>>545085832They spend money to convince you not to tax them. Pretty simple stuff.
Because the bourgeoisie (who staff the government) are narcissistic sociopaths who'll happily gag on their cocks for a bit of money (also known as lobbying)
>>545085832because they write the tax laws
>>545085832In Sweden we call them "skattesmitare" (tax evader) and put them in prison.
>>545085832They pay off the people who write the rules. Honestly they should be jailed for this, both the billionaires and the people accepting bribes.
>>545086024this basically.. influence matters.. end of story. Everyone is willing to do (almost) anything for $$ in the current cynicism of our world.
>>545085968Billionaires are as much a part of government as they are finances, they always own public services somewhere like electricity, water and sewers, this people can't help to need and pay for, in order to own said services your fucking trash collection, the state has to give the fuck up and say none of this is my responsibility or my earningsIn that process they simply buy everything from corrupt entities that get cheap deals on your indebted government, each time this tramples government jurisdiction, then the only honest people in this whole operation, make, the usually enviromental dennounce, then wheels of corruption actívate and the billionaires generate revenue with a privatized sector
>wealth taxThat's the greediest gibs me dat ever. And poor have the nerve to call billionaires greedy...
>>545085832The last time someone tried to tax the "billionaires", we killed a hundred million innocent Europeans to stop it.
>>545085832California is a failed state. The moment the money bags move away their utopia crumbles. It just proves that communism is not feasible without a rich class to exploit. Also the rampant joblessness, drug and crime problems.
>>545086049you fucking anti semite, you make me sick
>>545085832Money in politics.Hard to tax Elon when he pays a few hundred million to help the Republicans.
>>545086545It's also a bad idea. Companies need to be taxed from the profits, not from the substance.
>>545086645Are you retarded?Yes as soon as the silicon valley fools bolt all they will have is international airports, massive sea ports, acres of farm land, decades old infrastructure, foreign borders, and a massive work force. Taxing the rich doesnt make them leave. Look at socialist New York.Reagan said if you tax something it makea people want to produce less of it.Let us tax wealth and call their bluff. The power is in the workers and only hate and fear strop it away.
>>545087474I say we tax yachts and 3rd homes and private jets. We should tax the fuck out of capital gains or at least as much as we tax labor. Why does them sitting on their ass create more value than the sweat of a tradesman?
>>545085832because they can move
>>545087673because we want people to invest their money and not keep it in their matress
>>545087684Let them move.The world needs workers and farmers not billionaires. If they leave we make small businesses to replace them. Just like most of human history. Seems like a good way to put upward mobility into the working class.
>>545087767oops there goes all new investment into california, gg
>>545085832All the boomers I know spend 10x the ammount they would have spent on taxes just to avoid paying taxes and most of the time they buy shit they didn't want or will never use, or things with incredible high maintenance costs all so they can say "at least I got to write it off"
>>545087767You're not making shit.
>>545087723Good idea, don't let the rich hoard money. Instead have them invest in schools, healthcare and infrastructure. Let them invest in the working class. Those investments lead to increased birth rates. As having a family is no longer a dream but a joy. They want immegrants who are used to not having rights. They want the cheapest workers possible. Right wing ideals are a race to the bottom for most and an ironclad grip on the top for a few. Something as simple as universal healthcare empowers workers to switch jobs for a better on. Take time off to care for family. As it stands now they own you. Yes even the morons who opt out.
>>545087860I love when Jews are the meme of "If I don't do it someone else will" without a single thought of is this right to do in the first place.
>>545087474And only from the profits that actually took place.Not from unrealised gains for everyone who plays the stock market, which is actually becoming law here.
>>545087860They have so many tax loopholes they don't invest. They use and abuse the workers, take the resources and send the money to other countries. Let a guy make chairs here in the US and pay workers a fair wage. The trade off might be a higher price but you will never need to replace a durable item. Let them move. We really don't need them.
>>545088014wow an actual strawman argument
>>545087974Are you a paid shill for the ultra rich. I hope you are getting fat stacks for acting like a fool. Seems self debasment is the industry of propaganda. I have a very confortable life a beautiful white wife and three great kids. I have many friends and a loving family. I am great at capitalism. I am trying to help poor shlubs like you. Because angry littlw men make the world worse for everyone.
>>545088084i dont think you are equipped to understand the gross generalization u just made, leave the economic discussion to the big boys>>545087975>Instead have them invest in schools, healthcare and infrastructurewhats the return on investment? can i invest my money more lucratively and safer elsewhere?
