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why do normalfags feel entitled to others wealth?

Every rich person in California will just move to Texas or Florida or some other chud state that isn't fully third world like Mississippi.

>>545328086
Probably will be rejected but the damage is already done since some high net worth have already moved assets out of the state. It’s a tax that will lose revenue without even being implemented.

If they want to tax the rich they should just make boomers pay property tax for what their home is worth now rather than what their home was worth in 1973. You literally have people in $5M homes paying basically no property tax.

The entire west will enact wealth taxes in the next 10 years because they're running out of money
They will of course fail

>random faggot sophismaxxing backed by some leftist oligarch

>>545328086
what's the actual tax though?

yeah and we have a 21% tax on companies and they pay none of it
if you just enforced the law that's actually in place there would be no such problem in the first place but leftist retards dont understand that law being a law doesnt automatically enforce itself

>>545328088
>Every rich person in California will just move to Texas or Florida
I doubt that considering most other stayes lack either proximity or key infrastructure. Even Texas and Florida is a step down for many.

>>545328093
>yeah and we have a 21% tax on companies and they pay none of it
>if you just enforced the law that's actually in place there would be no such problem in the first place
That's just a Poland problem.

>>545328092
It's not much.
>a one-time 5% wealth tax on California residents with a net worth over $1.1 billion (scaling down/applying to individuals and trusts with a net worth exceeding $1 billion)

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>>545328092
The tax is called give your fucking money if you are rich.
Power for small pipo

>>545328090
>They will of course fail
Where the fuck will these billionaires fly to ince they drain the very states that helped them up?

>>545328094
you are a massive fucking retard and an economic flat earther but go ahead and try to do it see how it works out for you

>>545328095
>a one-time 5% wealth tax on California residents with a net worth over $1.1 billion (scaling down/applying to individuals and trusts with a net worth exceeding $1 billion)
Not much, sure, but what gives the state the right to just take money for no reason other than you won just a little too hard?
This is just fucking reparations.

>>545328098
>an economic flat earther but go ahead and try to do it see how it works out for you
Why do you think rolling out a one time tax in California is impossible? Why do you aimpnfor these "self-made" billionaires and multi-millionaires who made their money off their access to public infrastructure, tax breaks, and state funded research.

>cant tax them they would just move to another jurisdiction
I doubt billionaires would be willing to move to third world.

>>545328099
>what gives the state the right to just take money for no reason other than you won just a little too hard?
Same way many states enforce vaccine access and rollouts, or bare minimum educational standards and benchmarks, or road rules and speed limits.

>This is just fucking reparations.
What the fuck does this even mean? Like try being more grounded.

>>545328102
>What the fuck does this even mean? Like try being more grounded.
California is full of black folk. The white folk are having money stolen from them to pay for black folk.

>>545328103
They could donate to the poor resulting in less crime.

>>545328095
It's funny because in France Zucman tried to sell his tax as a yearly 2% thing, not a one-time fleace.
Meani

>>545328103
>California is full of black folk.
5-6.4% and that probably includes some mixed race or vaguely blacks inflating the number.

>>545328100
why am i as an employee paying for tax breaks for trillion dollar net worth companies?
you are a shit eater advocating for a bill made by private equity with a billion exemptions to force CEOs and company founders to sell off their voting stocks to take over control of the biggest companies like meta and alphabet that are still largely controlled by their founders
you are a naive baby shielded from real world that lacks the ability to think logically and somehow you believe that there is a grassroot movement to harm the interest of spheres of influence that fund the politicians who want to enact those changes?
>>545328104
proofs?

>>545328107
>why am i as an employee paying for tax breaks for trillion dollar net worth companies?
What?

>you are a shit eater advocating for a bill made by private equity with a billion exemptions to force CEOs and company founders to sell off their voting stocks to take over control of the biggest companies like meta and alphabet that are still largely controlled by their founders
Zuckerberg actually got more voting power as an agreement with shareholders to stay in California. Which he was willing to do because if he left California being able to you know actually work would be much harder, a move of staff outside of the state would be catastrophic.

>>545328107
Only correlation.
Also capitalists use/benefit much more from natural resources and infrastructure. Like drink companies getting to siphon water for free.

