This is so obvious to anyone who understands this issues. Tax the wealthy.
It's too late. People are way to easy to psyop
They already get taxed a lot
>>523967346they literally pay half the tax rate you do (in reality its even less), stupid fucking goy
>>523967280>tax the richwhy? so the govt can waste it on bullshit?
>>523967346Not enough, their effective tax rate is a lot lower thanks to the step-up provisions combined with the borrow-against-asset tactic.Their effective tax rate is around 8% since they’re only taxed on dividends and capital gains when they sell. They only have to sell to rebalance their portfolio for diversification reasons, but other than that they can use the Step-Up to dodge taxes forever and let their children inherit everything and then do portfolio rebalancing tax free
>>523967415So poor and middle class people can get giant tax breaks and so we can close the budget deficit and stop printing money
>>523967346They get taxed at absurdly low rates. Why are Americans so gullible?
>>523967459How about the governments of the world spend wisely instead. If the average citizen is expected to budget wisely then so should the government
Take more of their money, to be sure, but the more important thing is for the government to keep capital on a leash instead of the other way around. Otherwise even if you do take their money they'll just figure out a way to siphon it back to themselves
>>523967510They should
>>523967280if you are reading this mr. zuckoldberg, pleass give me 5 million dollars and i will never say anything antisemitic again
The rich don't really earn and income by going to a job - their money makes them money, so we need to make sure their money is working. Thus their money needs to be circulating in the economy not hoarded and hidden in tax-shelters (often offshore, avoiding tax) Tax total wealth, VAT taxes, 40% forfeiture of total wealth if they switch passports, seizure of equivalent amount of domestic holdings if they don't repatriate offshore money
>>523967685This is a myth, offshore money is circulating in the economy, it’s just put in hedge funds domiciled in the Cayman islands but the dollars come right back to the usa.100% of their money is working for the USA right now, and that’s good, but it could be better if not only was that capital working for the USA but the ownership of the proceeds of said capital was also more evenly distributed
Instead of raising taxes why don't we spend more responsibly and kill the retards who spend our stolen money improperly?
Retards don't understand that all these rich dudes get paid in stock, let the stock sit for a year then withdrawal it paying long term capital gains. Or more often just take out loans based on their stock positions and literally pay no tax.
>>523967745It’s incredible how brainwashed American posters are to reflexive defend billionaires for free on the internet
>>523967475This isn’t true, you’re insanely brainwashed
>>523967798Nope, Conservatives really are that stupid. They pretend not to know this so they can go around saying that you can’t tax the rich.Rightwingers are uneducated anon, it’s not their fault but it is
>>523967745The two aren’t mutually exclusive
>>523967861Of course it’s true, these capital gains are all accessible through low interest loans from the bank against the underlying stock
>>523967924But you can’t just continuously borrow against one stock forever without putting yourself in a very very very risky financial position. Your entire networth will leveraged on the company you founded and never sold a share in, which could go bust.You still need to diversify by selling off shares and buying other cashflow streams to stabilize your portfolio which makes you more credit worthy to banks
>>523967825You know what? Fuck the poor. Lord Walton of Walmart (PBUH) has done more for my quality of life than any poor ever could.
>>523967280ah yes more taxes for israels iron dome
>>523968037It’s not remotely dangerous, a loan of a few hundred million on an underlying stock position of hundreds of billions is incredibly safe for the bank.
>>523968303Companies can go bankrupt and the stock value goes to zero. People like Zuckerberg and Bezos and Gates have heavily diversified their portfolios. Gates doesn’t own more than 10% of any of his companies for this reason.Even if you had $100k, would you feel safe having it all in one stock like Amazon or Meta???
Let's take a more rational position on it. We need to set up a society so there's a hierarchy. Those who produce, earn. That is normal, natural, motivates efficiency and hard work. Every business owner should have the pride in ownership, building and earning what they can. But this has nothing to do with that. These guys are exploiting loopholes in the system to artificially magnify their wealth beyond any normalcy. This effectively makes them oligarchs who dominate the systems of government.I don't think what Mark Zuckerberg did is even very valuable. After all facebook is not exactly difficult to program or conceive. As Ryan Faulk said, one task assigned to beginning CS students is to program their own facebook-clone, and it takes them a week or so. What makes it valuable is the "hack" he's exploiting, that is the network monopoly aspect. Everyone wants to be on the service with the most people, so everyone joins facebook, rather than a smaller competitor. The value of facebook is not the product, but how many other people are using the product. These services become basically "public goods" more or less, the streets of the internet, and yet they're in private hands with private profits. The aim of the communists is disingenuous, to eliminate the profit motive system altogether and live in some sort of hippie commune. That's not a good outcome, and they serve as a type of faux opposition to the oligarchs.