>>545085832They have dirt on politicians through various means such as setting traps and paying PI's to dig up everything.
>>545088210Seethe, mutted NPC creature. You have never raised a crop or built anything more than an Ikea cabinet in your life, if that. All you do is regurgitate braindead slogans you picked up from schizophrenic double digit IQ streamers. You are the one nobody needs.
>>545088280to further my point you can already invest in municipal bonds that back all three of these things
>>545085832>why is it so hard to tax the government
>>545085832I'm Californian and vote republican but I love this tax. Forcing every faggot billionaire to finallly pay or leave. Confronting their faggy moral preaching while enabling this nightmare of a state.GET TAXED GET TAXED
>>545086645Number 2 sitting under a billion in the wings ready to move in on their turf.
>>545085832They don't have money, they have investments and assets, in other words to tax them they have to sell all their companies and cancel contracts, if you tax their wealth all you manage to do is create unemployment, however when they want money they just fire you and sell their assets, also creating unemployment.It's a lose-lose situation. If you want to tax them block digital currencies and force them to spend physical money, otherwise it is too convenient for them to never have money, physical money takes time, changing values in their bank balance does not. Why would they have income when they can have deals? Why save money when they could be investing? Both of these things are money they don't have in an accounting balance sheet. But when you save it is positive in yours, you by definition have more money since you can spend it at any time, but they put theirs into a business, meaning they have less money since they can't spend it until they sell.If the economically illiterate get their way they will tax their "wealth" forcing them to sell and they will increase unemployment and raise the price of good to compensate anyway.If you want to force them to use their money into salaries and the like, get rid of stocks and get rid of digital currencies. if you don't the poor would still have to invest into their companies and the taxes money will go towards them anyway.
>>545085832Every billionaire gets rich from stock.They don't convert the stock to cash and whenever they do it's heavily taxed. So what they do is take out a loan against their stock and invest it in federal or state incentives that create a tax break like Obongo when he shilled solar investments.Now they have a ton of tax credits and can cash out $2m in stock and pay hardly any taxes. However because of sales taxes the state gets that money back when they buy cars or yachts. This is the part no communist tells you about.If you try and steal from billionaires they will all collectively sell a single companies stock to pay the theft tax and that will be a politically important org for example Citibank is a Democrat institution who's executives donated so much they sent Podesta a list of who should be in Obama's cabinet. Billionaires will fire sale Citibank stock both crippling the Democrats income and patronage gig AND fucking over the theft tax as that stock will plummet in price>You told me to sell $100m worth of stock so I did>Not my problem if it crashed out to penny stock that's your problem
>>545088526>I'm Californian and vote republican>starts spewing commie nonsense
>>545085832> Be lobbyist> Propose bill to increase taxes on wealthiest> Pocket contributions from billionaires trying to fight said funding to kill billFree money
>>545085832>but the billionaires will just move! you gotta appease the billionaires otherwise the state will go broke without billionaire tax money!fuck that gay shit, billionaires get rich from the largess of the government.billionaires get so many tax loopholes that it's ridiculous, especially that Buy-Borrow-Die strategy that even normie millionaires can do.besides who cares if billionaires gets taxed the shit out of? so what if they move?they can't take their infrastructure with them.they can't take their workers with them, and only a few elite workers will relocate from their home and follow billionaires.and the government can simply print more money.
every state they flee to needs to do a one time 5% billionaire tax until they're forced to pay it
>>545087975>invest in schools Dem programs n shiiiiiNigger we did that and look at the failed system it created?
>>545089245would you go through some hoops to keep people from stealing your money? cant blame em
See this retard for example>>545088526Imagine he gets his way and they leave who does he expect them to replace investors with? Why would a business get investment in that state? but if they decide to get taxed instead of leaving who is going to create a company there when they could sell it off if it gets too profitable?Both dominant positions are to close your company and liquidate everything if they implement that tax
>>545087217Pretty much this and it's not a gift. It's an investment with couple of billions return. Payed by every non-billionair pleb
>>545085832because they bribe the tax collector
>>545088210We need to return to Hamiltons American system..Its what saved us after the Civil War, ww1 and ww2.But the brits infested us with their debt based bullshit.
>>545089245>they can't take their infrastructure with them.yes they can, you expect meta to run on offices?>they can't take their workers with them,They are leaving the unemployed behind not workers
>>545085832Most anyone capable of getting to the higher straits (not even billionaire level) will be capable of finding ways to reduce their tax spending. Largely because it's a legal endeavor with an entire industry centered around it.Tax codes in general are too confusing and strange, so you end up in a situation where too much tax is taken to do too little and the people who ought be paying the most end up paying the least etc. etc. Would require Total Reform of the tax system desu.
