issue, we let merchants and middle men dictate prices and the world is all fukked. life saving medicine is god awful expensive and rare earth metal technology is cheap cuz its built on slave labor.
>>60898804i like that, why not?Billionaires living off the public and the health of the future should be on equal par as pedophiles. Hopefully that is the next paradigm shift.
>>60898861see ancient china/japan using similar school system.be you. "yeah but have you realized its bad??!?! Jeeze school sure is the issue."Not the greed, not the dehumanization which is prioritized and promoted. Not the cost on the future by consuming the finite natural resources. its the damn school districts, teachers, and free lunches! The worst part is none of youz have said anything new I haven't read/seen/heard. arent you tired of dying on a stupid hill?
>>60898375No holocaust memorials though. You can tell them that, we just won't actually build them.
>>60898844This was always the plan.
>>60899601yes so that way you can walk amongst them as their king.
>>60900916yaaaay back to how much of human history was! DEBT the first 500,000 years! much progressive though, great brain mind blown.
>>60901771sad thing is, the business and economics department also feel in this titanic failure huh?
>>60903339but what if i get rich tomorrow? then i'll be handicapped at 999 million, and i think i wouldn't like that, therefore we should not improve the situation in the interim
>>60903363>i like that, why not?I'd require centralized international organizations that are very open to corruption. It technically could also be enforced with crypto currencies if we make them and the system surrounding them completely public and immune to any anonymizing attempts. Then we'd also need to find some way that no one slips through the cracks. It's all fairly utopian but I'd prefer having no billionaires
>>60898375>>60898363
>>60898357there is like 2 billionares who could give all money that goes over 999M.If Musk sold/gave hes shares there would be no more tesla, spacex, twatter and few others. As long as Elon is majority holder he works for it.If billionare owners had to sell stocks would crash and in the end losers were normies owning few stocks. billionares would just devaluate theyr businesses to own them. >your company is worth 1001M>take loan for 2M and buy something that has no value in paper, but you want. (like make a statue of your mongolian wife.)Or>give 2M of stock to your kids
>>60902571there's an infinite number of ways and loopholes to hide wealth in corporations or other assets that anyone would do before forcibly give up shares to their employees.
>>60903368Just because there are big problems doesn't mean smaller problems don't exist.>Not the greed, not the dehumanization which is prioritized and promoted. Not the cost on the future by consuming the finite natural resources.What is actionable about any of these concerns? How are you gonna fix greed? Give me an overview.>schoolsIdentifying current schools as a problem and then trimming/abolishing their structures is an actionable policy. Do you just not understand how/why?
>>60898694>Capitalism certainly isn't the issue>more the fact that humanity simply isn't meant to be this interconnected sociallyDo you hear yourself?
>>60900688>>60901447>>60901549>he thinks the multimillionaire streamers "stumbled upon a niche" and totally arent Night Media plants.cute!!
>>60898375>name a holocaust memorial after you.That would be funny
>>60898357One thing that always confuses me about progressive taxes, wouldnt the rich paying a disproportionate amount of tax just incentivise the government to create a greater wealth inequality since 1 poorfag+1 richfag nets more money than 2 midfags? Also since they pay far more tax, will the government not be more inclined to hear them out and work with them too (other than on cutting their taxes)?
>>60903884>The market totally couldn't adjust broJust like how they didn't adjust after the retard sold oil at a loss a few years ago right?
>>60898357Why would I want to give money to these impotent school systems? Why would I want to give money to a health system that is going to break because of all the obese boomers draining the life out of it?
>>60900824you're no better, dunning krugerbroyou can't tax unrealized gains but you can also stop them from wiping the tax slate clean on inheritance or other jewish forms of that like trusts>nooooo the heckin stockerinos have rights too
>>60904382we already have progressive taxes in most developed economiesit works because we don't live in the sims and the government doesn't have direct control over the makeup of their constituencylobbying already exists so you're basically describing everything we already have + they also get tax cuts and push for regressive taxation whenever possible (like tariffs or VATs)
>>60898357>Thinks US based billionaires' billions would move the needle on funding schools and health care on a national level.They don't into money do they?
>>60903359The amount of tax dollars going to publicly funded schools and hospitals per student/patient has skyrocketed, while outcomes have stayed constant, or gotten worse. Its not "as simple as" anything.
>make law that taxes net worth over 1 billion>have hyperinflation shortly afterwards>dollar loses 99.999% of its value>even owning a house puts you above the wealth line>government now owns all of the economylmao