>>545328108
i'm not gonna pretend like i can grasp the consequences of legislation that took hundreds if not thousands of people to analyze and i'd much rather look at the conflicts of interests which are much easier to grasp and so should you because it should be fairly obvious to any intellectually honest person that it is intentionally made to not be comprehensible and only presented in a certain way to leverage common public emotions to serve personal interests
>>545328109
>Only correlation.
correlation != causation

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>>545328086
>>545328087
>>545328090
>surely if I keep defending the top 1% who have more money than I will ever earn in my shitty 9-5 wage slave life a thousand times over, some of that good fortune and wealth will find its way to me

>>545328111
have you considered the unthinkable possibility of.... politicians lying?

>>545328112
this aint reddit lil bro you don't have to type like this for upvotes

>>545328086
>be richfag in cali
>move all my finanial assets overseas
>oops no money here to tax!
simple as

>>545328113
"lil bro" thought he clicked on xitter by accident talking in zoomerbabble

>>545328112
Lying about what?

>>545328088
Considering the current state of asset management just doing extreme rent seeking on existing assets without creating any new wealth at all we would probably all become wealthier by billionares and corps like blackrock just fucking off. They don’t create jobs, their wealth doesn’t trickle down, they don’t attract new business, they buy up assets and demand a premium from plebs to use them and then spend hundreads of millions to lobby politicians in order to pay 2% lower capital gains tax. The only time they actually spend any money rather than just leveraging their extreme wealth to take our extremely low interest loans

>>545328104
LMFAO
They will literally just buy shit to facilitate committing crimes.

>>545328116
lying? why would he be lying
what would he even lie about?

>>545328110
Well, since Islamic countries have lower crime than westies, there are two avenues you could follow:
A) islam makes people generally less prone to criminality
B) religious duty for wealthy people to donate to the poor makes the poor less likely to feel compelled to resort to crime

>>545328120
that's a complete non sequitur

>>545328086
Fun fact: under this proposal the DoorDash CEO will receive a tax bill higher than his entire net worth.

>>545328111
>Defending
No it's just being honest. Fair. White.
Why would we need a reward for doing what's right you dumb wicked gigacapitalist in denial?

>>545328121
Knowing Latin doesn’t excuse you from making an argument. Which part do you think doesn't logically follow? I'm happy to clarify.

>>545328101
don't have to, they just move to a state that doesn't tax the shit out of people like commiefornia does

>(((Zuccman)))

>>545328086
Taxing the rich is a very complicated and difficult endeavor. What if they just move their wealth to a different state or a different country?

>>545328111
>This person doesn't want me to kill and eat the golden goose, must be a vegan or something

>>545328125
Really? Doubt it, I don't think they'd move to Idaho (no offense) just because tax increases

>>545328127
>What if they just move their wealth to a different state or a different country?
What country do you have in mind? Pulling up everything you put down and changing stayes is super costly.

>>545328086
you have to be braindead to see third world shithole politics running a state and not GTFO of it asap

>>545328110
So you have not idea about the topic but felt you needed to have a meltdown trying to defending the guys who literally are trying to destroy the environment just so we can get faster porn prompts?

>>545328130
It's just numbers in a Bank. I can also just get my money/assets managed by a fund in London like many others.

>>545328131
>TF
>Tp

>>545328131
they're already moving to texas
you can expect it to become a hippy liberal state very soon, then they'll pull the same shit there and the cycle repeats itself

>>545328132
Or what if a take out loans for every expenditure I do in California? How are they going to tax debt? I pay the debt off through an Account in the Cayman Islands. Bank gets its Money, doesn't care where it came from.

>>545328131
>third world shithole politics running a state and not GTFO of it asap
God forbid the rich actually have to pay taxes they can't dodge with a team of lawyers the size of a Minor League Baseball team. A lot of the taxes you and I pay is outright dodged or so promptionately miniscule it's barely a tap.

>>545328133
It's much more conplex than that.

>>545328135
>they're already moving to texas
Many aren't. Especially since Texas infrastructure isn't that good. Like California has issues with that, but Texas has that and then some more.

>>545328137
The top 1% pays more in tax than the bottom 80%

>>545328086
what does lλ mλtinλle mean

>>545328138
>It's much more conplex than that.
How are planning to tax me billionis?