>>545086045Stop jerking yourself off. We very rarely put them away here either.
>>545085832If you think them hard to tax...you can just kill them all and their whole bloodlines and then take all what they had to state....Russians did that in 1918.
>>545085832It's important to understand that we don't need to tax billionaires so that the government has their money to spend on things. The federal government issues the currency -- it always has money.The reason why you need to tax billionaires is so that they don't use their money to run bribery and influence operations to continue constructing and detouring civilization into the directly they would like it to go.
>>545089527>yes they can, you expect meta to run on offices?What product does META produce that we all need to keep producing the goods and services that we consume?I'm asking this without a hint of irony. I understand they run Facebook and Instagram, but neither of those things is actually critical or even reasonably important to actual productive processes.
>>545087673Capital gains have a pretty heavy tax relatively. That would hurt the average family man more than the billionaire. Just tax like we did back in the robber baron era or whenever over a certain number is like 90% taxed.
>>545089700Lenin just transferred a lot of what they took from Russian aristocrats and put it in western banks and financiers hands. There are still Russian icons plundered by the Bolsheviks and given to Olof Ashberg on display on a museum in Stockholm I think.
>>545088688>They don't have moneyThey must. They spent a million dollars a day campaigning
>>545085968>bourgeoisieSocialists.>lobbyistsAlso socialists.Pretty easy to see the problem here, never grant a socialist a line of credit.
>>545090206Lobbying should just be illegal or strictly regulatedBut your point is true too
>>545089719the federal reserve is a private bank dipshit. we buy our money from a half dozen jewish banking families.
Because they don't pay themselves from the company, it all goes to stock. Then, they take out loans against that stock at very low interest rates to fund their lifestyle.Families like the Rothschiulds, duPonts and Rockefellers (etc) keep trillions in trusts that probably aren't even directly in their name.
>>545090262Political crowdfunding should be illegal in-general, it's not enough to simply outlaw lobbying the government.
>>545089527Damn, giving away your talent at a discounted rate to your competitors for free so that they can compete against your newly formed fledgling team.
>>545085832A strong nation require priviledge for the elitescand slavery for peasants. That why India and China became a threat to US in a short time.
>>545090343The Federal Reserve is an agent of Congress. Congress apportions all spending. The Federal Reserve was barred by law in the Banking Act of 1935 from buying Treasury debt directly from the Treasury. It can only buy bonds on the SECONDARY market. Do you understand this? And the Federal Reserve remits the interest it earns on the bonds that it holds BACK to the Treasury.Fed conspiracy theorists are the dumbest fucking people in America.
>>545088280So is it Moscow or are you a grok bot?I study both history and finance. It seems like you study what they tell you to repeat. True evil is willful ignorance.
>>545090518>That why India became a threat to US in a short timelol
Even Newsom is trying to prevent this from passing now, fearing what it'll do to California. I hope it passes, not because California will learn anything from what happens (it won't), but simply because I want them to suffer.
>>545088320Are you kidding?My hobbies just happen to be wood working and gardening. I grow hundreds of pounds of food on our half acre lot and have built custom shelves and cabinets throughout my house. Mind you most of my cabinets are dado cuts in plywood with routered MDF doors. I have only done dovetail work on small gift boxes. During the pandemic you could get finished birch plywood and rip it down to 3.5 inches making it cheaper than 2X4 fir. Absolutly crazy. That extrmely structual material was great for floating shelves in my kid's room. As far as the garden I grow mostly tomatoes the flavor is just far superior to any store bought ones. I started canning about 3 years back. Making mid winter spaghetti sause with home grown tomatoes always brings a smile to my face. Simple fact is you think anyone with a differnt view must be a liar. Isay objective reality doesnt give a shit about your dime store opinions. Life for you will be hard and unfullfilling my friend.
>>545088526Eat the rich brother.
>>545088740>They don't convert the stock to cash and whenever they do it's heavily taxed. Sadly capital gains aren't taxed nearly as high as hourly labor. If they could only pay their fair share.
>>545088765California Republican understand that if you don't support the state the traffic gets worse. Kek
>>545089356Well funded schools in blue states create massive wealth. Only Republican school budget cuts result in fools like you. Red states need more in federal funding than blue states. Republicans govern the welfare states.
>>545089405Like voting for Democratic untions to negotiate better wages and benifits?Seems like underpay is theft to me.
