https://finance.yahoo.com/news/california-wealth-tax-doesn-t-173130643.html
>>526109511>borrow money tax freethis system is rigged in favour of those with money/capital or who are in proximity to central banks
>>526109511easy, end capital gains taxes and taxes in general.then allow interest to rise to the appropriate level, or 8-12%
>>526109511how do they pay back the loans
>>526109511The answer will be antisemitic
>>526109511I don't like this headline's implication; I hope it's author pokes themselves in the eye with a drinking straw when they want to take a sip.
>>526109511who do they borrow from?all jewish power/success goes back to banking.
>>526109974they refinance into a larger loan by collateralizing their further-inflated assets
>>526109974They dont. The banks dont want them to pay it back because they make interest from the loan.
>>526109511Just write laws against it and enforce them. You can literally legislate anything. Close every loophole these vampire leeches are using.
>>526109511Hope cali fags do even more to punish rich people and there's a real capital flight from california. $1T in wealth has already left. Their revenue is dependent on super rich tech fags as their best tax cattle. Keep squeezing them and they'll leave. They can afford to go anywhere else.
>>526109511Legal questionCan you start a business, take out a personal loan and pay it back from your business bank account?
>>526109511
>>526110263Then you have capital flight
>>526110198How do they pay the interest
>>526109511Force them to invest in the state via public works and infrastructure in place of taxes, and in return, you offer incentives like state contracts if they meet various quotas. Use the various factions and families against one another punishing those who don't play ball and rewarding their competition.
>>526110818exit tax
>>526109974Take another "loan" with more "collateral."
>>526109974Niggers don't think that far ahead, so this argument bounces off of them like a forcefield.Look at the retards who replied to you. "They just borrow forever!"
>>526110263What kind of law?
>>526109974>"I have 2 billion dollars in assets. I will leverage some of it for loans">bank gives out 1 million loan >year ends>assets appreciate in value>"oh shit I Spent it all">go to bank>"I have 2 billion 20 million dollars in assets. I will leverage some of it for loans.">bank gives out 1 million loan
>>526109974I have a business and I hired myself an employee of my corporation at $7.25 an hour, so I pay taxes on that in the 10% bracket. I live off of loans and dividends that I pay myself, which is whatever amount I want, as acting shareholder of the corporation. My car and house were both paid for by my LLC, the house was an $800,000 dividend from me, to me.I used to have this notion of taxes being for the common good. No longer. It's a bill given at gunpoint and used to rob you even further both financially and culturally. Get smart, boys. Everyone else is.
>>526111724even worse, it's a bill people who actually produce pay and everyone else doesn't.If you think of it for a second, you realize that a government employee cannot pay taxes.
>>526111724Anon you need to learn what reasonable compensation is before the IRS audits you.
>>526111375They are, in fact, just borrowing forever.
When you owe the bank a million dollars you have a problem when you owe the bank one hundred million dollars they have a problem.
>>526111724As advanced as this is, there is yet another layer in tax evasion that you can take. Your method still has you paying taxes -- not a lot, but still some. Say you have $1B in investments. Year one, you borrow against this and get a $1M payout. You now control $999M in stocks, with $1M used as collateral for the loan, and have $1M in cash to spend for the year. Year two rolls by, you've spent that whole million, but the market grew say 5% last year so your total assets are now worth $1.05B. You take out another loan for $2M, pay off the year 1 loan, and now you have $2M in stocks held collateral, $1.03B in stocks you possess, and $1M in cash you can spend. Year three comes, and you do it again. Your stocks grew again and are now worth $1.1B in total, so you take out a third loan for $3M and pay off the year two loan, leaving you with $1M in cash again. You have $3M locked in collateral, $1.07B in stocks you control, and $1M more cash to spend. And you can just keep doing this, as long as your stocks grow faster than you spend.All tax free. Because it's not legally earnings. You never sell stock so you never trigger a taxable event. And when you eventually die, your stocks' cost basis resets to the current market value so they can liquidate your whole portfolio tax free. You effectively dodge taxes for your entire life. Your descendants only have to deal with estate tax, if applicable.
>>526112860I just realized I fucked up the decimals on this but it doesn't matter, you get the point. Once you have enough stock, assuming the money printer stays on and inflation keeps happening, you can just live off that stock forever, eternally borrowing against a more and more valuable portfolio of stock.
>>526111375this is literally what they do though, they never have to "pay" with actual cash so they don't need a taxable income
>>526111065That's how it worked prior to 82.Now that stock buy backs are a thing, there's no reason to do those projects when you can just inflate your stock price instead.>>526110340A great deal of Cali's spending is to subsidize the tech fags and their infinity jeets.If they move themselves and their businesses to Texas that will save Cali a lot of money in the long run, but will destroy LA.So win/win
>>526111634>>526112387>>526113184Niggers.
>>526113606>he doesn't know about buy borrow die
>>526109511You're not telling big enough lies.
>>526112323One sane comment in a sea of larp and ignorancet. accountant
>>526110818They can leaveTheir capital stays
>>526109511>cash-poor bilionairesFuck these kikes faggots. Fuck all kikes.
>>526113606Yes, they are deluxe niggers.
>>526109511I will explain.Rich people including billionaires cannot withdraw or use their "moneys" because the bank doesn't allow for it. The bank gives them credit ("allowance") wich is rationalized by the capital increase (stock market) of their money that they cannot use and must be kept in the bank so they can keep receiving their "allowance" They all have to ask permission to make big purchases and they all must follow the rules so the allowance continues.The rich are the dogs of the bankers and a lot of them are quite miserable.
>>526109511Banker jews help other jews they want to succeed. No wonder C-suites take the 1 dollar a year pay. The normies eat that shit up. But they can flaunt it in how face by using the media jews. Man, jews are real jerks
>>526113998The only wa yyou can enforce this is with a digital currency.
>>526113998LOLOLOLOLYeah, that'll work.
>>526114426>Rich people including billionaires cannot withdraw or use their "moneys" because the bank doesn't allow for it.isn't most of their wealth tied up in stocks, meaning that if they liquidate, they stand to lose a ton anyway>capital gains tax>inflationary loss>opportunity cost from continued investment