>>545328140
The morning show

>>545328127
See >>545328117
A millionaire tax would be one thing. By that point it’s still possible for you to have most of your money circulating through the economy. A billionare is just hoarding and often times even worse. He’s monopolizing, he’s rent seeking, he’s leveraging his wealth to spend even less money, he’s buying up the competition, he’s buying up politicians, he’s throwing his entire weight behind tiny local elections in order to ass rape tiny towns he has business interests in. You don’t want people with that sort of wealth. You’re not even making money off of them. They’re powerful to the point of them starting to suck the money out of the government

>>545328127
>Taxing the rich is a very complicated and difficult endeavor
only if you let it.

>>545328143
billionaires contribute more than your average rent seeker (an old lady who owns a bunch of expensive property), if they're doing any of the things you're describing that means they're actually investing money and contributing to the economy.
the bad type of rich person is the one that hoards a bunch of wealth in offshore accounts and never does anything with it.

>>545328137
a country trying to chase out the rich by giving them higher taxes will end up poorer and shittier in every way.
if anything tax should be lower the more you earn to incentivise people to earn more

>>545328143
Doesn't answer the question I made.
>>545328146
The rich need to pay their share.

>>545328147
it should be like dubai everywhere imo 0% income tax, 0% capital tax. only corporate,VAT taxes and tax on luxury goods. people should not be penalized for earning more they should be penalized for earning less if anything

>>545328148
Good joke my g. Now get the fuck out of my face with your prehistoric law of the strongest,"which penalizes the weakest on a large scale

>>545328148
they can do that because it's a fake oil state, would be lunacy anywhere else

>>545328120
Islamic countries dont have lower crimes than European countries, just look at the homicide rate

>>545328149
the weakest is the person paying over 50% tax when he should be paying 0% - AKA the french

>>545328145
They don’t. They spend a tiny fraction of their wealth. 1000 people making half a million a year off high tier employment contributes head and shoulders above what a billionaire contributes. Normal rich people aren’t hollowing out the economy. A billionaire reaches his tax cealing before is wealth is even scratched (untill now in California thankfully). Rather he monopolizes markets. The natural end game of ancap.

>>545328153
you're saying they're simultaneously monopolizing markets and not participating in them, it's a tad contradictory

>>545328148
How are you planning on becoming strong in an oligarchy? Rise through the ranks in organized crime?

>>545328154
When have i said that they don’t participate in markets? I started this tangent by stating that people with this sort of wealth naturally hovers towards simply buying up existing wealth and competition

>>545328156
>people with this sort of wealth naturally hovers towards simply buying up existing wealth and competition
which is a completely natural part of any market
if you have a problem with monopolies, you address that with laws that specifically break up monopolies
also, monopolies aren't always bad. the government is a monopoly. it's how you can get investment in areas that otherwise wouldn't have any, more wealth means more incentive for risky investiments.
the job of the government should be to identify which monopolies are useful and which ones are just rent-seeking endeavours.

>>545328147
Let them. As i said. You’re not making money off of these people. You should absolutely incentivize normal rich people to live in your cunt. A person with a net worth of 10 million is closer to being a homeless crack addict than he is to Elon Musk. Just make it law that he has to sell his local assets when he fucks off

>>545328157
>monopolies aren't always bad
Most of them (and oligopies) are bad and do stifle competition and impact costs of living+business costs of other private commerce. If only one or say 3 companies are ISPs in a refion and they all price singalong each other to screw over the consumer there's no way to stop that ottside of regulatory policies and unfortunately in many places like US/Canada or Germany they do have regulatory capture which is equally as bad as state caputre.

>>545328157
Countries like Indonesia has 7 oligarch families that owns the entire nation. They own the government. They own the agencies tasked with regulating them. They own the media. They have a monopoly on everything. They gained this status through their obscene wealth that then had a fraction of it spent towards shaping the entire system to their whim. This is what i mean by them being powerful to the point of them starting to suck the money out of the government. We are absolutely starting to see behavior like this in western countries as well

>>545328159
>Most of them (and oligopies) are bad
I don't disagree, and if anything becomes powerful enough to buy the entire government by itself it should be broken up obviously.
There's value in allowing some monopolies though, as long as they're making headway in useful things instead of simply consolidating power.

>>545328111
the problem with socialism is that they will inevitably lower the bar for what's considered as wealthy to plunder an increasing amount of people then moving onto the next category once they're done looting

>>545328111
>surely if I keep defending the top 1% who have more money than I will ever earn in my shitty 9-5 wage slave life a thousand times over, some of that good fortune and wealth will find its way to me
correct
that has been the case for for the Mauritius, Botswana and Singapore

if the country protects rich people's right to exist and property in general, guess what, rich people come to your country and spend money there aka invest in your society

you don't like it? go study history for the opposite examples (Tanzania, France, Zimbabwe, etc.)