>>545089419I bet plenty of businesses would live onoperate in one of the largest economies in the world. Who sold you the bullshit about trickle down economics?
>>545089435Why does the right want overlords taking their freedom. It is almost like they got sold on being afraid and gave up their futures.
>>545089419wow.... good points... really makes u think.... if we do something THEY might LEAVE.... better 2 just do nothing -- what can we do??? (nothing)
>>545089492Debt was useful to gain independence. Debt is a tool it should not be a crutch. Inntheb1950s tonthw 1970s the tax on the rich was 70% to 90%. When an american family could prosper. Reagan and the Republicans have dismantled the things that made america the land of oportunity.
>>545086045In Norway we have a wealth tax. It made entrepreneurs flee the country and move to Sweden and Switzerland and America, where they can actually afford to grow. Then we created an "exit tax" to tax people running away to evade the wealth tax. We are so fucked lol.
>>545089719We need to tax billionaires so the debt doesn't cause quantitative easing. When the government prints money you make less. When the government taxes it invests in its people. We just want them to invest in the average people not the few sociopathic wealthy ones.
>>545089976You are absolutely incorrect. Capital gains taxes are lower than taxes on hourly wages. Your ignorance doesn't change reality. Your wishes don't come true.
Wealth tax is sold to the people the following way:>Rich people bad. followed by:>With all this money, we can help the poor and unfortunate members of society! but what actually happens, is that medium sized businesses are affected, while the ultra rich find yet another way to evade it. And the money is either sent to Ukraine, or it's wasted on clinically retarded/corrupt government projects. Basically it's set on fire. There's zero impact on our so called welfare state. No more doctors or teachers are hired. The kids don't get smarter. The people don't get healthier. Yet the state grows a little bit more. Tax is love. Tax is compassion.Tax to combat evil.Tax to make the world a better place.Tax.
>>545089405The only TV show I'd watch with him in it is the one where a jeet has a massive wet bowel movement on his face.
>>545090206I don't think you understand what socialism is. President Trump taking stock in intel for the government and sharing the means of production with sharw holders is pure socialism. The current Republican president is one of the most socialist in history. Great leaders like FDR made taxes on wealth the fuel to support working families. A far superior system but equally socialist. When the banks fail we bail them out and when the banks fail we let families lose their homes. Socialism in wallstreet capitalism on main street. Still socialism.
>>545092061Define “socialism”.
>>545090262Lobbyists make laws complex so the representatives "need" them. Representatives "retire" and become lobbyists. The revolving door should be illegal.
>>545085832Notice how they say they can't afford more taxes but then spend more than that on fighting more taxes and preventing your healthcare? It's like they're lying or something lol
>>545085832Because no one is willing to put a gun to their head and demand that they pay their fair share. Billionaires have transcended the reach of liberal democracy
>>545092061>I don't think you understand what socialism isI think I do, I also think most socialists don't fully engage in or embrace socialism, especially when it comes to private ownership.
>>545091255>Well funded schools in blue states create massive wealthSchools are indoctrination centers. Think about covid and lgbtq insantity. They don't really teach math anymore because it's racist.They don't create wealth, unless you're willing to accept administrative salaries for student learning.
>>545085832paying taxes is the threshold between the Rich and Middle Classthe Rich don't pay because it's not posh to do so and they know most of it will go to whores and cocaine for politicians anyway
>>545092121Socialism is an economic and political philosophy defined by social, collective, or public ownership of the means of production and distribution, rather than private ownership.Shareholders owning a company the government owning the same company. For FDR the taxes were the government's share of profits and in return it cultivated the roads schools and workers thst made the company possible. Not sure what you think it is.You should have tried harder in your socialist provided schools.
>>545091744You have no idea what you're talking about and should stop posting.https://www.youtube.com/watch?v=Ev2ZqAgblCEhttps://www.youtube.com/watch?v=1-BsGqbQMpIhttps://www.youtube.com/watch?v=zxDVRISfslshttps://www.youtube.com/watch?v=lGhF1jO4ZbM
>>545085832Because power controls everything and they have power. Also the government is shit and they are not retarded so they know their money would just go to shit anyways.
>>545092297Public ownership still proves its value today. Co-op style businesses and utilities have benifited communities across the globe.
>>545085832I'm not even from the US and I feel like just putting the money in a bag and burning it would be better usage of the money then California projects most Californians won't ever know was paid by the billionaires they would always support taxing more
>>545092061>Great leaders like FDR made taxes on wealth the fuel to support working families. A far superior system but equally socialist.It was deficit spending, strongly targeted to building infrastructure and industrial capital, not taxes.
