They can easily afford it and there's plenty of public support
>public support translating into policy when it contradicts the material interests of the upper class
>>537848808>give America a stake in AII thought we agreed on what caused the 2008 crash
>>537848808according to trump>I ‘love the concept’ of millionaire tax hike, but ‘may not be acceptable to the public’the genpop can't handle it
>>537848808because that money isn't just sitting in a bank account, but is invested in various enterprisesthat's a lot of negotiation mass. you try to fuck with me? if my business is mobile at all (i.e. no complex factories that are almost impossible to move), I can just tell you I'll move elsewhere and then you lose all the jobs and tax revenue and have way less than before.generally, the state should have access to as little money as possible because it primarily spends it on wasteful consumption, not on investments into the future
It's a false debate.Maybe we should tax billionaires more -- but we shouldn't do it because we need their money before we can spend.https://www.youtube.com/watch?v=pex89N9Oqoghttps://www.youtube.com/watch?v=je-1eTl6J0gObviously at the State level, California doesn't issue money so its not the same dynamic -- but the federal government is more than capable of stepping in. So if you want to tax billionaires, it should be through the lens that their money allows them to steer government policy and spending in directions they would like and that benefit themselves and taxing their wealth away degrades their ability to do that.
>>537848808Because there is no real money. just value to pieces of paper.Sure, fi you were to tax it, they would need to cash out, which would lead to a deflationary spiral as the value of the shares to tank which you lead to more realized valuations. But the whole system depends on "NUMBER GOES UP" so if "number goes down" everything fails
>>537848808Because they can hire people to kill and replace you if you do.
>>537848808You can't tax the rich. They don't have anything.
>>537849514This, Elon Musk was living in a box even as a trillionaire Grimes said their living conditions were often below the poverty level he survived on hotdogs and oranges
>>537849514This. >Tax Elon a one-time 5% tax on his 1 trillion dollars >Thats 50 billion dollar>Elon doesn't have 50 billion in the bank, so he has to sell stock in his company. >Elon tries to sell 50 billion in stock, all the sudden the stock market is flooded, his company starts to crash, his stock then begins to plummet, the 50 billion he sold, he now needs to sell stock on top of that>Elon's weld then proceeds to crash way below billions of dollars, company goes bankrupt, all the jobs that he made disappear. Tax to Rich retards literally have no idea how rich people actually live. You know who we should tax to death? People like Elizabeth Warren and the rest of the government who somehow has millions of dollars in net worth, even though their job is six figures a year
>>537848808There is a new generation of billionares and billioners up and comming…. And the fucking boomer millionares and billionares want to take their ball and go home
>>537848808Because they pay off the politicians capable of enforcing taxation.
boomers and gen x'ers were brainwashed to believe that any tax on the actual rich means the middle class is next and soon an african will be moving into your home
>>537848808Why would anyone want the government to have more money?
Newsom's rich as fuck and literally cheats on his taxes to not "pay his fair share"
>>537849141What caused it? As far as I remember it was scraping the laws separating Jews and the stock market and turning it in to their own personal glory hole which they put a front of the law over Obama pretending it was fixed but all the new law did was pretend it did
>>537848808Raise taxes on millionaires. Billionaires have $7 trillion in wealth. Millionaires have $25 trillion in wealth. Millionaires need to pay their fair share.
>>537852047Boomers and Xers are cringe, but they are not wrong on this one: https://landmarklegal.org/a-century-ago-the-income-tax-was-only-supposed-to-affect-the-very-rich/
>>537848808Backstabberino again.What I get for getting my hopes up
>>537848808Why would I want anyone to pay any taxes? It's not like i'll see a cent of that after government officials and politicians have stolen all of it.I hope no one pays any taxes, it's just an excuse to rob the poor.
>>537852430Fucking Trump man.
>>537848808Gavin is just saying this because he is against the one in California so he is throwing out some bullshit that he has no intention of following through on
it's not. we literally just passed capital gains tax reform in this country to close loopholes and force the wealthy to pay the same tax on increases in asset value as working people pay on their income.the question you should be asking is what is it in your country and your government that has failed to make it so you cannot have a functional government unlike the rest of the world.and the answer is you. you are the problem.
>>537848808If I was rich i'd dodge taxes like a nigger dodges child supportAt this point i'm against a lot of taxes purely because I know they won't resist sliding it down the ladder. For fucks sake they're basically gonna make you pay a yearly VAT on land/homes here. Gonna get raped american style if you aren't a rentoid.
>>537848808Whenever some niggerbrain retard advocates for taxing the billionaires even more money, I like to point them to Norway, circa 2022.
>>537848808It can only happen if all countries work together, otherwise they'll just take their business somewhere they can pay less