>>523968575The bank has trigger points of the underlying asset price where sales are forced for collateral. This is not a real problem. Banks don’t need your concern, they have it figured out plenty well already.
>>523968627But that puts the Billionnaire in a risky position if he doesn’t diversify his portfolio. Plus diversifying reduces volitility which makes it safer for the bank so they can lend with a lower interest rate
>>523968685You’re just talking nonsense. They have less than 1% of their stockholdings in collateral for the loan. Nobody is at any risk, not the bank not the billionaire. They figured out how access their capital gains without causing a taxable event (sale) and have outwitted the public and then people like yourself defend them for free without any shame.
>>523968806Then they can only tap into 1% of their wealth under your scenario and can’t spend even more than that, and it’s effectively like they only have 1% of their reported net worth
>>523967415They should do what they did in the past where rich got taxed a shitload and their two choices were to give the taxes to government or pay less in taxes by paying more to their employees. No one wants to pay taxes so you pay the people who are responsible for you being rich.
>>523968885This is still hundreds of millions of dollars, more than most people could spend in a lifetime. And yes, most public company owners cannot sell their shares anyway without causing a stampede of sales. Billionaire wealth is paper wealth, most of it is not real and practically inaccessible.
>>523967346>Prominent Billionaires with $0 Tax Years Based on 2025 reports and historical tax data, the following individuals have had years with no federal income tax liability: Jeff Bezos: Paid no federal income tax in 2007 and 2011. In 2011, he reported investment losses that exceeded his income and even claimed a $4,000 child tax credit. Elon Musk: Paid no federal income tax in 2018. Michael Bloomberg: Paid zero federal income tax in multiple "recent years" prior to 2021. George Soros: Paid no federal income tax for three consecutive years. His office stated this was due to significant investment losses. Carl Icahn: Paid zero federal income tax in 2016 and 2017, despite reporting hundreds of millions in income, by using interest deductions from large loans
>>523967280It doesn't matter how much you tax the rich, they'll still be just as rich as before and even much more soWhy? Because they're rich because their clique literally mints/prints/types the money and then just transfers it into their bank accountsIn other words, the dirty secret of the rich is that they're rich because they crassly just cheat -- they're legalized money forgers who simply fiat money into existence for themselves and their cliqueThe rich don't earn their money so much as they simply counterfeit it for themselves, albeit legally
>>523967280It's actually not even about the amount of money. It's about resource allocation and making sure everyone's needs are met. He can be a billionaire as long as everyone is fed and housed and has fast internet who gives a fucK?
>>523967280Imagine being a lowlife redditor that sees this and thinks you need to tear someone else down to make yourself feel better instead of working on yourself. Truly low class behavior. Communism is loserdom in philosophical form. You must have been a peasant in a past life. As a wealthy land owner I would have enjoyed spitting on your worthless trash existence.
>>523969180Money should be in exchange for value. If I create 10 utils of value, I get $10 in my pocket. Work directly correlates to money. But with the modern economy that's often not the case. As with the stock market, money is a fluid quantity that doesn't correspond to any real-world value at all. You can become a millionaire sitting in your room buying and selling stocks without putting in one moment of effort. Billionaires can bloat vast fortunes totally out of whack with the amount of value they really produced. It's set up this way, deliberately, because it benefits the powers that be.
>>523967475Liquid wealth and non liquid wealth are 2 vastly different things. Sure if they sold their entire company to some oil olligarch they would techically be worth that much and could pay their taxes. Is that what you want? you want them to cash out their entire net worth crash companies in the process and offshore ownership? If you own a lemonade stand you own the wood the pitcher the lemonade obviously. You could value the lemonade stand at $50... But the amount of money the lemonade stand makes could be as low as only $5. If you tax the lemonade stand at $55 the lemonade stand goes out of business aka is siezed by the goverment. These guys are old the reason the wealth inequality is so high is because they have more time to keep earning more and more money. 200 years ago they'd be dead or planning on passing their inheritance by now.