>>545092329Reynolds wrap or store brand foil for yiur hata? Look at you barfing the same talking points your handlers taught you.A good way to tell you are winning with a right winger is when they bring up the sexual preferce of others unrelated to the conversation.But...but...but boys in dresses. Fucking kek.
>>545092467I have no doubt you "did yiur own research" refrencing the propaganda you swallowed like a cheap whore provea nothing. I feel content with our conversation. Thanks everyone.Cheers.
>>545092467>Taxes for Revenue are ObsoleteJoy Reid disagrees.
>>545086024 >>545085832>because they write the tax laws1/3 of the issue.They 1. Write the tax law and pay politicians.>all Democrats are sold outs to big corpos and billionaiers, such as Rockefellers (oil ,Exxon Mobil)> , Duponts (own state of Delaware , Biden, and Dupont chemical)> and Morgans (own JP Morgan bank) 2. The tax law is EXTREMELY COMPLEX on purpose .And has massive holes, ON PURPOSE. Rich and billionaiers then use legal loopholes to create LLCs, split their wealth into LLCs and Trusts etc and avoid taxes . They can move, create corpos in different offshore etc tax jurisdictions, that you can't touch. Show that they are losing money every year, etc. 3. Tax law is EXTREMELY COMPLEX , so that they can hire expensive tax lawyers and tax accountants, >that create tax schemes for the rich. Everybody else with a brain KNOWS that ALL TAXES ALWAYS tax middle and upper middle class. Who can't afford lawyers and accountants.The problem is EVERYBODY who is elected and ALL POLITICIANS, inluding DEMOCRATS, all know this. You need to LOWER TAXES, and make taxes LESS COMPLEX. So you can relief middle class and upper middle class of their MASSIVE TAX BURDEN .
>>545087217>ElonIdiot. Elon Mask used to pay the most taxes in California. Until recently he GAVE UP, and moved his companies to Texas. The same happened to the entire west coast that's currently economically collapsing. such as Seattle every big company moved out, economically collapsing, etc.
>>545092800Joy Reid, like most liberals, is essentially a fiscal conservative. She isn't intelligent enough to understand the process by which government creates money and the implications of that.But just because taxes for revenue are obsolete (and they are) does not mean taxation is obsolete. As the article explained (I'm sure you read it instead of just skimming the title), taxation is necessary for other reasons. Chief among them giving value to otherwise worthless currency. And then you have a check on inflationary pressure, redistributing income, and behavior modification (the government taxes more on alcohol and tobacco, it gives you a tax credit for having children, etc.)
>>545092121Socialism is a power grab by the ruling class. It is a combining of multi-national corporations and government.Marc Andreesen (one of the largest angel investors/private equity funders in silicon valley) met with Kamala Harris's campaign staff and he was told that when she became president he'd be out of a job. There would be no more startups and each industry would have one or two companies producing everything. No more small to medium sized companies, no more competition.Socialism is a goverment takeover by big business. Communism is even worse. In both the middle class is gone. And there is no definition for communism, it's whatever they say it is at the time. READ!
>>5450858321. buy, borrow, die, strategy2. modern powerful propaganda toll massacring the mind of their direct adversaries (the people), into servants or cucks.3. cosmopolitanism and globalismwhich includes: unprecedented ability to movement to import an army, slaves or escape, raising the bar of boldness
>>545093034Top level conservatives, by contrast, understand completely the implications and ramifications of the government being the sovereign issuer of the currency.They just want to monopolize this to benefit themselves and not the general population.
>>545093008Now he pays more to keep his Republican "friends" in line than he ever would've in taxes lol
>>545091638>Then we created an "exit tax" to tax people running away to evade the wealth tax.And then what?
>>545092800>some retarded DEI niggress >another retarded Corrupt DEI nigress, Maxine Waters, >used to be a DIRECTOR of Financial committee in congress>can't imagine how many BILLIONS OF $ they stole >everybody who works bad I described what is happening below, BTW .>>545092891>>545093008
>>545085832I can't hate Lisa Su and Jensen Huang, the other ones should kill themselves
>>545092531It only works at the local level though, I can tell you why if you'll hear it, most don't care to know. Considering you named co-ops and utilities, you should have an inkling at least.