>>545328146
I can't really even get mad, the flag fully matches the post.

>>545328146
absolutely correct but leftists are retarded. i suspect they have low grade early dementia from lack of nutrition

>>545328164
he's right and that you disagree showswhy the uk is becoming a shit hole

>>545328086
Why do Europeans in this thread pretend they never heard of the centuries old traditional tax haven in Europe called Monaco? Rich Europeans have been retiring in Monaco since 1869

Monaco is a sovereign European principality widely recognized as a major tax haven for individuals due to its total absence of personal income and capital gains taxes.

Personal Income Tax: 0% (abolished in 1869, except for French nationals).

Capital Gains & Wealth Tax: 0% on personal investments, wealth, and property.

Inheritance Tax (Direct Line): 0% for parents, children, and spouses.

The French Exception: French citizens living in Monaco remain liable to French income tax under a bilateral convention unless they established residency before October 31, 1962

>>545328166
communists/socialists pretend history doesn't exist even though their entire religion is based on history (historical materialism)

>>545328164
he's right about the chasing away the rich thing but wrong about the inverse tax scheme
an inverse tax scheme is basically the norm as it is anyways, the more you earn the more you have to spend on creative accounting

>>545328137
>God forbid the rich actually have to pay taxes they can't dodge with a team of lawyers the size of a Minor League Baseball team. A lot of the taxes you and I pay is outright dodged or so promptionately miniscule it's barely a tap.
more taxes for what exactly? most of the problems people face are because of the government existing
https://en.wikipedia.org/wiki/Certificate_of_need

the only thing governments do is increase their own size and control to justify more money for itself

>>545328146
The skilled workers and educational pipelines, built infrastructure, established ports and roads, chain of logistics, access to capital and trading partners make you rich. If you only needed wealthy people flinging money all rich guys would have left the West and established their neo-feudoms in Asia, Latin America, and Africa.

>>545328087
hope the billionaires see this bro

>>545328164
what do you mean what does flag have to do with it

>>545328095
>it's just a one time 5% tax
>it's just a one time 7% tax
...
>actually give us all your money

>>545328163
>Mauritius
Tax haven for Indian billionaire
>Botswana
DEbeers has a stranglehold and the entire economy is hyper dependant on diamonds.
>Singapore
Small city state who's niche is getting pushed out by the development of new options allover SEA and East Asia alongside the reality that it has some of the worst fertility rates on Earth and has to depdnand on foreign expats for a massive chunk of the skilled and unskilled labour.

Brazilians like you really do your flag a real dishonor.

>>545328161
>There's value in allowing some monopolies though, as long as they're making headway in useful things instead of simply consolidating power.
They all backfire horribly into massive inefficiency and graft.

>>545328090
>because they're running out of money
governments literally make the damn money and they run out of it because they're too busy increasing its own size to micromanage everything in the universe

that's how retarded the concept of a government is, and that people think this is normal is horrible

>>545328097
Mauritius, Singapore, Paraguay, Argentina, any country that suffered long enough with socialism to abandon that retarded idea too

>>545328098
he's indian bro, don't expect intelligence

>>545328175
eventually yes, then you deregulate the market or break the monopoly to encourage competition again.

>>545328100
>made their money off their access to public infrastructure, tax breaks, and state funded research
if it's so easy why haven't you done it yourself you mouthbreathing nigger?

>>545328101
>I doubt billionaires would be willing to move to third world.
socialism makes a country third world, literally, that's the definition
look up where the uk billionaires went to after the talk about robbing them. billionaires aren't retarded like you

>>545328151
Thats the death penalty, not homicide.

>>545328102
>Same way many states enforce vaccine access and rollouts, or bare minimum educational standards and benchmarks, or road rules and speed limits.
cool, I'll give you a service you didn't ask for so i can rob you

you people must be npcs

>>545328181
>socialism is taxation
You could have made a point if you didn't use ad hominem

>>545328183
>I'll give you a service you didn't ask for so i can rob you
So you want to be crippled by Yellow Fever or have to pay out a ton of money to buy basic vaccine per indivdual versus the considerablly cheaper public vaccine rollouts?