>>523969390>Is that what you want? you want them to cash out their entire net worth crash companies in the process and offshore ownership?Nowhere did I say this, in fact I said precisely the opposite. You are an extremely stupid person.
Correct
>>523967280
When we're talking net worths this large we're no longer talking about real money. It's the same when with economies of countries, GDP and all that bullshit. It's entirely jewish speculation.
>>523967280Pretty sure we’re all in agreement at this point
>>523967280NEVER get in the way of a billionaire and his volunteer force of chud fanboys who make $40k a year
>>523967280Don't tax them. Just take half of all bank accounts over $10m and give them a thank you medal.
>>523970273
>>523967280Nah governments have proven to be fraudulent and inefficient. DmV. No thank you
>>523967280he was handed facebook by DARPA
>>523967280>rich: ok ok we'll pay up, don't kill us>lumpenproletariat drools approvingly>tax law full of loopholes, rich pay even less
>>523967280Can we stop pretending any of these numbers are real and not made up in this fake debt based economy? These ultrarich have a few dozen million at best, and all the rest is "unrealized gains" (aka lets all pretend they're worth this much). The second you try to tax this fantasy the economic system collapses as everyone would realize the emperor's not wearing any clothes
>>523967280Hard agree.
>>523967280Ok, Done. Rich taxed. Now here is what happens>Billionaires who have a battalion of financial resources and accounts will side step most of those taxes>Collectively they pick a scapegoat or sacrifice to the masses to testify why this is bad>AOC types will get a sound bite telling that one scapegoat off so it can be shared all over TikTok and more to make the masses feel something is being done>One Billionaire will be publicly reported on in dire straights thanks to this new tax to further push the masses into false sense of accomplishment>Any revenue from these "taxes" will be tossed around in congress for years until election time so they can get good boy vote points pointing out "I VOTED TO GIVE STIMULUS" or "HE VOTED NAY ON TAXING RICH, Don't vote for him"Repeat all above every 4 years.
>>523968965I honestly thought this was common knowledge? I've heard the saying "cash poor, asset rich" since I was a child. The way the rich stay rich is with credit. The ability to pass all the checks to borrow vast quantities of money is the only thing you need. Imagine borrowing 15 million and handing it to the best investment fund on earth. You don't need talent or skill, just tick the boxes to get the loan.Even my idiot friend has managed to become one of these paper "rich" day traders. They live on credit and as long as their financial advisor doesn't fuck it up for them, they'll be fine.Elon Musk is just a guy who's gut was right more times in a row than anybody else, with money that he borrowed from others.
We do need to tax wealth. It's not even necessarily to make revenue but as a disincentive hoarding, which is exactly what is happening right now.
>>523967280>all money goes to government LolLmao even
erm... acktually he needs the money to prop US economy... by using his wealth as leverage to borrow money from banks that he never plans to pay back
>>523971098If you get to have opinions on people's bank accounts does that mean I get to have opinions on what goes in your ass? Maybe a giant BBC perhaps? I just FEEL like it belongs there.
>>523971186You understand wealth is largely assets? For example, blackrock owns an astonishing amount of homes in the US and are rewarded for just sitting on them as they are assets which appreciate passively. What I am suggesting is imposing a tax to get blackrock to sell off their assets and allow a larger number of people to own those assets. I do however appreciate you're a corporate bootlicker and won't engage with my arguments.
>>523971329There is an astonishing lack of BBC in your ass. Years and years of neglect. I am really dead set on getting a BBC to go up there.
>>523967280You need to find a way to make them raise salaries/wages that have been stagnant, because these days all they do is give executive payrises and buyback shares. You basically have to be buying stocks to win and the right ones.
>>523967475how do you tax "wealth growth" though
>>523967280>Tax theWhy do no shills and kikes promote a flat rate tax? Everything over 50k gets taxed at some %.
>>523967280>Tax the rich>Everything becomes more expensive and employees laid off in mass while jobs are exported>RepeatNow what?
>>523967280>tax the wealthyYou just committed an anti-Semitism, OP