>>545093156Elon Musk used to be THE LARGEST Taxpayer in California. He literally paid the MOST TAXES in the entire leftist taxifornia Commiefornia state. Then they kept increasing taxes.and increasing taxes.and increasing taxes.and increasing taxesUntil he realized that he can't make cars profitably in Commiefornia, under all these taxes. So he eventually gave up, said fck this commiefornia leftist shit, and moved himself and his companies to low tax state, Texas.
>>545085832Because they control what people get taught in public schools. So they made sure people were taught "learned helplessness" in the face of any and all authority.They made sure every generation is inculcated with Stockholm Syndrome right out of the gate to make them docile and compliant and genuinely sympathetic with the boot that stamps on their face forever. It teaches them to LOVE Big Brother.
>>545085832Because they can move and it really doesn't effect them at all. If California has a wealth tax, just buy a private jet and move to Nevada (no state income tax). When you have to commute, use your plane. If things get dire just move your entire company to Nevada, Florida, Tennessee, or one of the other low tax states.
>>545085832If you target real estate and securities and change the laws regarding company registration (you pay taxes based on your sales within the country and not based where the company is registred) you do stand a good chance to win, specially if you legislate on a national level. They also like to transfer assets to different family members so you should also have this in mind to closing the siege on this front. Should they fuck off to another country entirely then you just block their shit (the US greatest strength is its market share). Criminalization of tax havens (with a possible blockade) also goes a long way.Its very possible to fight them. You just need to think ahead.
>>545093529*in order to close the siege on this front
you know you can just kill evil and corrupt people.... right?
>>545085832because most billionaires are actually just high level bureaucrats and their "wealth" is actually just the perceived financial value of the assets they're managing."Taxing billionaires" is functionally equivalent to taxing government bureaucrats based on their government paycheck. It doesn't matter how valuable the assets of the government agency is or how powerful it is, taxing the bureaucrat that is the head of the agency can logically only ever target the bureaucrats income. Anything else is just a naked power grab by some political rival. Same applies to the billionaire. People who complain that the government is not taxing billionaires adequately are actually complaining that the government isn't nationalizing the billionaires business.
>>545093441This will force those states to become more libtarded since most people who work in those companies are libs. And that's a good thing!
>>545093656Not to mention how many jeets they hire. You ain't ready for the brown wave in red states like what happened with Texas lol
>>545093636Its mostly securities. You take it out through capital gains taxes. Thats why everytime you mention this a bunch of shills show up trying to fool you and telling everyone that they are about to tax the middle class which is usually BS ofc since their portfolio is nowhere close and it usually applies to the big ones.
>>545086219This. Lobbyist are guilty of the crimes of our government, these companies/lobbyist assets should be seized.
>>545086045>Swedish Prison
>>545093636It's my tried and true answer whenever someone asks why the rich can't pay more taxes."They don't actually have money."Paper estimates and guesswork based on stock trades, which are all paper products too.Actual dollars? They don't have any.Recent example is Sting, who reportedly won't be giving his assets to his children when he passes away, deciding to put it in a charity foundation instead where his children will be the only employees.People interpreted that as sheer boomer greed, mistakenly.If he liquidated everything and gave it to his kids as normies would expect, it all gets taxed away from them.Putting it in a charity brings tax relief to the assets as well as exemptions, and if the kids pay themselves a minimum salary they don't pay much taxes on that either.Meanwhile those funds and assets in the charity foundation can be used by the kids however they want, whenever they want, how much they want.Perfectly legal.
>>545093330Didn't he scam the state with his Hyperloop project?
>>545093788>Teehee the tax doesn't apply to you why are defending billionaires!You mean sort of like how when they first implemented income taxes it only applied to people making the equivalent of $100,000 a year but now thanks to inflation EVERYONE pays income taxes?No thanks.Get fucked.
>>5450858321.) they dont have the billions in cash ready to go, its mostly stocks and other shit like that2.) they use their money for businesses and stuff, tax them, you pay more, they are protecting you3.) they have the means to move their base of operations if needed, dont bitch if your job moves across the country/world/next state overstop reverse-stockholming out and let them make a better world for you
>I HATE RICH PEOPLESour grapes.
>>545094539Good boi
>>545085832
>>545094729so how bout them tariffs making things more expensive
>>545094539>2.) they use their money for businesses and stuff, tax them, you pay more, they are protecting youThe government has more money than every billionaire put together. It could just as easily pay for businesses. But we have lobbyists who lobby on behalf of billionaires to stop the government from doing that because it creates "unfair competition".The logical conclusion of course being that the issuer of the currency is pretty much uniquely suited to do just about anything regarding the economy. It has the number one most effective tool for organizing real resources: money.