>>545328120
>Islamic countries have lower crime than westies
go bsck nafri
and they don't have lower crime, they have crime permissive legislation (look up the legal definition of rape)

>>545328124
this is literally logic 101 first week of math i dont think i can explaian this to you

>>545328179
>then you deregulate the market or break the monopoly to encourage competition again
They why enable the monopoly in the first place? Your idea just leads to a regulation race to the bottom while state has to pick up the pieces trying to fix the problem in the first place.

>>545328095
Also keep in mind it's based on voting rights, not actual ownership. For example Sergey Brin has ~25% of voting power so his tax basis is 855b; his "5%" tax bill on 100b worth of Alphabet shares is 42b.

>>545328174
>Tax haven for Indian billionaire
yes, tax havens are good, that's the point

>>545328190
They arent. They screw over states of taxation, enable corporate and public corruption and basically lead to tax law races to the bottom which inevitably leads to companies extracting extreme amounts of profit while basically parasiting public and environmental resources.

>>545328174
>DEbeers has a stranglehold and the entire economy is hyper dependant on diamonds.
yes, and? the country is actually a good place to live because of that. they use the resources they have wisely, as opposed to the socialist shitholes with plenty of resources like Brazil who use that demagogue nonsense to create more government overreach and corruption

>Small city state
a small city state can become one of the wealthiest places on Earth by not being retarded socialists, yet big countries can't do the same?

>who's niche is getting pushed out by the development of new options allover SEA and East Asia alongside the reality that it has some of the worst fertility rates on Earth and has to depdnand on foreign expats for a massive chunk of the skilled and unskilled labour.
still a rich country, still not thanks to socialism

>>545328184
correct, robbing people while putting a veneer of morality in that is socialism

>>545328185
>So you want to be crippled by Yellow Fever or have to pay out a ton of money to buy basic vaccine per indivdual versus the considerablly cheaper public vaccine rollouts?
i want to not be robbed, that's the most important part

if i want a vaccine i can pay for it with the 80% higher budget I'd have if the government didn't rob me

>>545328191
>They arent. They screw over states of taxation
and so fucking what? taxes only benefit the pockets of the parasites who live from them like banks and government members
are you that dense to think less taxes is a serious concern in a society that is light years ahead of all its neighbours in every other aspect?

>>545328191
> which inevitably leads to companies extracting extreme amounts of profit while basically parasiting public and environmental resources
profit can't be extracted you mouthbreathing nigger, profit is determined by customers buying your shit, they're not an inherent property of reality

also, governments are the only parasites of resources, and there's no such thing as a "public resource". the "public" owns nothing, only individuals do.

you need to be brain-dead to think companies using energy and matter thus improving the society they're located in is "parasitism of resources" while the fucking government literally robs people's energy and time by doing nothing, AND sitting on those resources and using them for their own nefarious reasons (like blowing atomic bombs in the atmosphere, or doing human experiments on war prisoners)

>>545328188
monopolies have the resources to achieve things smaller companies cannot
the reason you can use something like google maps for free is because google has a monopoly on ads, SpaceX developed starlink because they developed a near monopoly on launches and so on.
you can leverage the money from your monopoly to break into other areas and develop technology no one else would have the stomach to pay for.

>>545328086
Gab give me the zucc

>>545328086
>>545328087
>>545328088
>>545328089
the open borders and trannies party isn't going to tax mega rich jews

>>545328199
that's exactly what they want to try to do because they hate jews just as much as you, but of the religious kind

>>545328200
they aren't going to do it. they didn't do it under obongo or brandon. any open borders and trannies tax only affects middleclass Whites and never affects the mega rich jews

>>545328201
>and never affects the mega rich jews
mega rich jews are actually smart as opposed to you antisemitic mouthbreathers, that's why they know how to avoid these issues

>>545328202
>brazilian leftist
>loves jews
every time

dumbass beaner capitalizes whites so we won't notice he's a beaner lmao

>>545328204
I'm White you retarded oven dodger

>>545328086
Poor man defends the wealthy because he’s so afraid of communism. Hmm.

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>>545328087
>why do normalfags feel entitled to others wealth?
Because money is printed.

>>545328086
I honestly think it's going to be interesting to see how it goes. Even if it turns into a catastrophe, it's ok because I don't live there