>>545093316Well, I'll say so anyway for those who will listen, IDK where anon went. It only works locally because those areas don't bleed capital in the same way state or federal government does and it's easier to balance books by requesting aid from another nearby city or township. Crowdfunding is easier, you can't crowdfund from an entire state to provide for the entire state, that's just voluntary taxation that most people won't buy into and thus creates a deficit where people are taking more than they give by default. The reason people are like this at the state level is proximity, you don't know a person two cities over and that lack of vested interest kills socialist policies, it also obfuscates the selfish amongst you.
>>545085832like parasites, if the host resits, they immediately move and move to the next host.
>>545093169and then they ended up like California.
>>545094815I don't understand 2 things you said. You claimed the federal government "bleeds capital", but the federal government issues the currency. So.. I don't know how it could.And then you said it is easy to "balance books" by "requesting aid from a nearby city". Why would it be easy to balance your books by requesting help from another entity that is a currency user, not a currency issuer?
>>545085832Because the standard way we tax people in this country usually revolve around income, because it's objective and easy to track. Billionaires tend to not actually have that much income and instead just have wealth and non-standard income, both of which are more nebulous and harder to pin down.
>>545086049It's actually more of an extortion. Politician introduce unreasonable insane laws that would screw businesses and expect those businesses to bankroll their election compaign to drop those laws. When the usa had huge taxes, there were thousands of exceptiojs for the companies. Each industry had to bribe politician to get an exception. So those huge taxes were only in theory and barely anyone paid them.They can simply close the loophole of borrowing agaibst assets and never paying taxes on those loans or getting amy taxable income. But they just fuck up thing for startups so that large investment funds could buy them.
>>545085832Because the government doesn’t shoot them
>>545092467MMT is Peronist quackery with no serious methodology for placing material and political power in the hands of proletariat
>>545095132MMT is just explaining how government already works. It's descriptive, not prescriptive. If you have ideas of things you would like to do within those spending mechanics, that's fine.
>>545094966For federal government immigration is the main contributor, followed by social programs, military and then poor trade deals/bailouts/etc. It's all stuff that generates more debt than revenue, socialism is inflationary in an open system.
>>545095271Oh, okay. I think the issue here is that you think debt for the federal government is like debt for your household. That would explain why you're wrong about everything.
>>545095439Debt is debt, however at the state and federal levels it ceases to be exclusively monetary. The reason you won't show why I'm wrong isn't because you don't want to, it's because you cannot.
>>545095628You're not saying anything meaningful. How else would the government inject new net financial assets into the private sector? It is creating the currency by the act of spending.
>>545095775>How else would the government inject new net financial assets into the private sector?Speculation.>It is creating the currency by the act of spendingHalf-correct, the value of our fiat as a tool to move resources is far higher than the cost of producing it, this creates a surplus of value. This may be the default value, however what happens when you start adding credit and speculation to the picture is that the surplus evaporates, it generates a need to keep adding other speculative values to offset the deficit unpaid.
>>545096665I'm not sure what you mean by speculation. The government is the issuer of the currency, so it has to issue it before anyone else has it. Even private banks, who create most of the money supply, can only operate as such with an explicit government charter.
>>545096923>government is the issuer of the currency>private banks, who create most of the money supply, can only operate as such with an explicit government charterPretending to be ignorant? The Federal Reserve is autonomous entity and has that charter, it is above reproach of the government and decides the value of that issued currency based entirely on speculated value of "the backing of the United States government".
>>545087975Healthcare and education spending didn't increase birthrates in Europe or Japan and you have the Taliban and Amish as counter-examples of cultures with low levels of education and health care and high fertility rates
>>545097584>Pretending to be ignorant? The Federal Reserve is autonomous entity and has that charter, it is above reproach of the government and decides the value of that issued currency based entirely on speculated value of "the backing of the United States government".No, I think you're confused. The Federal Reserve is not autonomous. It was created by an Act of Congress. It remits interest it earns on bonds that it holds back to the Treasury. It was explicitly prohibited by law (the Banking Act of 1935) from buying debt directly from the Treasury (I'm sure you can work out the implications for interest rates if the central bank, that remits interest back to the Treasury, is a primary buyer of government debt).Congress apportions all spending. Congress passes a spending bill that spends to a deficit. By identity this creates bank reserves in the banking system in the amount of that deficit. So then bond sales come in to drain the excess reserves in support of the interest rate target. Bond sales have nothing to do with borrowing money -- the only thing the government accepts for the bonds that it issues is its own currency or bank reserves, so those clearly have to exist prior to and independent of bond issuance.The whole narrative of the Fed being "independent" and "private" is a rear guard narrative to keep people from understanding the actual implications of central bank power.
>>545089245Billionaires are the only proof California ever did anything right
>>545085832Because they can move. Tax evasion is a big part of why rich Europeans go around on yachts like a traveling court, never anchoring long enough to meet residency requirements.
>>545089697>>545086045Sweden is a tax haven.
>>545085832They haven't pushed for democracies, secularism, atheism, feminism, globalism and other nation dissolvent ideas so you could tax them.
>>545087570Whats the cut off for what qualifies as "wealth"? A million bucks? My parents house is worth over a million bucks (bought it for 250k) so when I inherit it am I now "wealthy" and that home should be taken from me? I'm not disagreeing that richfags should be taxed like everyone else but this just seems like a weasely way of taxing the middle class more under the guise of "taxing the rich". Poorfags won't care even though their lives will not improve one bit since they aren't even engaging in the economy but id bet money that this disproportionately hits the middle class like every attempt at "making the rich pay their fair share".
>>545098396>It was created by an Act of CongressAs an autonomous entity.>It remits interest it earns on bonds that it holds back to the TreasuryThis is the surplus value I referred to initially.>It was explicitly prohibited by law (the Banking Act of 1935) from buying debt directly from the Treasury>directlyThis is why I said value and debt are speculative at the federal and state levels, not necessarily monetary either, congress keeps a deficit to retain value on a currency that has lost its initial surplus interest value. Congress doesn't control the Federal Reserve, it exists to serve it in exchange for the refinancing of its debts. Trying to obfuscate this behind more specific terminology won't change the fact that this framework fails because government spends outside its means, which is socialism in a nutshell.
>>545100008You're talking in circles. The government can't run out of money, ever. Its "means" are real resources -- things money is used to purchase.
>>545087570Norway introduced a rich tax and then some billionaires left, the new income of the rich tax was less than what they missed due to them going away
>>545100455When you understand sovereign currency mechanics, you understand that it doesn't really matter if billionaires leave. Because you don't need their money to have money to spend on things.It's overly simplistic, but if the rich people in question are cardiologists and chemical engineers, it's probably not good if they want to leave. If they are landlords or marketing executives, it doesn't matter if they leave.
>>545093359>Because they control what people get taught in public schools.Yeah, billionairs like John D Rockefeller in the very early 1900s (he was a trillionaire in todays $). He set up the dept of Education"We shall not try to make these people or any of their children into philosophers or men of learning or of science. We are not to raise up among them authors, orators, poets, or men of letters. We shall not search for embryo great artists, painters, musicians. Nor will we cherish even the humbler ambition to raise up from among them lawyers, doctors, preachers, statesmen, of whom we now have ample supply."?- Rev. Frederick T. Gates, Business Advisor to John D. Rockefeller Sr., 1913 [1]
>>545085832the have the power of just moving somewhere where taxes are cheaper, at least on paper / with the company they are employed with
>>545085832citizens united and institutionally-mandated individual personal failures to uphold the (flawed, easily exploited) protective mechanisms in our "system of checks and balances"
>>545085832Cause they bribe everybody
>>545100364I'm not, you're reiterating what I've said under more specific financial terminology in an attempt to claim the scales are ultimately balanced but they aren't.>government can't run out of moneyThe Federal Reserve has it's hands tied in one way only and that is that it cannot charge government (taxpayers) the exorbitant interest necessary to offset the created debt, otherwise the entire system crumbles under its own weight. Sure, by that metric government can't "run out of money", however they inevitably lose credibility by endlessly refinancing debt. This will be my last reply to you, the one who is actually not saying anything meaningful or even refuting the original point regarding socialism.
>>545101238There is no accounting or mathematical requirement that the government pay any interest on the debt that it issues. Selling bonds is not something that needs to happen naturally. It is a self-imposed restraint. I'll leave it up to lurkers whether they believe the narrative that such an arrangement exists to reign in deficit spending or if it exists to guarantee income streams to bondholders.
>>545085832Californian here. All these faggots threatening to leave the state won't affect it at all. This state has literal magic soil. Open coast to all of Asia and Australia, I-5 and PCH from Mexico to California. And probably some of the best weather on the planet.Wealth tax all of these faggots. Can't afford PC parts anymore because of the manufactured AI bubble. Tax these degenerates and limit their wealth to decent amount. UBI now too. Death to flyovers too.
>>545102999*to Canada
